Orange County Short Sale Realtor
With an uncertain housing market in Orange County, it is often in the financial interests of a lender to accept a negotiated settlement rather than incur the costs of a prolonged foreclosure process. And if a lender does repossess a property, they could continue to incur costs for months in order to maintain the property while they try and sell it. A short sale is a practical and cost saving alternative for all parties involved. For additional information from a Mission Viejo Short Sale Realtor.
What about my credit? Won’t a Short Sale ruin my credit?
A short sale usually does not reflect poorly on a credit report. And it cannot begin to compare to the damage your credit will incur if you are ultimately forced into foreclosure. With a foreclosure, you can expect to be unable to obtain a mortgage for at least 7 years. With a short sale, you can expect to resume normal borrowing (for mortgages, car loans and credit cards) within a very short period of time. Remember, with a Short Sale, you walk away with your mortgage debt zeroed out. With a foreclosure, the collection stays on your credit indefinitely! For additional Orange County Short Sale Assistance.
Can any Orange County Short Sale Realtor do a short sale?
Not all agents can do a short sale and not all people qualify for our help. We are here for you if your situation meets the following criteria:
You have a valid hardship
You have little or no equity in your home
Your are unable (or soon will be unable) to pay your bills on time
You want to work with a Certified Distressed Property Expert (CDPE)
