Short Sales in a Hard Hit Stockton Real Estate Market
Stockton home owners have been particularly hard hit by the current real estate market Are you a home owner facing foreclosure? A mortgage modification or a Short Sale may be the answer. In the event of a short sale a lender can release you free and clear and fully forgive any deficiency! Under the new Government HAFA program you can qualify for $3,000 in relocation expenses. It is usually accepted that short sale banks pick up all of the costs of the short sale, including the real estate commissions. It is extremely important that you have an experienced agent on your side and that it is structured for the short sale seller to get the best possible result. Experienced short sale real estate agents are sensitive to the fact that sellers are under a great deal of stress and are not familiar with how short sales work. They can be complex and require attention to detail and persistence.
Benefits of a Short Sale
· We work to get you forgiven 100% for your debt
· You do not always have to be in default
· Negative equity relief
· We work to delay the foreclosure process
· You pay nothing out of your pocket the lender pays.
· Stay in your home until it is sold
· Less impact on your credit
· Buy a home sooner than if foreclosed on
We are HAMP and HAFA Short Sale certified and have expertise to help you find the best solution. Call Hugh Lilly Realtor at 209-479-9222 for a no obligation consultation or register at www.hughlilly.com or e-mail: thelillyteam@comcast.net