Homes in Stockton: Marketing short Sales for Success
Are you underwater in your mortgage but want an alternative to foreclosure, a short sale just might be you answer? It is important to consider all of the ramifications when considering to short sale your home and it is important to align yourself with a skilled and experienced real estate team. The Real estate Team of Hugh Lilly and Maria Estrada at PMZ Real Estate are experienced as short sale consultants and marketers of Short Sales. Our success rate is over 92 percent. Hugh and Maria understand the process and have established organizational links at the key mortgage lenders such as Wachovia, Bank of America, Chase and Wells Fargo. These contacts help us set in motion sales where less experienced agents may well give up. We have a full-time staff of processors and agents committed to processing short sales. Visit our short sale page for informative reports.
A short sale occurs when a seller is marketing their property at a sales price for less than the balance of their mortgage this occurs when the market value of the home is less than owed. The lender or in some case multiple lenders have to be in agreement to accept less than the balance due. The first step in packaging short sales is to determine the value of your home and then put together a hardship packet. The Real estate Team of Hugh Lilly and Maria Estrada at PMZ Real Estate has developed a standard hardship package that is accepted by all key mortgage lenders such as Wachovia, Bank of America, Chase and Wells Fargo. We would be glad to send you a copy call us at 209-479-9222 or complete our Contact Form and we will e-mail the hardship package to you.
After you have completed the package we will schedule an interview, determine the value of your home and present you with a custom marketing plan. Since we are experienced at processing so many short sales we are expert at determining a market price that will be satisfactory to the short sale lender but will also attract multiple buyers and be acceptable to the new mortgage lender. We have a ready database of buyers and investors that have expressed interest in purchasing homes in the Stockton, Lodi, Elk Grove and the surrounding area now.
Short Sales can take anywhere from 60 days to 6 months. The average is approximately four months. During this time we normally are able to delay foreclosure auctions. When your mortgage lender agrees to your short sale, they will issue a short sale agreement letter. This letter outlines the terms of the short sale. Our short sale team always suggest short sale agreements be reviewed by a real estate attorney and or a CPA.
Selling your property can be accomplished if a homeowner has sufficient equity and a qualified agent who understands the current market. If you don’t have equity, a short sale may be the best option. If you have any questions concerning the above options and would like a private consultation, please contact me at 209-479-9222 or e-mail me at hometeam@homes-in-stockton-forsale.com , visit our web-site at wwww.homes-in-stockton-forsale.com .
Work with a Trained and Experienced Consultant
Managing the foreclosure process is stressful and complicated. FACS and CHS designated Realtors who have undergone specialized training essential to evaluate all potential foreclosure alternatives, and are in partnership with other financial professionals and the homeowner to seek the best solution. FACS and CHS designated Realtors attend several days of training learning about foreclosure avoidance and how to negotiate the short sales process competently and ethically. The FACS and CHS designations mean you are working with the most up to date Realtors and information available.
Stockton Neighborhoods: Brookside, Lincoln Village, Morada, Morada Ranch, Beck Ranch Spanos Park, West Spanos Park, Weston Ranch, Port of Stockton, UOP.
Stockton and Lodi Zip codes: 95208, 05204, 95205, 95206, 95207, 92209, 95210, 95212, 95215, 95219, 95242. 95240
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