Short Sale Information

Free Short Sale Help

No Payments for up to12 months +/- !

Stop Foreclosure-Get Out of Debt!

Why pay more than your house is worth?

Serving All of California

What is a short sale?

A short sale, negotiated settlement, or short pay occurs when a lender agrees to accept less than the amount owed to pay off a home loan. The lender usually agrees to a short sale due to the costly foreclosure process were they will take a much larger loss.

Short Sales Protected By New California Law

Thank you Governor Jerry Brown. If you complete a short sale all of the lenders are barred from pursuing a deficiency judgment against you per California’s amended anti deficiency statues, California Civil Code 580E that was amended in Jan. and July of 2011 to allow you to walk away and requires your lenders treat the debt as “paid in full”. This is true even if you short sale rental property (1 to 4 unit residential). This amended law also prevents the lender from requiring that you to contribute to the short sale! To view the full law, go to http://www.leginfo.ca.gov and look up Senate Bill 458. If your property is foreclosed on and you owe your Home Owner’s Association (HOA) past HOA dues, they will likely get a small claims judgment against you and go after you, your assets and future income. This accrues interest and stays on public records for 10 years and can be renewed for additional 10 years terms! If you complete a short sale the HOA will be paid off in full or at a discount and you will have no further liability for the unpaid balance. If your short sale is handled and completed by us, you will not pay a penny at closing. Our service is absolutely Free and at No Cost to you (The bank and buyer pay all costs and fees)
  • Short Sale Foreclosure
    Credit Score Impact 50 to 130 points 200 to 400 points
    Timetable for your next home 2 years 5 to 7 years
    Credit History Loan is typically reported, “Paid in Full, Settled” Public record for 10 or more years
    Where do I live? Live in your home throughout the short sale process (Usually 5 to 12 months +) ???

    Will there be an extension of the Mortgage Forgiveness Debt Relief Act of 2007

    by Eric Baskett February 16, 2012 Foreclosure Prevention Help

    Mortgage Forgiveness Debt Relief Act of 2007 Obama has already written it into his  FY2013 budget proposal. The Act ensures that homeowners who received principal reductions or other forms of debt forgiveness on their primary residences do not have to pay taxes on the amount forgiven. Without the Mortgage Forgiveness Debt Relief Act, debt reduced [...]

    Read the full article →
    Thumbnail image for Does Chase Bank do Loan Modifications and short sales in California?

    Does Chase Bank do Loan Modifications and short sales in California?

    by Eric Baskett February 10, 2012 Latest News

    Chase Bank – Loan Modifications and Short Sales in California. Chase has complete 106,793 Loan Modifications From my understanding….. If your loan modification does get approved the chase employee that helped you does get some sort of bonus.  That is great news. Currently there are 18 Loan modification centers in California. The 2 that are [...]

    Read the full article →

    Upside Down On Your California House and Still not walking away? I think I know why

    by Eric Baskett February 7, 2012 Short Sale

    Having helped as many families as I have avoid foreclosure after reading this report explains why so many other people have slammed the door in my face. Ignored my phone calls and basically lied to me about there situation. Its funny because I’m only trying to help them not lose the house. But no matter [...]

    Read the full article →

    Short Sale purchasers had 72 % Satisfation Rate

    by Eric Baskett January 31, 2012 Buyer

    Seventy-two percent of homeowners say they are satisfied with homeownership, according to a recent survey of more than 1,400 homeowners conducted by HomeGain, a provider of online marketing programs that connect agents and brokers with home buyers and sellers. Home gain is a lead capture site for buyers looking to buy. If you bought a [...]

    Read the full article →

    Short sale designation Hype

    by Eric Baskett January 24, 2012 Latest News

    Homeowners need to start interviewing more short sale agents. Don’t waste your time with any realtors that haven’t completed at least 30 short sale transactions. If a realtor keeps talking about there designations they don’t have any experience. If your going to invest your time in doing a short sale you want to make sure [...]

    Read the full article →

    Underwater and still not walking away

    by Eric Baskett January 24, 2012 Foreclosure Prevention Help

    Having helped as many families as I have avoid foreclosure after reading this report explains why so many of them slam the door in my face. Its funny because I’m only trying to help them not lose the house. But no matter how clever my script was as to why I was there 98% of [...]

    Read the full article →

    Strategic Default Information

    by Eric Baskett January 12, 2012 Short Sale

    Maybe you can afford your payments but your just not happy with you situation. Or, your barely getting by and your tired. Tired of never having enough money, tired of knowing your house is so underwater your throwing your money away. What ever your reason, its your financial future that’s at risk! I have saved [...]

    Read the full article →

    Is a Short Sale My Best Option?

    by Eric Baskett December 21, 2011 Questions and Answers

    A Short Sale is not for everyone. You need a professional that will explain everything to you so you can make the best choices for you and your family.  I created this video to give you one scenario where a short sale would not benefit a homeowner in Los Angeles. Everyone’s situation is unique. This [...]

    Read the full article →

    Should I keep Paying my Mortgage if I’m going to do a Short Sale?

    Thumbnail image for Should I keep Paying my Mortgage if I’m going to do a Short Sale? by Eric Baskett December 21, 2011 Questions and Answers

    Understand that if you are going to do a short sale don’t expect your lender to be sending you a refund check in the mail.  Technically, I’m not allowed to tell you to stop paying your lender so lets take a look at both sides of the equation. People are doing short sales for many [...]

    Read the full article →

    Is a short sale possible in Redondo Beach with Bank of America

    by Eric Baskett November 15, 2011 Latest News

    Bank of America is a very short sale friendly bank. Currently in Redondo Beach Bank of America has 67 active Notice of Defaults/ Trustee sales notices. As of today there are 180 ACTIVE foreclosures in Redondo Beach per Foreclosure Radar. That is a whole lot of foreclosures for an upper middle class city. Foreclosure radar [...]

    Read the full article →
    Page 1 of 41234»