Getting Started

Whether you need to get out from under your mortgage or are looking to find a remarkable deal in the current buyer's market, we are here to help."

For Buyers

Found a property you like? Give us a call at (888) 360-SOLD to schedule a viewing. After you choose the property that best suits your investment needs, we will handle the rest. From the preview of your property to the close of escrow, we will be with you every step of the way.

For Sellers

A Short Sale is an option to bankruptcy and foreclosure. When lenders agree to a short sale they are agreeing to accept less than they are owed. Not all lenders will accept short sales, but if they do it is a much better alternative than foreclosure.

As we discuss your options, there may be drawbacks to the financial decisions you make. For your protection, please consult a tax advisor or seek legal counsel to advise you on the best solution for your specific situation. As real estate brokers, we are not licensed to give financial or legal advice pertaining to the tax ramifications of your decision. We are, however, qualified to negotiate on your behalf. We want to get you back on the right track.

Documentation

Each lender has specific documentation that they require, but most require you to do at least the following:

• Call the lender and request a Short Sale package
• Give authorization to your real estate broker to speak directly with the lender
• Sign a Listing Contract
• Create a Net Sheet showing the expenses involved in the sale of your home
• Write a Hardship Letter
• Draft an Income and Expense Report to show your inability to keep up with your mortgage payments
• Have copies of your bank statements available-up to 2 years
• Make copies of paychecks and tax returns
• Conduct a Comparative Market Analysis to show the value of your home
• Have a Purchase Agreement with a qualified borrower

• 12/07/07Use a 'short sale' to escape foreclosure. If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.
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• 12/01/07 On Thursday, Gov. Schwarzenegger visited the Fair Housing Council of Riverside County, where he met with public officials from Riverside and San Bernardino counties and explained how a temporary interest rate freeze might reduce foreclosures expected over the next two years when 500,000 higher risk, subprime mortgages in California are scheduled to jump to higher rates.
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• 12/01/07 WASHINGTON - The Bush administration is working with the mortgage industry on a plan to extend lower introductory interest rates on home loans before they reset at higher levels. read more
• 10/14/07 The interest rates on some two million adjustable-rate mortgages will be reset over the next two years, according to an estimate from the Department of Housing and Urban Development, and of them, about 500,000 are expected to go into default. read more