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I have been a licensed real estate agent or over 10 years. I service all of Riverside County, San Diego County, and Orange County located in sunny Southern California. I have a HUGE networking force of Licensed Real Estate agents that I work with who specialize in short sales located throughout the United States. If I am unable to assist you with your real estate needs, I will personally find you an experienced agent who can: IN YOUR NEIGHBORHOOD! Please feel free to tour this site.
The Right SHORT SALE Real Estate Agent
~Please call me directly should you ever want to discuss your current real estate situation. I service ALL real estate sale transactions. I work with buyers and sellers.~
MARKET UPDATE: For now, SHORT SALES seem to be the going thing next to "REO's". "Regular" sales seem to hardly exist anymore!
****NEW "HAFA" Program ***began April 5, 2010***
(Home Affordable Foreclosure Alternatives)
click HERE to watch a short video on the "HAFA" program
(click here for an informational brochure on the HAFA program from the NAR)
BUYERS:
Its a fact. Most of the homes on the market nowadays are SHORT SALES! Its can be a frustrating experience for most buyers looking to buy a home in any Southern California area. Buyers must be patient, and they'll get that home of their dreams. The government is trying to step in to make this a less grueling process for all involved; the lenders, agents, buyers, and the sellers.
What does this "HAFA" program mean for buyers? Well, in most cases it will help reduce the amount of "waiting time" after you have submited your offer and the seller accepts it. Your offer then goes to their lender, in hopes of it being accepted by them. There will hopefully no longer be this waiting peiod prior to their approval of 2-5 months. Maybe your waiting period will be reduced down to 2 weeks to 1.5 months at the most. After this approval is received by you in writing from the lender(s), you can then open escrow, and close your deal! Please call me direct should you have any further questions in regards to buying a short sale or any other home.
SELLERS:
You may earn up to $3,000 Relocation Incentive Now!
List your home as a short sale and you may qualify to get moving expenses from the new "Home Affordable Foreclosure Alternatives" program - borrowers can earn a $3,000 "relocation incentive".
Call me for more info, Shannon McGregor ~ CSSG,HRC
Your Neighborhood Short Sale Specialist
(951) 368-8601
Sellers: Below are some frequently asked questions in regards to Short Sales~
What is a Short Sale or Short Pay off? It is a process of negotiating with the lender to agree to sell the property for less than what is owed by the borrower.
How do I know if I qualify for a Short Sale? Every lender has different requirements to accepting a short sale. Call me directly so I can establish whether you do or do not qualify. The reasons for a short sale can vary from financial issues, health issues, loss of a job, cut in pay, divorce, job transfer.
What if my lender is not on the approved lenders list to participate in HAFA? Can I still try and short sale my home? YES!
How do I pay the closing costs? You don't. The lender pays all closing costs. So you will have no out of pocket expenses!
Why Short Sale?
- Avoid Foreclosure
- No out of pocket expenses
- Thee may be no tax consequences for primary residence (in many cases)
- Easier on credit than foreclosure
- Keep your dignity, peace of mind.
What documents are needed for Short Sale? Every lender has their own requirements. I will contact your lender for you so you dont have to deal with them! I will guide you through the entire process and be your rep! I will let you know what they will require from you. Some of the documents may include:
- Hardship Letter
- Financial Statement
- Authorization to convey information
- Residential Listing Agreement
- Purchase Agreement
- Estimated HUD1
What is the typical short sale process?
- Agent lists the short sale.
- Seller delivers lender's required documents to the agent.
- Buyer submits an offer subject to lender approval.
- Seller signs the buyer's offer.
- Listing agent sends the seller's package, the accepted offer and a HUD to the short sale bank.
- Short sale approval letter is finally received by listing agent.
- Escrow now opens, and the rest is like a regular sale from this point.
How do I get started?
Give me a call, and I will come meet with you. It's that simple.
Call me direct for more info:
Shannon McGregor
Your #1 Neighborhood Short Sale Specialist
(951) 368-8601
CA Dept of Real Estate Lic# 01273279
Licensed & Active for over 10 years
** SOME HELPFUL INFORMATIVE LINKS**
Making Home Affordable Program Info
click here to Find out if YOUR LENDER participates in the HAFA program
HAFA Program Info Brochure from the NAR
California Franchise Tax Board- Mortgage Forgiveness Debt Releif (the Conformity Act)
IRS-Mortage Forgiveness Debt Relief
Find out more on how a Short Sale can affect your credit
FTB- New Homebuyers & First time homebuyers tax credit
CAR (California Association of Realtors) website
Home Buyers Federal Tax Credit Update
U.S. Dept of Housing and Urban Development (HUD)
What is HUD?
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HUD is the nation's housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development and enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. | |
 
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