Licensed CA. DRE
Personal Broker # : 01102481
Corporation Broker # :
01378065

 

Laguna Niguel Office: 
Orange County, California
Service Area:  California


Steve Spiro, Principal Broker

E-mail: Steve@Asset-Liquidators.net

Call (949)-212-3492

Certified Short Sale Specialist

32 years experience



As Seen in the
Orange County Register, LA times, San Diego Tribune, Sun Times, and Press Enterprise

Home Owner Bail Out

What is a Short Sale?

Short Sales are the solution for solving today’s real estate problems. The banks were bailed out now it is your turn.


 When we purchased our homes we had the idea that we could sell or refinance them as needed. Since home prices have fallen, refinancing or selling may be impossible. Lenders are denying requests for modifications and not reducing balances. If you find yourself in this predicament, a “Short Sale: is the solution, and can be obtained through Steve Spiro, a Certified Short Sales Specialist and Principal Broker of Asset Liquidators.


 In a “Short Sale” arranged by Asset Liquidators there is no cost to you. It will allow you to sell your home for less than you owe on it. The bank will waive the portion of your loan that does not get paid off at close of escrow. At Asset Liquidators, this procedure typically takes 9 to 12  months to complete. Steve will design a custom solution for your situation. This may include a sale and lease back so you can stay in your home and don’t have to move or cash back for relocation expenses. He can also arrange for you to qualify for and purchase or lease a new home before or after the Short Sale. The benefits for the home owner also include avoiding foreclosure and deficiency judgments. It may have little impact to your credit compared to a foreclosure or bankruptcy. It will postpone the foreclosure sale date allowing the homeowners more time to stay in their property without making payments.


 With a properly handled Short Sale, your loans, secured taxes, HOA dues and all cost of sale will be paid by the lender. There are no fees to you, the bank pays for everything. Consider a Short Sale as the free solution to dispose of your upside down real estate. A Short Sale must be handled by an expert. Don’t trust your Short Sale to just anyone.


 For a custom solution, call Steve Spiro a California Realtor- Broker with 32 years of real estate transactional experience and a Certified Short Sale Specialist. He can be reached at 949-212-3492. email: Steve@Asset-Liquidators.net

                                                        
32 years experience Call 949 212-3492 
Steve Spiro, Principal Broker/Realtor
Certified Short Sale Specialist

E-Mail or Call Steve today at Steve@Asset-Liquidators.net
or 949 212-3492



















E-Mail or Call Steve today at Steve@Asset-Liquidators.net
or 949 212-3492



Follow SteveSpiro on Twitter






E-Mail or Call Steve today at Steve@Asset-Liquidators.net
or 949 212-3492

Servicing all of California

Free Short Sale Service

No Payments 12 months!

Stop Foreclosure-Shred the debt!

Why pay more than your house is worth?

   Why a short sale?

What is a strategic short sale?

(California short sale)

  • Stop foreclosure-Shred the debt!
  • Avoid Bankruptcy!
  • FREE short sale service There is NO out of pocket expenses to you.
  • New California Laws give you the right to pay nothing and walk away from the debt on an approved short sale without further obligation!
  • If you are foreclosed on, have a 2nd TD or credit line that was opened after  the time of purchase, the 2nd TD or credit line will not go away! The lenders will come after you and your assets and future income to pay it back.
  • However,
  • 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 540E 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!
  • 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!
  • However,

  • 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.

  • If you complete a short sale with us your secured  property taxes will be paid and you will not have to pay them. 
  • Our service is absolutely Free and at No Cost to you.
    (The bank and buyer pay all costs and fees)!

  • If your home is worth less than you owe on it, NEW State laws allow you to sell your home on an approved short sale without paying or owing a penny!  
  • Is your loan modification is going nowhere or has been denied? Is your bank not lowering your principal balance that you owe? Loan modifications are a scam! They don't work. They are designed to keep you in debt and paying more for your home than it is worth. They are good for the banks and bad for the home owner.
  • If you are unable to or no longer want to pay your mortgage payments you can now walk away with no further obligation on an approved short sale per NEW state law (statues CCC 540E)! 

  • You can even do this and maintain good credit if you continue to pay your mortgage payments until close. 

  • A Short sale will extend the time you can stay in your home without making payments for 8 to 12 months +/- in most cases. 
  • Forclosures, Judgments and Bankruptcy go on your  public record for 10 years. Short sales do not. They are simply a sale with your bank's permission and has much less impact on your credit. If you keep you payments current until the short sale is closed the impact to the credit for a short sale has been typically about 60 points from what we have heard from clients. It is reported to the credit companies as "Settled" or something similar rather than as a foreclosure.
  • Sell your existing home via Short Sale so you can shred the debt and buy a new home at a fantastic low price with amazing low 30 year fixed interest rates.  Or just be able to move on with your life and have some balance. As long as you continue to pay more for your existing home than it is worth, you will be saddled with debt that prevents you from moving on and taking advantage of future opportunities.
  •  
  • Take advantage of 2007 Mortgage Debit Relief Act before it's gone! It expires at the end of 2012. This is designed to prevent tax liability for the debt forgiven by your lender.

  • Get the debit off your neck so you can buy a new home at today's low interest and prices. So you can start building equity again from principal pay-down and appreciation with every monthly payment. This will allow you once again to build up a large amount of equity in 10 years rather then just trying to get back to where you were.

  • Real Estate has a long term cycle (10 plus years), get the lender to take the remaining loss so you can move on or buy back in more quickly while we are bouncing along the bottom and ride the market back up.
  • Our Short sales typically take us 8 to 12 months to complete from start to finish. During that time you can live in the home payment free.
  • Some lenders will approve seller relocation expenses. This can run from $3,000. to $40,000. For example we closed a short sale transaction for $245,000. sales price in the Springs in Rancho Marige, California on Oct 28, 2011 and the seller received a check for $30,000. at close.
  • What is a Strategic Short Sale?
  • A short sale is the gold standard exit strategy when you owe more on your property than it is worth. It allows you to sell the property even though you are upside down (have negative equity) even if you can afford to make the payments. It is a personal financial decision and not based on your ability to pay. You may wish to sell your property for any number of reasons such as change in job location, retiring, moving down, moving up, negative cash flow, or just don't choose to be an indentured servant to your the bank! Maybe you want to save some money for travel, retirement, to help a family member, or to pay for tuition for kids or grand kids. Maybe you want to build your estate to pass on to your heirs.  Maybe you want to just get the bank to take the remaining loss so you can move on or to buy a new home at a great rate and price so your monthly payments can result in principal pay down and equity build up from appreciation. In this case your short sale is a strategic short sale. Banks would prefer to hear about your hardships or not how you plan to get ahead in life. Everyone has hardships so those are the things to be put in your hardship letter, not your aspirations and dreams. 

Contact me, Steve Spiro today
for answers to your questions.

Steve@Asset-Liquidators.net
949 212-3492

Certified Short Sale Specialists 


WHY I AM YOUR BEST CHOICE TO HANDLE YOUR SHORT SALE

The real estate industry is in a learning curve. Nationwide only 30% of short sales are successful. I have been doing short sales for over 20 years. My team and I close almost 100% of our short sales. I am a certified short sale specialist.  I am one of the top short sale Realtor-Brokers in  California. I personally closed about 41 short sales in the last 12 months (from Nov 2010 to Oct 2011) per the Multiple Listing Service. That is an average of 3.4 short sales a month. It is critical that you choose a Realtor-Broker to handle your short sale that has extensive short sale experience to have a successful result. Many Agents will say they have short sale experience but farm out the critical negotiations with your lender to third parties or don't really have as extensive personal short sale experience as I do. This typically results in a failed short sale after many months of wasted time and effort leaving you facing foreclosure and unpaid debt without options.

For example I have a proven strategy for dealing with second lenders that refuse to accept the payoff amount offered from the first lender which would otherwise result in a failed short sale. Same for unpaid HOA dues and liens. I anticipate the problems and have a strategy in place for addressing them from the start of the long short sale process to the finish.

I am a foremost expert in my field on short sales and have a close working relationship with my Real Estate attorney and CPA team. We use cutting edge stratagies.  I have the required  contacts at the major lenders and a proven strategy for escalating files to my corporate contacts as needed to break any road blocks. I am one of a few selected brokers by Bank of America that has been authorized to use their short sale escalation tool. At Wells Fargo I have direct access to the top of short sale escalations.  

Please click here or on the Testimonials tab above to see how my other clients describe the service they have received from me and the results that I have achieved for them. You can expect to receive the same excellent service and results. No one should be foreclosed on. The personal help and customer service that you will receive from me is beyond what you will receive from others. Please call me directly any time for free no obligation information. I am available 7 days a week even after hours. I answer my phone unless I am on the other line.  I will be there for you to help you through the process from start to finish. Steve Spiro, Realtor/Principal Broker.

Contact me, Steve Spiro today
for answers to your questions.

Steve@Asset-Liquidators.net
949 212-3492

Certified Short Sale Specialists 


          

               
      

   

                Serving the State of California

                 

 

  

                      Certified Short Sale Specialists 

Nothing on this web site is shall be construed as legal or tax advice.

Free Short Sale Info

Orange County Short Sales

32 yrs exp. Call 949 212-3492

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