Why should I care about my
public record, my credit is ruined anyway? 
Prospective employers check public record items through credit reporting agencies and can reject your job application if you have negative public record items. 

What if I don’t care about my
public record or being turned down for a job application based on negative information in my public record? 
If you do nothing and let the lender foreclose on you, the lender could possibly come after you for a deficiency balance judgment. The Home Owners Association will also persue a claim against you for the unpaid balances  on the dues with
a small claims court judgment. 
There is a high risk of your wages bieng garnished. If your employer receives more than one wage garnishment from a judgment creditor, they could terminate your employment based on that.

You have options.
If you exercise your options, you can minimize the financial damage of your situation if you are facing foreclosure. By utilizing a highly skilled team such as ours, at no cost to you, we can help you  avoid the foreclosure and any deficiency judgments that would have resulted.

 I have received a Notice of Default letter. How long do I have before the bank forecloses?
,  In California in as little as 90 days after the Notice of Default is filed, the lender can file a Notice of Sale. 21 days later, your home can be sold at the court house steps.Then they can file an Unlawful Detainer to evict you from the property. The sheriff will come  and evict you, you will not be allowed  in the home to remove your belongings,  except by appointment within the following 10 days.

Will a Short Sale reduce the amount
of free time left in the property?

Not necessarily, in many cases the exact opposite  occurs. Once the Short Sale process is started, most lenders will stop the foreclosure process and put it on hold. The Short Sale procedure is  tedious and complicated and takes a good amount of time for us to negotiate your home  sale and  loan pay off and relieve you of your mortgage obligations. In our experience, we can often extend the amount of time you have in your home without paying by initiating and processing your Short Sale. It is possible to rent back your property if the new buyer is an investor.  in this case you won't have to move.

Do I have to qualify for a Short Sale? 
NO, all sellers qualify for the Short Sale method of selling a home.


How do I start the Short Sale process?
By listing your property with us to get the process started. Our listing agreement specifically states that you will not have any cost in the transaction and the sale is subject to you being released from all further liability for the loans, secured property taxes and HOA dues.

What happens next?
Members of our team will contact you as needed to obtain any additional information we need from you. We will coordinate with you to get your home sold and the lender to accept the net sale proceeds. It will not be difficult to find a buyer for you home, so you will  only be inconvenienced for a short period of time for the showing. Once that is done, the negotiating time  with the lender can be lengthy-but that is good for you because you get to stay in the home longer. We will try to make this transition for you as easy as possible. 

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What if I have more than one loan
and/or Fed and State tax liens?
Not a  problem, we will negotiate with each lender and the IRS in an effort to remove the tax lien(s) from the home to allow the sale. In most case this does not present a problem for us. 

 Are there tax consequences from a Short Sale?
Tax consequences could occur, similar to a foreclosure. Please consult your own tax professional to find out your particular tax treatment 
in a Short Sale. Ask your tax specialist about exemptions that you may qualify for. Please see our tab on Taxes/Resources for more information. 

Does the property have to be owner occupied to do a Short Sale? 
No,  the Short Sales procedure is available to owner occupied and investment homes.