Monthly Archives: July 2010

What is a Short sale.

What is a Short Sale?

How Does it Benefit me.

A short sale is when the lender agrees to take less than what is owed on the property.

How does this benefit Me!

This  Benefits you because if you are upside down on your home it is a way to get out from underneath that debt. Start fresh in a sense.

Will I be responsible for  what is deficient!!

In other words do I have to pay any thing back to the bank!!

In most case I can negotiate a release of deficiency. I am successful in 95% of the Short Sales I do. Call for more details

How does this affect my credit!!

This is a minimal hit to your credit compared to a foreclosure or bankruptcy.  It is usually less than 200 credit points. A foreclosure or bankruptcy is usually 400 point or more.

Will I be able to purchase another home right away.

It depends on how it is reported on your credit. More than likely you will have to wait two years before you can qualify for a Fannie Mae insured loan. The flip side of this is if you go through a foreclosure you will have to wait 5-7 years.

Can I Short Sale if my home is in foreclosure!

Absolutely!! The difference is Time is of the essence. We are working against a time clock now. There is a real good chance we can get the process postponed. However we need enough time to get all of the lenders required paper work into the correct people.

What is the process of a Short Sale!!

The process is a little complex, but I have a system to simplify the process. We would meet to see if you qualify. If you do I would need to gather some of your paper work, discuss a plan of action and get in contact with your bank. This process takes a little time , but is essential.

How much does it cost to Short Sale!!

The cost for you is free!! All of my fees are paid by the bank.

Call Now! 951-543-3830

How do I start!!

The  first step is to pick up the phone and call me!!

You can reach me at 951-543-3830 or you can email me at

Tyler Mezzanatto * Realtor



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Posted by on July 29, 2010 in Uncategorized