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Why A Lender Might Accept A Short Sale

While most lenders will not be thrilled at the prospect of a short sale they are acutely aware that a foreclosure is usually a far more time consuming and costly option. In a real estate market where housing values are going down it is in the best interests of the lender to liquidate their problem loans as quickly as possible.

With a short sale a property can be sold and the loan taken off their books fairly quickly. If they pursue a foreclosure they run the risk of the process taking a substantial amount of time during which the value of the property is depreciating. Also, buyers will tend to write low ball offers when they know that a bank or lending institution owns the property. The property will also be left vacant which can result in vandalism and deterioration. Some owners will even gut the house just before the foreclosure sale as a way to ‘get back’ at the lender. This is illegal but nonetheless happens on occasion. So, you can see why a lender might want to go the short sale route and get the loan off of their books with minimal hassle.

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Posted by on February 9, 2011 in Uncategorized


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



Lic# 01255165

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Posted by on July 29, 2010 in Uncategorized


What are the Advantages of a Short Sale ?

1.) Less Damaging to Credit Rating: A Foreclosure will severely damage ones credit rating for 7 years, but a Short Sale is less damaging and its effect does not last as long.

2.) Major Banks are Encouraging Short Sales over Foreclosure: Fannie Mae (FNMA) recently changed their underwriting policy so that a past home owner now has to wait 5 years after a Foreclosure before FNMA will underwrite a new loan. If the homeowner conducted a Short Sale the wait time is just 2 Years! Freddie Mac also offers participating Banks a $1,500 incentive to conduct a Short Sale versus Foreclosure.

3.) Probable Relief from HELOC 2nd Mortgage: When the 1st Mortgage Bank forecloses, the 2nd TD HELOC loan is not deleted from your debt. The 2nd TD HELOC Mortgage Bank may take legal means to collect their debt after the Foreclosure. With a Short Sale, we negotiate with both lenders to highly reduce or totally eliminate the HELOC loan debt.

4.) Dignified Solution: With a Short Sale, we sell your home just like your neighbors have done. It’s a dignified resolution to a tough situation. On the other hand, after a Foreclosure, a Sheriff performs a lock out, the grass turns brown, and a Bank Sales Rep places ‘Bank Foreclosure For Sale’ signs in front of the property for your neighbors to see.

5.) Much Shorter Delay to Renewed Loan Worthiness:   We have established an association with a National Credit Restoration firm. This firm has been able to make major improvements to the credit ratings of our past short sale clients, within months. But they have extreme difficulty in making improvements to damaged on credit reports resulting from Foreclosure.

6.) “Cash for Cooperation”: Some of the banks we work with are now offering home owners a Cash incentive in order to  Cooperate with a short sale, versus allowing the property to be Foreclosed on by the Bank.  Which Banks and amount of Cash offered, is on a case by case basis.

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Posted by on February 10, 2010 in Uncategorized


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What is a Short Sale!!!!

A short sale is when your lender agrees to take less than what is owed on the property. This is about 65% of  our market place today. You are not alone.

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Posted by on February 10, 2010 in Uncategorized


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