Save
Your Credit From Foreclosure!
Dan Miller will sell
your home fast, even if you have no equity.
Short Sale
In a normal sale, if a home’s worth less than the loan balance against it, the owner would have to bring a check to closing. Ouch! A ‘short sale’ is when a lender allows the sale of a home for less than the amount the lender is owed so the transfer can close without the owner paying a dime.
Lender Motivation
Why would a lender do this? Consider their alternative. If a lender does not accept a fair price for your no-equity home now, they will have to wait several months to get the property back at a Trustee Sale. Then they will have to list it with a Realtor and wait several more months to find a buyer. During these many months your lender has received NO PAYMENTS and the market has likely DROPPED FURTHER. Additionally, Federal banking rules require lenders to hold a certain amount of cash on hand for each non-performing asset (e.g. your home) they possess. The more cash they keep on hand, the less they can loan out, and the less profit they can make. This is why lenders are ECSTATIC when we bring a short sale opportunity to them.
Act Now
To keep a disastrous foreclosure off your credit, contact us within one month after receiving the first foreclosure notice so we have time to find a buyer and get your transaction closed before your Trustee Sale. If you haven't found a way to save your home after a full month of trying, you probably won't, so call us.
Dan Miller
760-505-7868
