Tagged : short sales

A Dana Point short sale home just been sold by San Clemente Real Estate agent Sam Smith who represented the seller in this real estate transaction.  24941 Seagate, Dana Point CA is located in the beautiful gated community of Waterford Point area and is considered one of the best values when looking for a home in a secure community and sold for $450,000.  The homes around the front perimeter of the community have wonderful ocean views while homes on the interior have great canyon and mountain views.  This short sale successfully closed by the short sale specialists at the Sam Smith Team.  Upstairs featured a wonderful open space with a large living & family room.  In addition, a separate dining and breakfast nook added to the upstairs living space. 

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We handle a lot of short sales and have been seeing a recent trend called "fishing."  Let me explain how this works and how banks are using this to get more money out of their short sales.  Let's say we have a home that is put on the market for $500,000 and an offer is received for the same amount of $500,000.  A short sale packet is sent to the bank which consists of the signed offer from the seller, the seller's hardship letter, last two months worth of bank statements and last two years of tax returns.  The bank then does their internal review of the property.  First, they order a BPO, or better known as an appraisal.  This appraisal is done for the banks purpose only to see what they think is market value of the home.   Once complete, the bank will

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A San Juan Capistrano short sale home has just been sold by Sam Smith of Beach Cities Real Estate.  The property was listed as a medical short sale where the seller had to sell due to a excessive medical expenses.  The short sale was expedited and sold within a two month period.   Sam Smith specializes in short sale properties and working with buyers and sellers in the short sale marketplace.  If you are thinking about short selling your home then please contact Sam for a free consultation of your home.  Not all home owners will qualify for a short sale so it's best to speak to a short sale expert to see if your qualifications meet the current banks standards.  If you do qualify then we explain the steps you would take in order to get the bank to approve…

If you are thinking that you are unable to pay your monthly mortgage and the market value of your home is a lot less than what you owe on it, then you may be a candidate to short sale your home with no expense to you, the homeowner.  We have sold many short sales in the San Clemente area and can walk you through, step by step, and show you how we can sucessfully sell your home at no expense to you.  Short Selling has become the best alternative than loan modifications that can cost you money with no guarantee results.  Please contact us at 949-291-0424 to see if you qualify to short sale your San Clemente home.