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Short Sell South Lake Tahoe California Real Estate.

 

Associated Press Oct 30, 2009: For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a "short sale."

 

  • Is your loan amount more than your homes' value?
  • Do you want to get out from under a bad loan?
  • Are you tired of throwing money down a bottomless pit?

If you answered yes to any of these questions then a short sale may be the right solution.  Investors are standing by that are buying homes in South Lake Tahoe.

FILL OUT THIS SHORT FORM TO FIND OUT IF YOUR PROPERTY QUALIFIES

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Who is your lender?  Are you behind?  List other information that may be helpful. 


(Example: Ocwen, 3 payments behind, Notice of default filed 11/03/08. Maximum 255 characters.)

All information collected is treated as strictly confidential and will only be used for the purposes of a foreclosure loss mitigation or short sale consultation. We will never sell your name to a third party marketer.  You agree to allow our consultants to call even if you are on the do not call list.

 

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What is a short sale and how does a short sale work?

Simply put, a short sale is when you sell your property for less than the mortgage amount - the lender forgives the difference.

If your property value in South Lake Tahoe is less than the amount you owe on your home, then it doesn't make much sense to continue owning that South Lake Tahoe home.  A third party South Lake Tahoe short sale buyer can make an offer to the bank to pay off your loan. 

Let's say you bought a South Lake Tahoe home in 2006 for $250,000 with 10% down.  Similar homes in South Lake Tahoe recently sold for $175,000.  You owe about $220,000.  Let's also assume your payments are $1700 per month and you could rent a similar home for $1200 per month.

A short sale buyer in South Lake Tahoe will make an offer to the bank to cash out the lender at a discount to the face value of the loan.  If it is accepted, you can walk away from the $220,000 debt and owe nothing. The bank relives you of the debt and does not show a foreclosure on your credit record.

Now instead of putting good money after bad and continuing to fund a losing investment, you can rent a home in South Lake Tahoe and save $500 per month.

 

What happens after I fill in the form?

Within seconds your request for a consultation is routed to investors that are buying homes in South Lake Tahoe or a real estate agent in South Lake Tahoe that can arrange a buyer for you.

You are under no obligation to sell and there is never a fee to you. 

 

 

 

 

 

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