Do I have to have a Hardship to do a West Sacramento Short Sale?

Many times we get asked that very question. When West Sacramento short sales first came on the scene in 2007 the lenders, investors and servicers were certainly looking hard at whether or not the borrower hard a bonafied hardship, be it job loss, death in the family, divorce or any other number of hardships before they would even consider a West Sacramento short sale.

  

Today the market is very much different with the only real hardship being the property is 30%, 40& or even 50% or more upside down with little or no chance of the West Sacramento property ever being worth what you paid for it. The investors are looking at one thing and one thing only – and that is where I will lose the least amount of money – West Sacramento foreclosure or West Sacramentoshort sale. If the answer is West Sacramentoshort sale, the lender will consider and approve the West Sacramento sale. If the answer is West Sacramento foreclosure they will foreclose, pure and simple. You see it’s all about the money, always has been always will be. No matter how much the government gets involved, the banks, servicers and investors are private for profit companies whose only responsibility is to the Board of Directors and shareholders.

So to answer the question outright, the only hardship you need to have to short sale in West Sacramento is you owe more than your home is worth and you have decided to no longer live there. Period. I can tell you of numerous cases where we have helped good families with good jobs and plenty of income to continue to make the payments successfully complete a shortsale, walk away from the unpaid balance with no obligation to repay the unpaid balance and avoid paying income tax on the forgiven debt. Call me today for a free no obligation consultation. Call me today and sleep better tonight, you’ll be glad you did