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Wednesday, August 15, 2012

West Sacramento Short Sale FAQ III

Today let's talk about Frequently Asked Questions III
 

So here we go on our third session on West Sacramento Short Sale Frequently Asked Questions. Again we will give only the quick readers digest version to the most popular West Sacramento Short Sale FAQ's but know that chances are real strong we have a full blown session dedicated to nearly every West Sacramento Short Sale FAQ. So let's jump right back in.

Can I Short Sale my West Sacramento home and stay rent it back? The answer is maybe. Most lenders require you to vacate the property but under the new HAFA guidelines there are certain circumstances where you could stay. Call me for details because it is pretty complex and not all sellers will qualify.

My situation is temporary. Do I have to Short Sale? Heck no, there are a number of programs through Keep Your Home California designed to assist low and moderate income homeowners in California with a temporary need.

Why shouldn't I just deed my property over to someone and avoid the hassle of a West Sacramento Short Sale? WOW -- VERY Dangerous. Among other things, you are still liable for the debt. If the new owner defaults it will be you who suffers the negative impact not the person you deeded the property to.

My property is in bad shape and I can't afford to repair it. Can I still do a West Sacramento Short Sale? Yes you can. West Sacramento Short Sales are for the most part "as-is" sales. We price the property accordingly.

After a West Sacramento Short Sale, how long will it be before I can buy again? Depending on the rest of your credit and issues like debt to income ratio, generally 2-3 years. If you are current and moving more than 90 miles away, you can buy immediately.

Is a West Sacramento Short Sale Right for Me? Give me a call and we can discuss your particular situation.

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you'll be glad you did

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