The fast answer is
nothing. That’s right, all real estate commissions, escrow fees, title
insurance and other related closing costs are paid for by others. When I say
others I mean either by the bank or the buyer.
Now let’s qualify that
for a minute. While it is true the bank pays the commissions and most of the
closing costs the seller remains responsible for some costs during the
transaction. As a rule banks are reluctant to pay for unpaid or past due
utility charges that are not a part of the tax bill. They also push back pretty
hard on HOA fees and other related expenses.
What we require from our
sellers is for them to remain current on the county utilities – water, sewer
and garbage as well as the HOA fees. If doing so is an extreme hardship we work
out other arraignments.
We also ask the seller
to maintain the property especially if vacant. Mow the yards, take out the
trash but for the most part that’s it.
Think about. In a West Sacramento Short Sale, if you choose to not
make a house payment during the process, you have the opportunity to live rent
free for 4-6 months, often longer, walk away from all the of debt and your only
expense is HOA fees, utilities and keeping the property maintained. If you owe
more than your home is worth it just makes sense to explore your options.
Is a West Sacramento Short Sale Right for Me?
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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