West Sacramento Short Sale Information – Do I have to miss a payment?

West Sacramento Short Sale Specialist, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Agent Mike Rigley here bringing you the latest West Sacramento Short Sale Information. Thank you for joining us.

In a Bank of America West Sacramento Short Sale – Do I have to miss a payment? Great question and as is usually on a Bank of America Short Sale, the answer is maybe. Once again, Bank of America, as is the case with many of the lenders are usually just the servicer on the loan. They don’t actually own it. The determination of whether you have to be late on not on a Bank of America Short Sale usually depends on the lenders guidelines.

For the most part you can get the Bank of America Short Sale done and not miss a payment. Recently both Fannie and Freddie revised their guidelines to “Being in default or eminent risk of default”.

Deciding to stay current or not will pay into how long it takes before you can buy again. There are now programs out there that will allow you to buy right away providing you did not miss a payment. If your intention is to get right back into West Sacramento Real Estate then before starting the West Sacramento Short Sale process, talk to a qualified lender to find out exactly what the guidelines are for buying after the Bank of America Short Sale.

The short answer is – yes you can complete a Bank of America Short Sale and stay current on your mortgage

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

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.