What are the Alternatives to a Short Sale?

What are the Alternatives to a Short Sale?

-Make backup payments before the house goes to auction. If your home is worth less than it was when you bought it, making these payments is putting you deeper in the hole.-Filing bankruptcy. We do not advocate filing bankruptcy because bankruptcy plus a foreclosure on your record will severely harm your credit for at least 7 years.-Doing nothing. This will result in foreclosure. You can read more about the negative impacts of a short sale here and is not something we would advise.-Contact us. Allow our short sale experts to stall the foreclosure process, save your credit, keep you in your home (during the short sale process) and much more. Our real estate experts care about you and are ready to help you negotiate with your bank.  We will hold your hand through the process.To qualify for a short sale you need to provide proof of financial hardship and have an offer from a qualified buyer to purchase your home.See the financial hardship qualifications here.The real estate market is projected to continue falling through 2012 so most properties bought after 2003 are subject to being classified as distressed properties. If you are in danger of falling behind, let our short sale experts help you move forward.We sell the most homes in Costa Mesa, CA and have contacts with buyers throughout Orange County who are waiting for opportunities to buy and with our top marketing skills we excel in finding qualified buyers and placing them in homes.