Orange County Short Sales, Short Pays, Foreclosures
When a homeowner has to sell their home, and the proceeds from that sale are going to be less than what is owed the bank, then the homeowner's lender needs to approve of what is called a 'short sale'. 'Short' does not mean a short time, or a quick sale. Sellers, read more about short sales.
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Short Sales For Sale In North Orange County
419 Search Results Found. Showing Results 1 - 15.
MLS# P710669
MLS# P686233
MLS# P725177
MLS# P693134
MLS# P719540
MLS# P712549
MLS# S604620
MLS# P716326
MLS# P696163
MLS# S594834
MLS# P724424
MLS# P722756
MLS# P726208
MLS# P711195
MLS# S607385
If a listing displays "Short Sale/Subject to Lender Approval" then that listing has been identified by the seller and the listing broker as a "short sale". This
means that, at the listed price, the proceeds from the sale may not be adequate to pay all liens and costs of sale. Any offer made that does not fully cover
the existing amount(s) owed to the lienholder(s) plus the costs of sale could be subject to lienholder approval, which approval may be exercised at the sole
and exclusive discretion of the lienholder(s)."
The information being provided by SoCalMLS, CRISNet Regional MLS and/or CARETS is for the consumer’s personal, non-commercial use and may not
be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for
sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS, CRISNet Regional MLS and/or CARETS. This
web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and
should be personally verified through personal inspection by and/or with the appropriate professionals." The data contained herein is copyrighted by
SoCalMLS, CRISNet Regional MLS and/or CARETS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is
in violation of copyright laws and is strictly prohibited.
Copyright SoCalMLS®, CRISNet Regional MLS®, CARETS®
Data last updated 2010-03-22 05:44:43
Selling Your Home Via A Short Sale
If you are in a situation in which you can no longer afford your home, are behind in your home payments, are going into foreclosure, then a short sale may be the best option for you. Your bank might approve of a short sale because the option of the foreclosure process can cost them a lot of time and money. Banks usually get more proceeds from a short sale than a foreclosure sale.
In a proper short sale, the bank would get the proceeds from the sale, and you would be forgiven the rest of the debt owed on the home. You will avoid a foreclosure and the bad credit that goes with a foreclosure. The closing costs of the sale will be absorbed by the lender - including sales commissions -- so selling the home short will not cost you anything.
What's the catch? You do have to qualify for the short sale. You need to have a financial hardship that makes you unable to pay your mortgage. The lender will want to see all of your financial info including bank statements, tax returns, and paycheck stubs. Financial hardships would include things such as:
Loss of employment, or reduction in pay
Death of a spouse
Medical bills
Health issues that prevent you from working
Divorce
Job relocation.
The first step is to list your home for sale so that we can start the process. We use a professional negotiator that has a ton of experience in assisting us with the bank negotiations. We will obtain an offer quickly so that the short sale package can be sent to the bank, and so that you are not inconvenienced by a bunch of buyers traipsing through your home.
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