Posted on Aug 1, 2012 in Roseville and Sacramento Short Sale FAQs

Hi everyone this is Mark Peek at Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. I wanted to talk to you today about what to do if you have had a spouse pass away and they were on the title and you do not have a trust. Many people will tell you that you have to do a probate sale. Well that is not necessarily the case all the time; there may be an opportunity to avoid probate in such a case. Sometimes we can get away with filing what’s called an affidavit of death. An affidavit of death will go to the surviving trustee. So it depends on how you held title, you may be able to complete a short sale without having to incur the expenses of a probate attorney and a probate sale.

So if you are in that position and you need some help on your underwater mortgage, give me a call. I would be happy to discuss it with you. I can also have my title officer take a look at your file, verify how you held title and then see if we can get around the probate. I’m willing to do whatever I can to help. I know that in a death situation there are a lot of expenses so if you want to complete a short sale to avoid a foreclosure or you want to try and minimize all of your costs as possible. So if you have any questions, feel free to give me a call, I’m happy to help. Also you can hit start here at the top of the page, enter in your information and I can follow up with you. Also if you are wondering if your home is an asset or how long it’s going to take to become an asset again, you can enter in your property address and find out what the current approximate value is and how long it’s going to take for you to break even and how much it’s going to cost you. Then you can make a decision whether or not a short sale is in your best interest. Again, this is Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist and I’m here to help. Thanks and have a good day.

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