Posted on Oct 27, 2012 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mike Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. I want to talk to you today about recent success with a Wells Fargo first lien and second lien that was a line of credit short sale. What was really nice about this was not only were these folks underwater by let’s say the property value was half of what their mortgage was with both liens together. Not only that but these folks stayed current on their mortgage. they stayed current and I got the short sale approved on the first and the second lien and we are scheduled to close in a couple of weeks. So if you have a situation and you feel like you want to do a short sale and you want to be current, give me a call and I can talk you through it and see if you might qualify to get your short sale approved while staying current on your payments.

some of you may be wondering what the advantages are to staying current on your payments. Well, the advantages are first of all, if you don’t miss any payments, then your credit score isn’t going to be dinged as much as if you did. the real advantage is this, if you have a special hardship that can qualify for this, then you can potentially purchase another property right after the short sale closes. That’s pretty powerful because not only can you get rid of underwater debt, you can become a buyer in this market. Please give me a call and let me know of any questions you might have and we can see if you might qualify for a short sale where you can stay current on your payments and buy again right away. Again, I’m Mark Peek with Keller Williams, your Roseville and Sacramento short sale specialist. Please contact me today and I can help you decide if a short sale is right for you.

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