Posted on Jan 8, 2013 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. The topic today comes from homeowners wondering if they can short sell their property with a tenant living in it. You may have a rental property that you are upside down in and maybe you are in a position where you can’t pay that negative any longer. You may be considering a short sale. You may also be wondering if you can sell the property and leave the tenant in it. It is absolutely possible but it depends though if the tenant is cooperative and takes good care of the property. There is actually a pretty good chance that we could find a buyer that would leave that tenant in there. They can continue with their lease, the buyer would actually buy the property and it might be one of the easiest transactions you can possibly think of.

So a year or so ago, most of the buyers were owner occupied but this year, we’ve gotten lots of interest from investment companies or small investors who are looking to invest in real estate and with the pricing that we have right now, it makes a lot of sense. So it actually could be a win win situation. The tenant gets to stay, and you get relieved of having to throw good money away every month. You can complete a short sale and get it off your back. If you have any questions or you are considering a short sale, first of all I recommend the short or stay calculator and see how long it might take for you to break even. Again, I’m Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist. I’m here to answer any questions you may have about the short sale process. Give me a call and we can discuss your situation today. Thanks and have a great day.

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