Posted on Jan 15, 2013 in Roseville and Sacramento Short Sale FAQs

Hello everyone my name is Mark Peek with Keller Williams Realty in Roseville and Sacramento thank you for your time today. I use my blog to keep Roseville and Sacramento homeowners informed on their options for avoiding foreclosure and how to get out from under their mortgage debt. If you are struggling to pay your mortgage and ready to sell your home please browse my website or call my office to chat with an experienced agent today.

For my blog topic I wanted to talk about a recent short sale I closed through Specialized Loan Servicing and some unique aspects that made this very memorable. This particular Roseville and Sacramento home needed a fair amount of repairs in order to be lived in and luckily we were able to sell it as is. However, the market value of the home set by Specialized Loan Servicing was much higher than the actual value given the needed repairs which affected our negotiations. This property also had a federal tax lien on the property which had to be released before we could complete the short sale. In addition, this borrower was able to qualify for some relocation assistance which helped them find a new property to rent. This short sale took some extra work but this demonstrated the importance of showing the lender your true property value. If you are considering a short sale and your home needs significant repairs contact me to discuss the impact on your short sale.

For more information or to find out if a short sale is right for you visit my website and try my Short Or Stay Calculator today. This free tool will give you a real time assessment of what your home is worth currently and also under different recovery scenarios. Thank you for your time and I look forward to helping you with your Roseville and Sacramento real estate problems in the future.

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