San Diego Short Sales
A Short Sale allows people to sell their home for less than what they owe in order to help them avoid foreclosure. It is important to note that a short sale is not right for everyone.
With a Short Sale, it's possible to:
Contact Us now to discuss short sale with an experienced short sale expert. Do it today! You must act fast to save your credit and your family! Ideal candidates are the following:
With a Short Sale, it's possible to:
- Prevent Foreclosure
- Sell your home quickly and easily
- Avoid Judgment from the lender/bank for the attorneys fees, penalties & deficit balance
- Avoid an IRS Income Tax responsibility
- Become a homeowner again in as little as 12-48 months
- Lower your monthly payments by renting
- Eliminate your stress and start fresh
- Save your CREDIT - Little effect to your credit
- Pay NO commissions and NO closing costs
- Avoid Bankruptcy
Contact Us now to discuss short sale with an experienced short sale expert. Do it today! You must act fast to save your credit and your family! Ideal candidates are the following:
- Can't afford payments because a hardship.
- Have a high interest rate(s) or an adjustable rate mortgage that is going to recast
- You owe more than what the home is worth (type in your address below to see your zestimated value:
If you are having troubles with your payment(s), you are likely a good candidate. To be a good candidate and qualify for a short sale, the negotiator needs to be able to show the lender that you have a reason for not making the payment (a “hardship”) Even if you can not afford the payment(s) you originally agreed to and nothing has changed since then, we may still be able to work with you and the lender, There are many types of hardship and lenders are working with us every day to help you short sale your home.
Examples of hardships:
Act today. The most important factor in successfully helping you obtain a new, more affordable payment, is acting quickly. The earlier we get involved, the more options are available in our negotiation process with the lender(s).
It doesn’t matter if you are fearing that you will not be able to afford your payment(s). We will work with you to do whatever is possible in order for you to obtain a short sale and enjoy the continued benefits of the American dream. Time is of the essence… act now and save your home from foreclosure.
There are a number of alternative options that should be considered when you are facing trouble with your home. We have experts knowledgeable in each of these and our negotiators will consider options when developing possible solutions:
Pay Minimum on an Option Arm (Do nothing)
File Bankruptcy
Debt Consolidation Loans / Traditional Refinance
Debt Settlement Program
Before making this important decision, please Contact one of our Experts to explain your options.
Lyons Realty is a team of real estate professionals who help clients buy and sell homes in a traditional transaction. We are dedicated to helping homeowners prevent foreclosure through short sale. We are Short Sale Experts and are extremely knowledgeable in how to help homeowners overcome and rise above these difficult economic conditions.
Unfortunately we can’t help everyone, but if you qualify, we have a high closing ratio and a proven track record for success in negotiating a short sale and getting our clients out of their situation. A foreclosure is so much more damaging to your credit, your life and the effect will last for many years to come.
Lyons Realty offers a free assessment of your situation. If we can’t help you, we will tell you the truth and provide alternative options. Most importantly you will know ALL the options available to you. If we can help you, we will come up with the best strategy to get you back on the road to recovery. There is no charge to YOU the homeowner in a short sale; we are paid by the lender only upon completion. At the end of your transaction, we will help you transition into a rental and refer you into a credit repair program.
Experience has taught us that a person who faces foreclosure has been through some kind of change or difficulty and we find many people on the verge of walking away from their homes and doing nothing at all. There is a better way! We are here to listen, but most importantly, we are here to help. Time is of the essence; don’t wait until it’s too late.
Individual results may vary and are dependant on successful approval from lender.
Call us and schedule a no obligation interview with one of our short sale counselors to determine what we can do to help in your situation.
Examples of hardships:
- Family emergency. (Medical, Death, Divorce, Severe illness, Disability)
- Loss of job (pay cut, transfer or demotion)
- Decrease in income (Reduced pay due to lack of overtime or other cuts)
- Increase in families expenses
- Increase in mortgage payment due to an adjustable rate mortgage or option arm
- Business Failure
- Damage to Property
Act today. The most important factor in successfully helping you obtain a new, more affordable payment, is acting quickly. The earlier we get involved, the more options are available in our negotiation process with the lender(s).
It doesn’t matter if you are fearing that you will not be able to afford your payment(s). We will work with you to do whatever is possible in order for you to obtain a short sale and enjoy the continued benefits of the American dream. Time is of the essence… act now and save your home from foreclosure.
There are a number of alternative options that should be considered when you are facing trouble with your home. We have experts knowledgeable in each of these and our negotiators will consider options when developing possible solutions:
Pay Minimum on an Option Arm (Do nothing)
- Payments can range from as low as 1% to as high as 5% and rates can rise at any time.
- Stay in home until loan recasts and payments go up
- If you're just making the minimum payment, you aren't making a dent on your principal balance,
- If you've already stopped making payments, you are destroying your credit while not resolving any of your issues in the process.
File Bankruptcy
- Both Chapter 7 and Chapter 13 bankruptcy represent a severe negative impact on your credit for 7-10 years.
- Can cost between $2,500-$25,000 to file.
- May have a negative impact on your employment status.
- In a Chapter 13 filing, you may end up paying 75 - 100% of your debt back.
- Chapter 7 is much more difficult to qualify for under the new bankruptcy laws.
- May result in higher interest rates on future loans.
- Carries a negative stigma, mental stress, and other burdens.
- Bankruptcy is a 'last resort'.
- Chapter 13 completion rates average only 32%..
Debt Consolidation Loans / Traditional Refinance
- Need to qualify first.
- Requires equity in Real Estate property or a pledge of collateral, ability to prove income and good credit.
- Home Equity loan reduces future equity available in your property.
- Consolidates your debt.
- Missing payments could cause you to lose your home or the collateral you pledged.
- A transaction fee is usually required upon closing or is built into the interest rates.
- Payback can be 10-30 years depending on debt balance and ability to pay back loan.
- You will pay back the full amount of debt balances plus interest.
Debt Settlement Program
- Companies are independent and not affiliated with your creditors, and thus, are working for your best interests.
- Fees are rolled into the program and are spread out over time, usually 12-24 months, depending on the length of the program.
- Client's debt is paid off in anywhere from 12 - 48 months depending on cash availability.
- Will receive an 'open delinquency' on your credit until debts are settled.
- Lowers your debt to income ratio more quickly than Consumer Credit Counseling, which represents a significant factor in your ability to quality for a loan.
- You may typically end up paying only up to 50%* of your outstanding balance.
- Negative impact on your credit
Before making this important decision, please Contact one of our Experts to explain your options.
Lyons Realty is a team of real estate professionals who help clients buy and sell homes in a traditional transaction. We are dedicated to helping homeowners prevent foreclosure through short sale. We are Short Sale Experts and are extremely knowledgeable in how to help homeowners overcome and rise above these difficult economic conditions.
Unfortunately we can’t help everyone, but if you qualify, we have a high closing ratio and a proven track record for success in negotiating a short sale and getting our clients out of their situation. A foreclosure is so much more damaging to your credit, your life and the effect will last for many years to come.
Lyons Realty offers a free assessment of your situation. If we can’t help you, we will tell you the truth and provide alternative options. Most importantly you will know ALL the options available to you. If we can help you, we will come up with the best strategy to get you back on the road to recovery. There is no charge to YOU the homeowner in a short sale; we are paid by the lender only upon completion. At the end of your transaction, we will help you transition into a rental and refer you into a credit repair program.
Experience has taught us that a person who faces foreclosure has been through some kind of change or difficulty and we find many people on the verge of walking away from their homes and doing nothing at all. There is a better way! We are here to listen, but most importantly, we are here to help. Time is of the essence; don’t wait until it’s too late.
Individual results may vary and are dependant on successful approval from lender.
Call us and schedule a no obligation interview with one of our short sale counselors to determine what we can do to help in your situation.
