High-End East Bay communities like Danville, Alamo, Lafayette, and Montclair are filled with underwater homeowners who used option-arm, alt-a, and short-term-interest-only loans to finance their expensive homes. Now, with HAMP and the other “extend-and-pretend” programs mostly behind us, and with home prices and the economic recovery clearly fading, it is time for thousands more Bay Area homeowners to face the music. For most, a short sale is the best way out of an ugly situation.
The age of the high-end short sale is upon us.
Learning How Short Sales Work
Homeowners considering a short sale have had a couple of problems:
- There hasn’t been any place to go to get accurate information about short sales
- Many local agents out there don’t know enough about the process to give good advice
Not anymore. Today I’ve launched a new page called How Short Sales Work. It details the entire process, including:
Marketing and Selling a Short Sale
Submitting a Short Sale Package
The Short Sale Bank Approval Process
The Short Sale Escrow Process and Close
Credit, Collections, and Tax Consequences
Why trust me?
I’ve been doing short sales for nearly five years now. When short sales first starting showing up in places like Danville, San Ramon, and Alamo, the other agents in my office came to me for help with how to handle them. I’m the guy that taught a lot of other agents in the area how to process short sales.
If you live in the Bay Area and have questions or would like to request a consultation, please email me or call me at 925-212-2908.
January 9, 2011 at 9:49 pm
This a good training even for new agents that haven’t sold their first property. Many clients complain about their experience when buying a home in foreclosure or in a short sale. This is just the lack of knowledge on the topic.
May 25, 2011 at 11:08 am
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