This is a great question for homeowners that are thinking there is a no difference. 
Yes, there is and your credit is the first to feel the difference! Foreclosures linger around on your credit - after it has slapped your credit around and decreased the number - with a huge hit. Short sales - well there are some differences in how your credit is rated, how long you have to wait to purchase another home and really... how you feel about how you handled the situation.
Think twice before you just let it go to foreclosure.
In doubt and in the Central Valley - call the Mother and Daughter Realty Team 866-543-0461
Which Would You Rather Have on Your Credit Report?
“Foreclosure,” or “paid as agreed for less than balance owed.”
This is the difference between foreclosure and short sale. Many homeowners have security clearance which would affect their job if they were to let their home go to foreclosure.
Some agents think it doesn’t think it doesn’t matter. Just let the home go to foreclosure because in their mind it’s not going to matter later. These are the lazy agents whose negative opinion about short sales may not be in a homeowner’s best interest. Maybe it’s because they don’t know how to do short sales, or they don’t want to take the time and patience to learn.
If you want to avoid foreclosure, a short sale is an option that saves your credit report from “foreclosure.” A short sale also gives a homeowner peace of mind that they “sold” their home and didn’t just walk away. The only difference between a standard sale and short sale is that “price, terms and conditions are subject to lender approval.”
If you want a hardworking short sale agent, who has been selling short sales since the mortgage meltdown, please contact me direct 951.491.4063 for a free consultation and no obligation.
There is life after short salePamela Seley, REALTOR®
Short Sale Resource | CA DRE lic # 01824145
www.searchtemeculavalleyhomes.com | Dir 951.491.4063 |Serving Southwest Riverside County California| Temecula, Murrieta, Menifee, Winchester, Lake Elsinore, Canyon Lake, Corona, Wildomar | Temecula short sale agent
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What is an Arm's Length Affidavit?
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Pamela Seley, REALTOR® has helped homeowners in SW Riverside and San Bernardino Counties, California, by negotiating short payoffs with the following lenders and servicers:Bank of America * Chase * CitiMortgage * EMC Mortgage * GMAC * HSBC * Indymac (now known as, One West Bank) * Midland Mortgage * SLS Specialized Lending Servicing, LLC * Wachovia Mortgage * Wells Fargo * World Savings Bank
All information deemed reliable, but not guaranteed. Copyright © 2009-2011 by Pamela Seley, REALTOR® | CA DRE Lic # 01824145
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EMBARCADERO INVESTMENTS - the Real Estate Company
the Mother and Daughter Realty Team
Rosemary Brooks
(DRE # 01336351) Realtist, CDPE, HRC, CDSP, REO & HUD Certified
D'Adrea Davie
(DRE# 01510971) Realtist, CDPE, HRC, CDSP, REO & HUD Certified
We have joined forces with other real estate professionals to help get the word out to homeowners - on how to exercise their options.
Ofc: 866-543-0461 Msg: 209-910-3706 Fax: 209-762-6971
EMAIL: motheranddaughterrealtyteam@gmail.com /REO Website: www.centralvalleyreos.com
WEBSITES: www.motheranddaughterrealtyteam.net & www.shortsales-HAFA.co
Do you need a Central Valley Short Sale Specialist? If you have any questions or would like to discuss any real estate related issue please contact the Mother and Daughter Realty Team at (209) 910-3706 or complete our Contact Form.
Rosemary Brooks & daughter, D'Adrea Davie - The Mother and Daughter Realty Team specializes San Joaquin Central Valley, Stockton real estate, Homes for Sale, Housing: Stockton short sales, Lathrop short sales, Tracy short sales, Manteca short sales, Lodi short sales, Mountain House short sales, Salida short sales, Ripon short sales and Modesto short sales.
ATTENTION CENTRAL VALLEY HOMEOWNERS:
We can help you with a Short Sale if you are in a situation of
*Pre-Foreclosure *Hardship *Job Lost *Reduced Income *Divorce *Upside down on Equity *Can't afford Mortgage *Unexpected Medical Expenses * Can't Refinance * Failed/Denied HAMP Loan Modification * Other
Some of the BENEFITS OF A SHORT SALE
*Avoid Foreclosure *Reduced damage to your credit *Free of financial burdens * Relief of the stress * Possible incentive from HAFA (Home Affordable Foreclosure Alternative)
ASK me about - WACHOVIA FASTTRACK SHORT SALES
It is an EASY, NO Stress & FAST way to get an APPROVED - Short Sale
WE SELL REOs & HUD HOMES
Homeownership matters... What is the Five Point Plan?
WHAT IS A REALTIST?
- A REALTIST is dedicated to bringing together the nation's African American professionals in the real estate industry to promote the meaningful exchange of ideas about our business and how to best serve our clientele
- A REALTIST is dedicated to enhance the economic improvement of its fellow members and the minority communities we serve.
- A REALTIST believes in "Democracy in Housing" - the principle that all citizens have the right to equal housing opportunities, regardless of race, creed, or color.
- A REALTIST believes in preserving the rights of all Americans to homeownership and is dedicated to serve the unserved and underserved by developing creative and effective methods of doing so.
- A REALTIST is dedicated to deal fairly and justly with all matters of their profession.
Central Valley Realtist Association(CVRA) / NAREB / CAREB
www.centralvalleyrealtist.com / www.nareb.com / www.CAREB.org
Serving the Central Valley, Stanislaus & Bay Area
Disclaimer: The information provided above or on our websites or other social medias should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified Real Estate Professional, attorney, and tax expert.
Federal Government Disclaimer (MARS)
(1.) You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
(2.) Rosemary Brooks & D'Adrea Davie of Embarcadero Investments are not associated with the government, and our service is not approved by the government or your lender; and
(3.) Even if you accept this offer and use our service, your lender may not agree to change your loan.
The short sale process has changed so much over the last year and now it is impartive that we keep up with the new updates. Not only do we have to keep up with the updates for the short sale process, but for each lender that we deal with. You have to walk pretty fast to keep up.
You do need to be ready in all senses of the word. Be ready to follow a few important rules. Attention buyers that are in the process of purchasing a home or even thinking about it: Here are few tips - especially for First Time Home Buyers: