Orange County Short Sale Experts & Specialists
With an uncertain housing market, it is often in the financial interests of a lender to accept a negotiated settlement rather than incur the costs of a prolonged foreclosure process. And if a lender does repossess a property, they could continue to incur costs for months in order to maintain the property while they try and sell it. An Orange County short sale expert can assist you in determining if a short sale is a practical and cost saving alternative for all parties involved.
A financial hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are: Separation or Divorce, Medical Bills, Inability to work due to health reasons, Death of Spouse, Job Relocation, Reduced Income or Unemployment, Business Failure, Adjustment in mortgage payment or unforeseen increase in living expenses. There are additional hardships, as an Orange County Short Sale specialist we can help you determine if you have a valid hardship.
Some lenders will accept a Short Sale file for approval on loans that are not delinquent. Other lenders will not accept the file until the loan is delinquent. We can put your Short Sale file together within a couple of days and submit it for approval. (Remember, there is no charge for this). That is the best way to determine if your lender will accept a file for approval on a loan that is current. Orange County Short Sale Information & Assistance
