We have been busy doing a lot of brainstorming, planning and a little bit of “house cleaning”.
Now we’re ready to get going! This is the first real post on this blog to introduce what we’re doing here and set the tone.
After many boom years in real estate came the storm.
Housing values crashed and most of us in Sacramento who bought homes since around 2002 are now overleveraged — our mortgages are higher than the value of the property — we’re “upside down” or “underwater” (depending on which image you like).
Over the last couple of years, Angel Lynn has become quite a short sale specialist - helping overleveraged borrowers like yourself cut your losses, salvage your credit and avoid foreclosure. She closed over 60 short sale transactions in 2008!
This blog was born to discuss ways to survive the real estate storm and cut your losses by 1) modifying your loan and staying in the house or 2) short selling your house and safely walking away owning nothing to the bank.
We’ll talk about not only short sales, but loan workouts/modifications, the foreclosure process, credit repair, real estate and local news, real estate tips and advice, real estate blogging and marketing, and whatever else comes to mind…
What is a Short Sale?
A short sale is when we negotiate with your bank to allow a sale for less than your mortgage balance to reflect the declining market value.
It works for the lender because they save time and end up losing much less money than going through the lengthy and costly foreclosure process… only to end up with your house and try to sell it themselves in a still declining real estate market.
Main Benefits of a Short Sale:
- Avoid Foreclosure and Salvage Your Credit - a short sale does not mess up your credit history nearly as much as a foreclosure. Often times you can repair your credit and be in position to buy again in a year or two.
- Feel Good You Didn’t “Just Walk Away” - you are doing the responsible thing by seeking to minimize the losses to your lender, instead of just bailing on the contract you signed.
- Settle Your Mortgage Debt And Owe Nothing More - as part of the negotiation process we strive to get you completely “off the hook” and settled without owning a penny more. Cut your losses and walk away the right way!
The best part… ITS FREE TO YOU!
Yes, the bank actually pays our commission. And unlike some agents we DO NOT charge you anything upfront and take all the risk.
That’s because…
Angel Lynn is The Top Short Sale Real Estate Agent in Sacramento!
Angel’s team closed over 60 transactions last year with almost 90% closing ratio!
Until recently most short sale specializing real estate agents have been lucky to close 30% of their short sales!
If you chose to work with us, you will be working with one of the top short sale teams in Sacramento.
Short Sales Are Getting Easier, But…
The banks are finally starting to work with us more. They are beginning to see the value in cutting their losses too. It’s really a win for all sides.
Still, a short sale is NOT your typical real estate transaction.
Short sales take a lot of (stressful) work. Nobody likes to lose money and it takes a skillful negotiator to make everybody happy.
Having a proven track record of closing short sales and pre-established lender relationships is key!
Many real estate agents will make big promises… watch out!
The Goal for My Short Sale Angel .com
We want to take our real estate service to a whole new level with a dedicated educational website and daily blog about short sales…
To give you the most accurate, honest, trustworthy, easy-to-understand information in making the best decision on cutting your losses, saving your credit, avoiding foreclosure and making sure you feel comfortable during the entire process!
Lets backup for a moment…
First, Lets Start With A Loan Modification!
Before you’re ready to short sale your house you may want to try to keep it.
Most people do.
You may be able to negotiate something with the bank to lower your payments and catchup if you’re behind.
Although still rare, some lenders may even reduce your mortgage balance down to match your declining property value (also known as a “cram down”.)
It may or may not work… depending on your situation, income, expenses, etc.
The government wants to help you too… or so they keep promising. You hear about all these “foreclosure prevention” programs on the news… almost every week, right?
The problem:
There is a lot of confusion in the market place.
We want to solve that with this site by bringing you the latest news and digesting it for you so you can actually understand what’s going on!
A Word of Caution:
There are many “sharks” and “vultures” preying on desperate home-owners ready to take your money and run… or charge you thousands of dollars for something you can do yourself.
We’re going to show you how to do your own loan modification
Or,
How to hire a trustworthy loan modification company to work on your behalf.
And again…
We Will NEVER Pressure You To Sell Your House Before You Are Fully Ready!
Want to keep your house?
Great!
Plan A: we’ll do everything in our power to help you keep your home with a loan workout or loan modification.
Then,
Plan B: once you’re ready, we’ll handle the short sale for you, and hold your hand through the entire process!
Angel’s slogan is “When Relationships Count Most”.
That’s what we truly believe around here!
Feel Free to ask Questions and Share!
Angel and the rest of us would love to hear from you.
That’s what the comment section is for below. Lets have a conversation!
