ShortSaleSettlements.com | We Negotiate. You Settle.

1-888-504-6572
  ShortSaleSettlements.com | Learn Your Options. Short Sale Help. Click Here. Realtors. Join Here. FAQ | How It Works Contact Us

Short Sale Agents Dedicated to Serving You

Listed below are Real Estate Agents serving California. These Agents Represent many of the Major Real Estate Companies of the World. Our Agents are Full Time Professionals, dedicated to ensuring Your Best Interests are Represented every step of the way!

When you find an Agent you like, simply click the "Contact This Agent" button to open a conversation with the Agent. This in no way obligates you to work with this agent, but offers you an Opportunity to Understand how this Agent may Serve You in your Sale, Purchase or Relocation.

Prudential California Realty - Michelle Capozzoli


Contact:
Michelle Capozzoli

Title: Realtor
License Type: GRE
Years in Business: 3 Years

Company Address:
Prudential California Realty John Aaroe Division
4061 Laurel Canyon Blvd
Studio City, CA 91604
US

Cities / Areas Served:
Pasadena, Glendale, Montrose, La Crescenta, Sunland/Tujunga, La Canada, Studio City, North Hollywood, Tuluca Lake, Burbank

Specialties:
Residential Single Family - New Construction and Resale + Condominiums, Townhomes and Loft Living.

Bio:
From the San Gabriel’s to the Valley I will service you!

I understand that the most important part of the real estate equation is not just the home but it's about the people and the families whose lives are impacted during this important transaction. I am driven to reach new heights in quality experience, commitment, hard work, results and integrity.

I will deliver a higher standard of service - Please contact me today!

 

Bankers Hill Properties - Jim Beitzel


Contact:
Jim Beitzel

Title: Realtor/Advisor
Years in Business: 15

Company Address:
Bankers Hill Properties
2670 Fifth Avenue
(near Balboa Park entrance)
San Diego, CA 92103
US

Cities / Areas Served:
San Diego, Downtown, Ball Park/East Village, Bankers Hill, Mission Hills, Hillcrest, North Park, South Park, University Heights, Normal Heights, Kensington, Beach Cities,Encinitas, Carlsbad, Rancho Bernardo, Serrento Valley,

Professional/Personal Distinctions:
Member San Diego Association of Realtors, California Association of Realtors, NAtional Association of Realtors. Member Greater San Diego Business Assoiciation (GSDBA)

Specialties:
Relocation, Tailored Marketing for sellers, Real Estate Planning for buyers, first time buyers, veteran buyers, residential investments.

Bio:
I take pride in sharing my experience as a award winning Realtor and advisor for more than 15 years and I am honored by great client loyalty. My approach is tailored, personal and hands on and often a little outside the box.  As a transplant to San Diego myself from San Francisco, I have experienced the fun and frustrations of learning about San Diego's diverse and not so diverse communities. Bankers Hill Properties is "family" owned and operated and has been a refreshing, comfortable and respected choice for many years. It is a great place for me to work. Come discover me and us. Welcome!
Avoid Foreclosure. Get FREE Short Sale Help!

Get Short Sale & Foreclosure Help

Quick Links

 

Short Sale & Foreclosure Videos

California Find Your Location Learn Your Foreclosure Options Foreclosure Timeline Foreclosure Crisis. Learn Your Options.
Nevada Las Vegas, NV Mortgage Debt Forgiveness Act of 2007 Homeowner Help Hotline The Short Sale & Foreclosure Negotiator
Florida Tampa, FL How To Succeed at Short Sales Purchase Short Sale Property Short Sale Your Property: Avoid Foreclosure
Colorado Los Angeles, CA Buying a Home in a Short Sale Foreclosure. The Simple Facts Beware of Foreclosure Scams
Pennsylvania Phoenix, AZ Short Sale 101 What is a Short Sale? Foreclosure Help & Counseling
Maryland Washington, D.C. Top 10 Short Sale Tips for Purchasers Housing Rescue & Foreclosure Act Workout Programs & Options
Georgia Denver, CO Tips for Avoiding Foreclosures Foreclosure Wrecking Ball Foreclosure Fears. Fight Back
Virginia Miami, FL Short Sale Secrets Mortgage Impolde -o- Meter Families Facing Foreclosure
Massachusetts Boston, MA Short Sale Realtor Directory National Quick Sale Foreclosure Experts, Learn Your Rights

Home | Get Short Sale Help | Learn Your Foreclosure Options | FAQ | Realtors Join Our Network | Partners | Press Room | News | Articles | Advertise | Locations

TRUSTe Certified Privacy
Secured By GeoTrust

© 2008 ShortSaleSettlements.com | Privacy Policy

An Independent Short Sale & Foreclosure Resource.

All Rights Reserved.

Terms & Conditions | Sitemap | Contact Us
Call Us Toll Free At 1-888-504-6572

We are not licensed Attorneys, nor represent our website as legal advice.

The Foreclosure process is a serious legal matter. If you require legal advice please contact an attorney.

 

What is a Short Sale?

In real estate, a short sale is when a bank or mortgage lender agrees to discount a balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation.

A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. Additionally, a short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.

Lenders have a department (typically called a loss mitigation department) which processes potential short sale transactions. Typically, lenders do not accept short sale offers or requests for short sales until a Notice of Default has been issued or recorded with the locality where the property is located. Lenders have to approve of any buyer's or listing agent's commission in advance, a primary reason for non-brokered short sales with a specialist or facilitator to save on the margin. Many of these facilitators work with a private lending party for their financing, such as a partner or syndicate. Lenders have a varying tolerance for short sales and mitigated losses.

The majority of lenders have a pre-determined criteria for such transactions. Other distressed lenders may allow any reasonable offer subject to a loss mitigator's approval. "Red tape" is very common in short sales, similar to REO and HUD properties, requiring potentially multiple levels of approvals and conditions. Junior liens, such as second morgagees, HELOC lenders, and HOA (special assessment liens), may need to approve of the short sale.

Frequent objectors to short sales include tax lieners (income, estate or corporate franchise tax - as opposed to real property taxes, which have priority even unrecorded) and mechanic's lien holders. It is possible for junior lien holders to prevent the short sale. While it is frequent if not common for a lender to forgive the balance of the loan in question, it is unlikely that a lien holder that is not a mortgagee will forgive any of their balance. Further, it is common for a lender to omit updating the zero balance and settlement option on the mortgagor's credit report, or even flat refuse to do so "due to their financial loss."

Find A Reliable Short Sale Realtor