Short Sales

Nobody ever sets out to default on their mortgage. But because of unforeseen circumstances, people find themselves going into default, and don’t realize that there are options out there that can keep them from losing their houses. A short sale is one of them. It is a great way to avoid foreclosure and, if filed by a qualified and knowledgeable short sale specialist, can offer some time and protection from the lender.
A short sale, often referred to as a short pay, is when a lender agrees to accept a sales price of fair market value for your home or property. This is done despite the loan being more than what the property is worth. This makes this a great alternative to foreclosure for those people who are in “upside down,” loans, or loans where the lender is owed more than the home or property is actually worth. Lenders agree to this because they can simply write off the difference between the final sale price of the home and what was owed as a loss.

  • Can BGA Properties help me with the short sale and why should I choose your brokerage over other firms?

Yes. We can help you with a short sale. Our agents are experienced in short sales and bring the highest level of professionalism and expertise to our Short Sale negotiations. They know exactly what to say and who to say it to. We even have contacts at many of the major banks to expedite the process. Your success rate will be much higher when you work with us.  Don’t forget that we don’t charge you a dime. You as the seller do not have to pay the Realtor commissions. This will be taken out of the banks “proceeds” as part of the negotiated settlement.

  • Is a Short Sale a Good Option for Me?

Short sales stop mortgage foreclosure and prevent the consumer from being sued for deficiency. A deficiency is simply that difference between what the lender would have received under the old mortgage and what the property sales for in the short sale.
Another benefit is that you stop foreclosure on the property, and no foreclosure entry is placed on your credit report. This is important because it makes it easier for you to qualify for another property in the future.

  • Why Hire a Realtor to File a Short Sale?

A short sale is a difficult process, because the lender will require certain documents and information from you. But if you send too much information, or it is improperly formatted, your short sale can go under. You need to have proof of the property’s current value, and you also have to have proof of income that will illustrate that you can no longer afford the property under the current payment plan. Failure to do so can result in mortgage fraud, which is a serious offense. Hiring an experienced in short sales Realtor can help you to navigate this difficult process, and we here at the BGA Properties will ensure that your credit rating and financial future are protected.

  • Do I have to pay any real estate commissions or fees to short sale my home?

No. You don’t have to pay us any fees. An experienced realtor will offer the property for Sale AS IS. And once the lender agrees to the short sale all fees and closing cost are part of the settlement letter. Keep in mind you will not get one penny from the sale.
Don’t worry if you have:
-Bad credit
-Home has lost value
-Haven’t made a house payment in months
-NOD or Foreclosure proceedings have already begun
-Have high credit card debts
-Can’t verify all income

  • We offer a free short sale consultation

Give us a call. Our Short Sale Specialists are here to help you. If you are interested, please contact us at 1-661-916-0328 or email info@bgaproperties.com

BGA Properties

38345 30th St E

Suite B-1

Palmdale, CA 93550

DRE Lic# 1940274

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