Elk Grove Short Sale by Lori Mode
Our team of experienced Elk Grove Real Estate Agents, specializes in Short Sales in Elk Grove. A Short Sale essentially is the sale of the home for a price short of what you owe the bank. If approved by the bank, this is a good option instead of foreclosure, which can damage your credit even more. In order to get it approved, you will need to prove a hardship. A hardship is defined as a material change in the stability of the homeowner between date of home purchase and date of Short Sale negotiations. There can be many reasons why the hardship occurred, and it is a good idea to include a personal letter to the lender as to what the exact situation is.
When selling a home via an Elk Grove Short Sale, it is a similar process to a Standard Re-Sale.
- Hire a qualified Elk Grove Real Estate Agent
- Contact your lender
- List the property
- Receive and Accept an offer
- Submit Short Sale Package to lender
- Receive and approve the Lender Approval
- Escrow Period
If you are considering an Elk Grove Short Sale, be sure to contact us first! We can help you through the entire process with ease. Our Elk Grove Real Estate team has been successfully selling short sales for many years and are very experienced.
Just a Few of the Short Sales we closed in 2012
- 8771 Mesa Brook Way
- 952 Doradell Way
- 7843 Lahontan Circle
- 3321 Rio Rocca Way
- 9440 Dantley Court
- 8861 Kelsey Drive
- 5412 Tegan Road
- 9478 Sidesaddle
- 3500 58th Street
- 9841 Lois Stiltner
- 6909 Lincoln Oaks Drive