Short sales are on the rise in the California Bay Area including Fremont and surrounding cities. Help is here for short sale sellers but be ware of predators looking to take advantage of a bad situation.

Legitimate short sale contacts exist who are ready to help if you qualify for the short sale programs.

Just a tips and beware of ……………

• Asks for money upfront before providing any service
• Instructs you not to contact your lender, lawyer, housing
counselor, family, friends, or others
• Asks for mortgage payments to be made directly to his or her
company or a bank account set up by that person, rather than
your lender.
• Requires payment only in the form of cash, cashier’s check,
or wire transfer
• Promises to stop the foreclosure process, no matter the
circumstances
• Advises you to transfer your property deed or title to his or
her company
• Offers to fill out paperwork for you
• Asks for something to be done immediately and without delay.
This includes pressuring you into signing paperwork that you
have not had the chance to read thoroughly or do not fully
understand
• Encourages you to lease your house and buy it back
over time
• Offers to buy your house for a fixed price that is not set by the
housing market at the time of sale
• Asks for you to give a power of attorney
• Asks for signatures on a grant deed or deed of trust
• Asks for signatures on a document that has lines left blank
• Fails to provide copies of signed documents
• Refuses or fails to put an oral promise in writing

California Bay Area Contact if you want additional information and refferals on short sale help

Should I Buy a Short Sale in the California Bay Area?

Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them. In the past few years in the California Bay Area, many of the real estate transactions have resulted in a short-sale

On the surface, it may appear that a short-sale buyer is getting a good deal. However, there are reasons to stay away from this type of transaction in the California Bay Area whether it be in Fremont, Newark Union City or anywhere else in the Bay Area Below are just some of the reasons to s stay away from short-sale transactions. (more…)

What is a short sale in a real estate transaction?

A short sale is an alternative to a foreclosure. In the California Bay Area, a large percentage of homes sold are short sales or foreclosures. A Real Estate short sale is when lenders agree to accept less than the total amount due on a loan. Not all lenders will accept short sales or discounted payoffs (more…)