August, 2010 | Bay Area Short Sale Angels | Maxwell Park

Who Should You Consult With A Short Sale?

After you have consulted with us about your options and possible short sale, there are a few other people that you should consult to ensure that you are covering all of the bases. You should consult a real estate attorney, your CPA, or a tax professional. We have a list of preferred vendors that we frequently refer out to people who request those services. Simply fill out a request form on our website and we will send you that list of our preferred vendors.

Are There Any Fees Associated With A Short Sale?

For sellers involved in a short sale, there are no fees at all. The bank pays all of the fees that come to the real estate agent and any other applicable fees. Also, because we don't use third party negotiators there is no money up front. If you would like more information about doing a short sale fill out the request form and we will contact you soon. Remember, nothing is worse than doing nothing.

Why Do Banks Allow Short Sales?

Banks choose a short sale because of the financial benefits. They can save 20-40% by executing a short sale rather than allowing the property to foreclose. With all of the fees and the lower sale price of a home in foreclosure, a short sale allows the bank to recoup more money. Also, remember that the banks are not in the business of owning property. They are in the business of lending money. Therefore, it is in best interest of the bank to do a short sale.

Introducing The Bay Area Short Sale Angels

Kerri and Monica are the founders of the Bay Area Short Sale Angels. In 2007, Kerri and Monica came together at Keller Williams with the intention of helping as many people as possible through real estate. They found a perfect outlet to do that through short sales. Since that time in 2007, they have been extremely successful. They have a 93% closing rate compared to the industry average of a 20-50%. They do that by having a deep desire to help people retain their credit scores, avoid foreclosure and be able to own a home again in the near future. Their mindset is to never give up and do whatever it takes to close the short sale. They have been so successful because they have an entire team of bilingual professionals that are dedicated to taking a short sale from start to finish without getting off course. Much of this is due to…

What Is A short Sale?

A short sale is when the bank allows you to sell your property than what you currently owe the bank. There are a number of reasons that the bank accepts a short sale of your home. For more information on short sales and to find out if you qualify, fill out a request form and we will contact you shortly. Remember, there is nothing worse than doing nothing.

Short Sale Vs. Foreclosure

There are a few different reasons why a seller should choose a short sale over foreclosure. First, you should try to maintain your credit score. A foreclosure is much more harmful to your credit score. The second reason is bit further down the road, but equally important. Future buying power is also affected by your choice of short sale or foreclosure. With a short sale you may be able to purchase a property again in as little as two years. With foreclosures, it may take five to seven years before a bank even considers lending you money again.

Who Are the Angels?

Kerri and Monica talk about their background and why they feel short sales can be your angel!