Riverside Short Sale Homes - Inland Empire Short Sale Agent
Hi, I’m Joe McDermott. I am one of the top selling Realtor’s in Southern California and I can help you understand what your circumstances mean to you and why, if you’re like 99% of homeowners I come across, a short sale is, hands down, THE best solution for your situation.
Through a process called a Real Estate Short Sale, I can help you:
- Free Your Family From Your Monstrous Mortgage Debt
- Sell Your Home Quickly and Easily For Top Market Value
- Avoid Foreclosure & Bankruptcy
- Pay Nothing In Commissions & Closing Costs
- Save Your Credit
- Walk Away From Your Home With No Debt And No Tax Consequences
Perhaps you’re wondering if you can ever repay your lender the $100,000, $200,000, $300,000 or more that you are “upside down” in your home.
With most predictions pointing to a 12-15 year recovery period for real estate prices, your efforts to fight to keep your home are actually a fight to continue to keep your family finances in BONDAGE to some lender somewhere until the year 2025 or beyond. And even then you will have fought for the privilege of simply breaking even on your home.
If you need to sell your home, but owe more on your home than it is worth, I can help you sell your home quickly, easily and for top market value, without ruining your credit, going through foreclosure or declaring bankruptcy.
You will pay absolutely nothing to sell your home, and you will owe nothing to your lender.
You will not have the damage of a foreclosure or a bankruptcy on your credit, and instead of having to wait up to 7 years to buy another home, you can buy again within the next 24 months or less in some cases.
Short selling your home can actually save your credit. Your lender will report your short sale as “paid in full for less than full amount owed” and that language is the difference between your chance of owning a home again while prices are still low and having to wait up to 7 years when prices will be much higher.
I know because I have helped 100’s of homeowners short sell their homes in the past couple years. Many of my clients who had the foresight to get out of their miserable mortgage when I shared the process of short selling with them are now qualified to buy again and are taking advantage of today’s ridiculously low home prices.
My team and I helped them and we can help you.
We have negotiated more successful Short Sales over the past two years than most agents will sell in total home sales in their entire career.
The fact is, most agents do not sell real estate full time. For over 90% of the agents in business today, selling real estate is a part time occupation and is not the primary source of their family’s income. A short sale is an immensely complicated transaction which most agents hate to do and the consequences of failure to you as a seller are big enough that you cannot trust your transaction to just anyone.
We are often approached by sellers who are desperate for us to help them with their short sale which is falling apart because they hired a friend or family member who happens to have a real estate license. You want the job done right and also not risk your relationships with your friends and family. Hire a pro.
You get one shot to do a successful short sale. If your agent is inexperienced at short sales, makes mistakes, gives up, puts their day job first, drops the ball, or simply does not know how to negotiate with the banks, you will wind up being foreclosed on by your lender.
And foreclosure is something you want to avoid at all costs.
Your credit will be ruined, resulting in a total drop in your score of at least 300 points all while your phone never stops ringing with collection calls from your lender.
You will have difficulty getting credit cards, auto loans or even renting a home or an apartment for the next 7 years. Many lenders will not even let you get a loan on a house for 5 years after a foreclosure. In the world of credit, a foreclosure is treated far worse than even bankruptcy.
As part of the foreclosure process, you will have to contend with countless strangers coming by to harass you about various scams they are peddling to “save your house.” Then, right before the auction date, investors will descend on you to look over your home which they plan on buying in order to evict you so they can resell it at a profit.
But it does not stop there. If you refinanced your home at anytime and, even worse, pulled money out for improvements or to pay bills, you may legally be in a “recourse” position that will allow your lender to sue you for their losses on your loan. I can help you determine if your lender is in a position to sue and, if you hire me, get them to settle your debt as part of the short sale.
Hiring the right agent can save you from the financial devastation, credit damage, hassle, embarrassment and stress that accompanies a foreclosure.
Regardless of your situation, I can help you, but our strategy to get you out of your situation will vary depending upon the type of loan you have.
Research any agent you are thinking of hiring. Make sure their full time job is helping you in your situation, not helping customers in their day job and playing real estate agent by night. Your lender will not tolerate it and neither should you.
Beware of company’s or agents who try to sell you on the prospect of using a short sale, or some other process, to try and get you more time in your home without making payments. These scams almost always end in foreclosure and a lender who believes YOU tried to cost them more money which in turn gives them more incentive to sue you for their losses.
This is financial suicide, and it is totally unnecessary because…
Your lender does not want to foreclose on your home.
Their ideal situation is to have you continue to make those high payments. If that doesn’t work, they’d rather you sell the home and send them the proceeds.
The only sure fire way a lender loses money these days is by doing…you guessed it, a loan modification. For many reasons I won’t get into here, lenders are actually now PROFITTING on short sales and, in some cases, foreclosures.
Ever wonder why you hear lenders are not helping people modify their loans? The simple reason is they don’t want to modify. They want the cash they get when your home sells. This incentive is so perverse that they now, in some cases, will aggressively pursue foreclosure even while pretending to be working on your loan modification.
Fact is, your lenders knows with just the first 5 questions you answer about your financial situation when you call requesting help whether, or not, they are going to help you. Regardless of their intentions, they will not tell you if you are going to get a loan modification. Far better for them to con you into making “trial modification payments” in order to maximize their recovery on a “bad loan.”
You see, the end game of this entire mortgage crisis for the banks is that they know what you may not have come to realize yet: you are going to lose your home sooner or later. Eventually, even if you are able to get a loan modification you are happy with, they know that someday you are going to wake up and realize you still owe hundreds of thousands of dollars more than your neighbors do for the same home. When that happens, you will seek a way out.
So basically your choice is either exit now on your terms while the government and lenders are providing you protection from consequences, or exit later on their terms when the costs, and damage are far worse.
Unfortunately, the hard people hold on to their house, the more damage they are inflicting on themselves and their future financial health.
Which brings me to my next point:
It makes no difference who your lender is.
Chase, Bank of America, Wells Fargo, Downey,CITIMortgage, WAMU, Wachovia,EMC, First Franklin, Flagstar,GMAC, GreenTree, Homecomings,Home Eq, HSBC, National City,Nationstar, Chevy Chase, Option One,OCWEN, Aurora, Deutsche Bank,World Savings, Bank United, Navy Federal
These are just a handful of the lending institutions we’ve completed short sales with on behalf of our clients.
The most important thing you can do, is take control of the situation now and give me a call.
The sooner we can advise you regarding your situation, the more options you have. If you wait until your lender nails an notice to your front door in front of your neighbors…we can still help, but you will be putting yourself in a very tight spot with fewer choices in your control.
Give me a call, or e-mail me, and in a few minutes we can review your circumstances and help you start taking control.
I have clients who have even repurchased their own home after a short sale, rented their current home back, or short sold their home and, in the process, used the proceeds to pay off judgment liens, tax liens, back child support, you name it.
For more information, and a FREE no hassle, no sales pitch or gimmicks, consultation, give me a call on my personal cell phone at(951)314-1856.
I am very good at what I do and I can help you today.
Thanks for your attention and please check out my website for more answers to questions you might have.
If I don’t hear from you, best of luck with your situation and I look forward to an opportunity to help you with your real estate needs in the future. Regards,
Joe McDermott – Realtor
Owner, Century 21 Preferred