Oakland, California (EastBayDaily) — Oakland short sale Real Estate Brokerage is fully qualified to help one sell a house even if one owes more than the house is worth. Perhaps one does not know where to turn, because even if one's house does sell for what it is worth in today's market, it still will not pay off the mortgage. One may see no way out of this situation. Short sale Real Estate Brokerages are specialists in Oakland, California. They can show one how to deal with this issue, while helping one to avoid foreclosure.
It is not uncommon for the value of a house to fluctuate. In fact, it is quite common for houses to lose a bit of value once the market has slowed, after a housing boom. Some people may also find themselves in this type of a situation as the result of borrowing against the small amount of equity which they previously held.
Many people are suffering a financial hardship through no fault of their own. People become ill, lose jobs and get divorced. It is well known that people suffer a financially lower standard of living following these events and many others. It can become increasingly difficult to meet the monthly bills, and the mortgage payment is no exception.
If one is struggling financially, the first thing one should know, is that one is not alone. The next thing for one to think about, is that there is a light at the end of the tunnel. A short sale may be just what one need in order to start the process of regaining one's financial stability and peace of mind.
Short sales are designed for people who hold a mortgage on a house which is now worth less than the amount which is owed. An Oakland short sale Real Estate Brokerage will assist one with the application process. They will help to find a buyer for one's home. Because one's home is now worth less than one owes on one's mortgage, one should realize that any bids that one receive will certainly reflect the current value. This will leave one with a balanced owed if one accepts a bid.
This is where a short sale will help one. For people who are having a financial hardship, and owe more on their mortgage than their home is worth, a short sale will help to avoid dealing with a foreclosure. An Oakland short sale Real Estate Brokerage will negotiate on one behalf with the lender to forgive part of the amount owed. This will allow the home owner to sell the house according to current value, rather what is owed.
Short sales have helped many individuals to avoid a foreclosure proceeding, and avoid further damage to their credit score. This will without a doubt be of great benefit in the future, when one decide to purchase another home.
If one are having financial difficulties, and cannot pay one's mortgage, one will certainly want to consider a short sale. ACL Real Estate is an Oakland short sale Brokerage that understands, and are highly qualified to help
ACL Real Estate and Property Management
ACL Real Estate
CA DRE# 01893837