IS A SHORT SALE THE BEST CHOICE?

If you are struggling with your mortage payments the most important thing you CAN DO is be proactive and take control of your financial situation. It's not just about credit score impact but the impact on your financial stability. By taking control of your mortage situation you can prevent further damage to your credit and mitigate against increased tax liability.

DON'T DELAY, the sooner you start the process, the higher your success rate will be.

IF YOU HAVE ALREADY RECEIVED A NOTICE OF DEFAULT on your property, please call me for an appointment as soon as possible.

THE GOAL!

1. STOP your foreclosure

2. Eliminate your mortgage debt entirely

3. Preserve your credit

DO YOU KNOW YOUR OPTIONS?

1. Negotiate Loan Modification - If you have already started this process, here are the facts: ONLY 4% OF ALL LOAN MODIFICATIONS HAVE BEEN APPROVED THROUGH ANY BANK!

2. Bring Loan Current and keep current

3. Bank Foreclosure

4. Short Sale

SHORT SALE VS FORECLOSURE

Short Sale - 80-130 points on credit  

Foreclosure - 100-300 Points on credit

Short Sale - Can Get Cleared off credit

Foreclosure - Stays on credit for 5-7 years

Short Sale - 85% success rate getting the bank to waive the right to come after you for the deficiency.

Foreclosure - The bank will get a deficency judgement

Short Sale - A sign of the times and you will be able to obtain a new loan usually within 2-3 years time

Foreclosure - Lifelong future credit issues and loan hurdles

HOW YOU BENEFIT FROM A SHORT SALE

1. You avoid a foreclosure sale. You can live in your home until the new owner closes, giving you time to make other living arrangements.  A foreclosure sale may be postponed once a written, signed offer is received and approved by the bank. Also, you may be eligible for a seller incentive!

WHAT OTHER DETAILS SHOULD YOU BE AWARE OF?

Here are a few:

1. Be sure to speak with your tax advisor about the tax implications of a short sale.

2. You are responsibe for making your mortgage payments while your home is on the market.

3. A short sale transaction can take place as late as 5 days prior to a foreclosure sale on a home.

4. Mortages in Bankruptcy require special consideration, call your bank and discuss your options.

WHY ROD ARAGON

1. Sold or overseen nearly 2,000 Closed escrows since 1989 totalling over 400 Million dollars.

2. Westside Real Estate Specialist

3. In partnership with ALM - ACCESS LOSS MITIGATION Specializing in Short Sale negotiation.

4. 85% Success Rate

5. Top 5% of ALL Westside Realtors

6. #1 Real Estate Office on the Westside

7. #3 Real Estate Company in the Nation

GETTING STARTED

DON'T DELAY - CALL OR EMAIL ROD TODAY FOR PRIVATE CONSULTATION.

310-863-1652 DIRECT  - aragonhomes@hotmail.com