Hello my name is Saul Carter with Other’s Realty in Modesto; we are one of the leading short sale businesses in the Modesto area, so I would like to advise you to contact us if you want any information about short selling your house. I would like to talk today about the short sale package and what is included in it.

To get the lender to agree to your short sale, we have to send them a “checklist” of documents. I don’t necessarily think they examine every detail of these documents, however they need to be able to justify that they’ve done things correctly. What I strive to do is to provide the bank with a short sale package that fulfills their checklist, but does not publicize my client’s entire financial situation all over the place. The basics of a short sale package are a hardship letter, an authorization that enables me to talk to the lien holder about my clients financial situation, bank statements, paystubs and tax returns. These have to be updated on a pretty regular basis. Some lenders even have their own documents that they require to be included in the short sale package; I can tell you more about those when you contact me. On the occasion that the lender requests more documentation, we will provide them with it, but I do not want to give them documentation that they haven’t asked for. Usually it does not take very long to put the package together. Once it’s all together, we send it to the bank with the listing agreement and purchase offer; things typically go quite smoothly after that.

If you have additional questions about assembling your short sale package or how many year’s worth of documents you will need, please get in touch with me. Also, don’t forget to fill out the Getting Started form on our website or call us for more information on short sales in the Modesto area.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hello everyone Saul Carter here with Others Realty, where we’re doing real estate the Others way, thanks for testing my weblog today. One of many questions I get asked on almost every short sale is how much do I charge to complete your Modesto short sale. As a Modesto house owner who could also be struggling to pay your mortgage each month it is hard to imagine additionally paying for a short sale. Fortunately I can let you know that you will not pay me a single penny out of your pocket. My commission is actualy paid by your lender and comes from the proceeds of the sale. In truth, all the closing costs have to be authorised by your bank and can be paid for by your lender. There are a number of companies within the Modesto area who may attempt to charge you up front fees for a short sale however that is simply not necessary. Even better, every now and then your lender will even give me additional cash to pass along to the homeowners who’ve completed a short sale. While this compensation for finishing a short sale is often between one and three thousand dollars I have have seen it rise to as much as twenty thousand dollars in some cases. In the long term I an dedicated to helping each and every Modesto homeowner I meet and that is evident by not asking for one cent from the homeowner.

When you have questions on your mortgage, or are contemplating a short sale already, go to my website or contact me directly to learn more about your options for avoiding foreclosure. I’ve been helping Modesto owners find the very best real estate resolution for years and wish to aid you as well. Once again I’m Saul Carter with Others Realty, thank you for your time and I hope you may have an incredible day.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hey, I am Saul Carter here with Others Realty, your Modesto short sale experts. Right now I wished to speak about hardships and doing a short sale and the requirement of actually having a true hardship. What is a hardship? A hardship is basically where you are not in the identical financial scenario that you just had been while you originally signed those mortgage documents. It also means you’re unable to make payments for whatever reason.

It must be a ligitimate harship. An instance of a ligitimate hardship could be loss of job, transferring, and curtailment of earnings, medical payments, or family|household} medical payments. The one for investors is you are unable to rent your property or you’re unable to rent your property for a revenue or you’ve had tennants move out. These are things that qualify as hardships.

The one factor that doesn’t qualify as a hardship is if you end up way upside down and you do not want to pay for it anymore however you could have quite a bit of cash sitting within the bank. Now that said, that does not mean we will not discover a true hardship for you, but nobody right here needs to lie to a financial institution as a result of that becomes a federal crime.

The one factor we want to do is not write a hardship letter that claims you don’t wish to pay anymore. There is nothing that can upset the financial institution greater than someone who has cash and you don’t want to pay anymore. Banks normally take offense to that.

In doing a short sale, obviously you must have an actual hardship. We’ll walk you through that process and make sure all of it fits into place so we can get your short sale done. A whole lot of agents out there claim to do short sales, I close ninety% of my short sales or better and I do this in a fairly well timed method and I stick with it. I’m going to go all the way to the top if I have to that will help you out.

Again, I’m Saul Carter with Others Realty, your Modesto short sale experts. Here’s to doing real estate the Others way. I look ahead to talking with you soon.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hey my name is Saul Carter with Others Realty in Modesto. We’re one of the leading short sale teams in the Modesto area and I urge you to take a look at our website for extra information and resources about short sales.

I would like to talk to you today about why a bank would ever agree to do a short sale. Lots of people look at it as if the bank is taking a huge hit on the mortgage that the homeowner has. That may even be what the bank tells some individuals. Lenders agree to a short sale because they’ll make more money than they would if they were to have to foreclose on the property. In lots of ways, doing a short sale is doing what is right for the lender. It’s also what is best for my client, which is my fiduciary responsibility.

I’ve calculated that by short selling properties, I’ve earned the banks about $2.4 million in addition to what they would have made if they would have foreclosed on those homes. Short selling these properties is helping my customers do what is right for them, which also just happens to be what is right for the lenders. So, the easy answer is this: lenders are out to make money and that’s why they approve short sales. They make more money with a short sale than they will with a foreclosure. If you’re curious how a short sale works and have more questions, please fill out the Getting Started form on our website or give us a call. We’ll guide you through the different scenarios of your situation and if a short sale is right for you. If a short sale is right for you, it’s best to start the process right away and get the huge burden off of your shoulders.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hello everyone Saul Carter here with Others Realty, your premiere short sale agent in the Modesto area, thanks for taking the time to check out my weblog today. My crew and I are right here to help educated homeowners on their options for avoiding foreclosures and I use my blog to supply up to date data on the ever changing Modesto real estate market. If your mortgage is underwater and you are not sure what to do please take a minute to browse my web site or give me a call to learn more about all your options to keep away from foreclosure.

In my blog as we speak I wanted to talk concerning the tax implications of selling your home by a short sale in Modesto and a few vital things to know. When completing a short sale the difference between what you owe on your mortgage and what your own home sells for is considered income. Due to this you’ll receive a 1099 from the IRS however do not worry this can be a good thing. Because of my short sale expertise I can show you how to use that 1099 to better your credit within the future. If the short sale is on your primary residence state law requires you to declare the amount on your 1099 while you do your taxes. However, this money isn’t taxable, whatever the amount, and is required to be able to present your settlement of debt by the short sale. There’s nothing more scary than owing money to the IRS and having a short sale agent with experience may help calm any tax concerns.

Do not be scared off by possible tax implications, a short sale could also be your best choice for getting out from beneath your Modesto home. Please contact me today when you have questions on your underwater mortgage. I’m Saul Carter with Others Realty, where we are doing realty the others way, thanks for your time and have an amazing day.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hey, I’m Saul Carter here with Others Realty, Modesto’s leading short sale team. I wished to speak at this time about short sales and can they actually hurt your credit. This is the reality, yes it may harm your credit. However it is not going to harm your credit score as much as a foreclosure and the upside to a short sale is it’s actually something that you may be in control of. You’ll be able to determine when it closes; you possibly can decide who buys it, within reason. Additionally when you’re forgiven that debt, I present my purchasers the right way to truly present it as a paid in full. Sure it will have an effect on your credit and I can show you how one can mitigate it. That’s one of many things that every one of my clients at Others Realty get. I do not hear of any other realtors out there exhibiting them how to truly repair that post short sale.

It is one of those issues that sure it will harm your credit and the actual question is how bad it is going to hurt your credit. It is not going to be as dangerous as a foreclosure principally simply on timelines and when are you going to have that unfavorable credit ratings start so you can start working on it to get it done. One of many things that I run into is those that were struggling each month for a 12 months simply to pay their mortgage. They wished they had made the choice a yr earlier just to get it carried out and complete a short sale.

So, it is what it is, I don’t fret about the past. Perceive you’ve got obtained the chance to take charge with a short sale. With a foreclosures or deed in lieu, you are not in charge. There is nothing scarier and truthfully I think that’s the biggest cause that individuals are afraid of short sales is as a result of they feel like they are not in charge. Discover an agent that will help you be in command of your short sale.

Again, I’m Saul Carter with Others Realty, Modestos main short sale team and we’re right here to help you get began on a short sale and figure out if it is the very best factor for you. Call us or send us an electronic mail and we look ahead to talking with you soon. Thanks and have an incredible day.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Welcome I am Saul Carter with Others Realty in Modesto. If you’re wanting to short sell your property in the Modesto area or want more information on avoiding foreclosure, please give me a call. Each year, I help homeowners such as yourself walk away from their debt and make a better financial future for them. I’ve completed 90% of the short sales that I’ve dealt with and I’d love to serve you, too.

Today I wanted to tell you about something that I’m extremely excited about – The Short or Stay Calculator. This device helps the homeowner get a better idea of the financial obligations that they’re involved in with their house. What the homeowner really needs to figure out is if their property is an asset or a liability. If it’s a liability, how long will it take for your property to become an asset again?

What we’ve done is created this calculator that you can enter your address and loan information. By using this information, it will forecast how much it will cost you to stay in your property for the next several years. The average person lives in their property for seven years. If your property is upside down and you’re having some financial problems, this calculator can help you decide which is the best choice: stay in your house or short sell it. I really hope that this calculator can help every single person that visits the website and fills out the information. It will send you an email within minutes giving you a financial breakdown and tell you when you’ll get to that breakeven point.

There’s no obligation in using this calculator, but please know that I am here to help you any way that I can with your underwater property. A short sale could be the answer to your financial hardships, so please get in touch with me today.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hi my name is Saul Carter with Others Realty in Modesto. If you live in the Modesto area and are looking to short sell your house, I advise you to talk to me. I am your short sale expert for the Modesto area and can give you the information and experience that you need to successfully short sell your property.

Today I would like to talk about the Home Affordability Refinance Program (HARP) that the president has come out with in the past couple of months. It doesn’t necessarily pertain to you. The truth of the matter is that years ago when they came out with the Home Affordability Modification Program, the idea was to have a ridiculous amount of people do modifications in the first year. Unfortunately HAMP was unsuccessful and a majority of those homeowners were back in default on their home loan with 90 days of doing a loan modification.

So here we are now when they have created the HARP program. Supposedly the only criteria is that you are current on your home loan for at least the last three months. The truth of the matter is that your mortgage has to currently be serviced or owned by Fannie Mae or Freddie Mac. They are the two biggest mortgage owners in the United States, so you could qualify, however not everyone has them for their mortgage servicer.

If you are curious on exactly what you have to do to qualify for the HARP program, please get in touch with me. But please keep in mind that every time one of these government programs comes about to help everyone out, in my experience every single one of these is actually a hindrance to me getting things done for my seller’s best interest. Sometimes my clients do get some extra money here and there, but it usually takes a little more time or we lose a buyer in the process. But, that being said, these programs are out there and we will see how successful this program really is. Please fill out the Getting Started form on our website or call us with any questions you may have about HARP or short sales. Thanks for joining me today, I look forward to helping you successfully short sell your property.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hello everybody Saul Carter here with Others Realty, your short sale specialist in the Modesto area, thank you for checking out my blog today. I’ve been closing short sales in the Modesto area for the last five years and use my weblog to provide beneficial content to householders who may be dealing with foreclosure. Whether you are behind on your mortgage or have simply seen the value of your house decrease quickly it is very important know your choices for avoiding foreclosure. You probably have any questions on the short sale process, or are ready to get your file started, stop by website or contact me directly to arrange a free consultation.

For my blog right now I needed to discuss a topic that is a needed part of a short sale that has changed quite a bit over the previous couple of years. In the past few years the definition of a valid hardship has certainly changed permitting increasingly more owners to get out from underneath their distressed property. Previously I dealt with clients who were literally near being kicked out of their properties because of job loss or unexpected financial problems. While it’s still essential to have a valid hardship more and more owners are contemplating a short sale because it makes business sense. Your Modesto area lender is in the business of getting cash and if a short sale is sensible for them, then it can make sense for you no matter your hardship situation.

So if you’re behind on your mortgage or a short sale makes the best business sense for you give me a call today to set up a free consultation. If you would like more data on the short sale process stop by website and browse my past blogs on several diferent short sale topics. This is Saul Carter with Others Realty, where we’re doing real estate the Others way.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.

Hi, I am Saul Carter right here with Others Realty, one of Modesto’s primary short sale crews and I wanted to speak at the moment about short sales and how they really assist banks. The truth of the matter is, in a short sale, assuming the property is selling for market value; the financial institution is going to make extra money.

I run into lots of people who do not want to do a short sale because they have signed paperwork with the bank that says they are going to pay them in full. I appreciate that, and from that very same place, it’s essential know that if you do a short sale, you are doing what is within the financial institution’s best interest. That’s the reason that I close ninety five% if my short sales. I help them make more money.

Over the course of doing the eighty plus short sales that I’ve done, I’ve netted the banks somewhere around $2.four million dollars above and beyond what they would have made in a short sale. Simply bear in mind once you’re doing a short sale, we’re doing what’s within the banks greatest interest. They might complain, but in the long run, they’re in a single business and that is to make money. If we can make them more money, we might help you get out from underneath your property by doing a short sale versus doing a foreclosure.

Here’s to doing real estate the Other’s way, where we’re one of Modesto’s leading short sale teams. Please give us a call or fill out the getting started form and we’ll get you taken care of right away. Thanks a lot and we’ll talk to you soon.

For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.