• Collect All Documents For The Bank.

• Pre-Qualify the seller and property for the short sale.

• Price the home correctly so that the bank will accept the terms.

• Market the home on Websites.

• Actively market to get an offer.

• Qualify the buyer to ensure a smooth transaction.

• Submit all documents to bank & negotiate the terms.

• Obtain Short Sale Approval From Bank

• Complete all disclosures and reports.

• Provide you with the final closing statement to take to your CPA.

It’s always recommended you speak to a CPA about any

tax repercussions from a short sale or foreclosure.

Call Us To Meet Or Email Your Questions to

Christina@RealtyExperts.net WE’RE HERE TO HELP

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What is my home worth?Do I qualify for a shortsale?

How long will it take?

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I’m upside down on my home! Now what???

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Will I be able to buy again?

Should I shortsale?

SHORT SALESWhat You Need To KnowWhat We Do For Short Sales:

If your home is currently listed this is not meant as a solicitation for your listing.(858) 334-9422Christina Johnson

www.ChristinaJohnsonRealEstate.comReal Estate / Marketing Specialist & Short Sale Counseling

CA DRE# 01298362

WWW.REALTYEXPERTS.NET

A short sale is a property that sells for less than the balance owed onits mortgage. It is in the bank's best interest to approve the short sale. On average the bank could save 25% to 30% on foreclosure costs by doing a short sale.

Some banks, such as Chase & Bank Of America offer sellers financial incentives if they agree to short sale. It depends on the bank and the seller’s individual situation.

Most people who short sale have suffered a financial hardshipand can no longer afford their payments. In most cases we recommend the owner try a loan modification first. But if that fails a short sale is the best alternative to foreclosure.

Even if there is a sale date it may not be too late to short sale.

• Pay Absolutely No Commissions & No Closing Costs Out Of Pocket• No mortgage payments to make, unless you choose to make them.• The Bank will settle any liens including delinguent property taxes.• You will be eligible, under Fannie Mae guidelines, to buy another home in 2 years instead of 5 to 7 years if foreclosure or bankruptcy.• Avoid Foreclosure & Bankruptcy • Save Your Credit Score• A HAFA SHORT SALE WOULD HALT THE FORECLOSURE PROCESS AND OFFERS SELLERS UP TO $3000 AT CLOSE OF ESCROW

MORTGAGE DEBT RELIEF ACT ENDING 12-31-2012If you short sale or lose your home after this date you will be taxed on the deficient amount as income.

NO-RECOURSE SHORT SALE BILLOn July 15th, 2011 CA Senate Bill 458 No-Recourse Short Sale Bill was passed. It guarantees you will be forgiven on all mortgage debt after a residential short sale in CA.

For Example: Your Loan Amount $600,000 Sale Amount $300,000 Taxable Income $300,000

What Is A Short Sale? Laws Effecting Short Sales

EASY EXIT LISTING GUARANTEE

How Long Does It Take?A Short Sale can take anywhere from 2-6 months or longer depending on these key factors.

1. The Lender(s). 2. The Number of Liens. 3. The Timing. (When You List)4. The Price. 5. The Cooperation of all parties.6. Documents provided in a quick & timely manner7. The availability of the home to be shown to buyers on their schedule.

THE BANK PAYS ALL REALTOR FEES in a short sale. We negotiate the contracts so you avoid out of pocket expenses.

We do not charge our clients for short sale negotiation or transaction coordination.

Our Services Are FREE To You

Benefits To A Short Sale