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In addition to seeing unlicensed activities in the market with respect to short sales, the California Department of Real Estate (hereinafter “DRE”) has also been alerted to fraudulent short sale transactions.
This short sale California guide is designed to provide you with the basic information you need to move forward with a short sale, which can be good option if you can’t pay your mortgage and your home is worth less than the amount you owe on it.
25 Αυγ 2020 · Learn how a short sale process works in California for homeowners, what the length of a short sale depends on, and how to get free professional help to process your short sale.
27 Οκτ 2022 · Short Sale Hardship Letter – Sample. Updated July 19, 2023. A short sale hardship letter is used by a homeowner to request the lender’s permission to sell the home for less than the outstanding balance on the mortgage.
A short sale hardship letter is critical to your client’s short sale process. Essentially, they write a letter to the lender outlining why they can’t keep up with their mortgage payments. As a real estate agent, you already know how vital this step is to approve a short sale.
7 Απρ 2023 · Hardships that usually quality for short sale consideration include: job loss. a spouse's death. reduction in pay or work hours. job transfer. medical expenses from a serious illness for the homeowner or a family member. separation or divorce. an adjustable interest rate reset. military service, or. a natural disaster. What Is a Hardship Letter?
28 Μαΐ 2023 · Property Address. Understanding Hardship Letters And Affidavits. A hardship letter, also known as a financial affidavit or a letter of hardship, is an essential part of the short sale process. It provides the lender with financial information to determine if a short sale is possible and if it will be beneficial for both parties.