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Is a Real Estate License Required to Represent the Parties to a Short . Sale? The simple answer is YES, with some extremely narrow and limited exceptions and exemptions. A real estate broker license (or a real estate salesperson license where that person is working under the supervision of his or her broker) is required under section 10131 (d)
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.
If modified by a broker as necessary to reflect local and state laws, requirements and procedures and the broker’s own office policies, which should be created with the advice of the broker’s counsel, it may also be used as a guide for agents operating within a broker’s office.
Checklist of Required Homeowner’s Documentation. We appreciate the opportunity to assist you in short selling your home, while improving your current and future financial stability. In order to get a short sale approved certain documentation listed below must be provided.
Short Sale Example. Total Loan Balance: $400,000. Your Home is Worth: $220,000. You are Upside Down: $180,000. You can apply for financial assistance. Call 1‑800‑760‑9156. California Short Sale Solutions negotiates with your lender and successfully short sells your home for $220,000.
Example: 1st and 2nd mortgages totaled $470,000.00 and the property was sold for $325,000.00. The sale price was $145,000.00 “short” of the amount that the seller had originally borrowed – thus the term “short sale.”
17 Απρ 2024 · To start, ensure you meet the criteria for a California short sale, which typically involves one of three primary scenarios: Negative equity in your property, commonly known as being underwater. Mortgage delinquency, indicating significant overdue payments.
