Your Fresno Short Sale Listing Experts

Search for Fresno Short Sale Listings

If you are looking for a bargain buy home in Fresno, a short sale may be the answer.  To search homes in Fresno that are short sale use the advaned search feature.  After you add your criteria check "yes" to the drop down field under short sale.  It's that easy!  Now only listing that are being sold short in Fresno will be displayed.

What is a Short Sale?

A short sale is when you want to sell a home for less than what is owed in it, therefore when you sale you are short funds to pay the loan off.  You either need to come in with the needed cash at the close of escrow or you will need help from the bank "forgiving" the difference.  In the past it was very difficult to get the bank to "forgive" anything (approve a short sale) and take less than what was owed but oh how times have changed.  It is easier than ever to get your short sale approved with the bank.  Not to imply it's easy, it's just easier than ever before.  Why?  Because the banks loose even more money if they let the home go into foreclosure and as you may have noticed banks have their fair share of foreclosures.

Advantages to do a Short Sale and Avoid Foreclosure

Did you know that if you are making your mortgage payments and complete a short sale there is a minimal negative impact to your credit and often times you can buy a home right away after the short sale?  Try buying a home after you have a home foreclosed on you, it may take years to qualify again.

With an approved short sale most banks will pay all fees needed to sell property including real estate commissions.  At the completion of the sale of the property you will be able to walk away owing the bank nothing in most cases and it is becoming more common for banks to help with relocation expenses.  Most banks will request homeowner to provide reason for hardship such as a job transfer out of area,  loss of job or loss of income, divorce or another acceptable reason.  With the help of a Fresno short sale experienced real estate agent your success will be greatly increased.

What is Stopping you from Short Selling Your Fresno Home?

It is very common to owe $50,000 to well over $100,000 more than your Fresno County home is worth.  What seems to be stopping most people from trying to do a short sale is they either think they will be getting a loan modification from the bank or they simply don't understand how to do a short sale and the advantages.  The facts are most people will not get a loan modification.  The banks have learned that even after they modify loans a very large percentage go right back into delinquency.  How many people do you know that ever a loan mod in the first place?  I work in the industry and talk to people every day and I know very few that had their loans modified.  What happens to most people is they keep waiting for their loans to be modified until one day they find out the home has been foreclosed.  Don't let this happen to you and call us today to learn about your options.  Yes, moving is a pain but is it worth $50,000; even $100,000 to you? If you could walk away after completing a short sale, not owing the bank anything, would you be interested?  I believe the short sale window of opportunity is open for a limited time. So if it's in your best interest, call us today for a confidential consultation.