Laguna Beach Realtor Helps Upside Down Home Owners
The Laguna Beach Real Estate market has seen an increase in the number of short sale homes coming on the market due to the high inflationary prices from five years ago when many Laguna Beach homeowners bought their homes. Due to the decline in the real estate market and the current economy many Laguna Beach homeowners are choosing to short sale their home instead of letting the home go into foreclosure. This has become a common trend for many beach homeowners here in Southern California who have fell to the current economic times
The Laguna Beach Team congratulates Denise De La Torre, a local Laguna Beach Realtor, for working with financially challenged homeowners who owe more than their home is worth and are unable to pay their monthly mortgages. The Laguna Beach market has seen an increase in the number of short sale homes coming on the market due to the high inflationary prices from five years ago when many Laguna Beach homeowners bought their homes. Due to the decline in the real estate market and the current economy, many Laguna Beach homeowners are choosing to short sale their home instead of letting the home go into foreclosure. This has become a common trend for many beach home owners here in Southern California who have fell to the current economic times.
What is a short sale? A Short Sale is probably the best alternative to a foreclosure that a homeowner has to choose from. The days of doing loan modifications are long gone and now short selling has become commonplace. A short sale or also known as "short pay" allows the homeowners to get out of their home at the current market value price. In essence, the difference between what the homeowner owes to the bank and what a qualified buyer is willing to pay is known as the amount the homeowner is asking the bank to short pay, or forgive, in this manner. There can be tax implications to doing a short sale so we always advise you speak with a license CPA or attorney. It's important to also realize that you may not qualify to perform a short sale with the bank. You may have too much money in the bank or may not have sufficient hardship to justify the short sale. If you do qualify, it's important to work with a local Laguna Beach real estate agent that understands the local Laguna marketplace and can perform the tasks of a short sale.
If you are a real estate investor or Laguna Beach home buyer you will find nearly 20% of homes on the market in Laguna Beach are short sales. Short Sales are typically priced below market value to entice the buyer to submit offers. Homes priced in the $500,000 to $750,000 range will sell very quickly. Please contact us at 949-466-6876 for more information on Laguna Beach short sale homes. No matter if you are looking to buy or need to sell your home as a short sale we can help.
If you are interested in buying Laguna Beach Short Sales please visit our Laguna Beach Real Estate website today.
Media Contact:
Denise De La Torre
Laguna Beach Realtor
949-466-6876
PR courtesy of Online PR Media: http://bit.ly/idBe5T
The Laguna Beach Team congratulates Denise De La Torre, a local Laguna Beach Realtor, for working with financially challenged homeowners who owe more than their home is worth and are unable to pay their monthly mortgages. The Laguna Beach market has seen an increase in the number of short sale homes coming on the market due to the high inflationary prices from five years ago when many Laguna Beach homeowners bought their homes. Due to the decline in the real estate market and the current economy, many Laguna Beach homeowners are choosing to short sale their home instead of letting the home go into foreclosure. This has become a common trend for many beach home owners here in Southern California who have fell to the current economic times.
What is a short sale? A Short Sale is probably the best alternative to a foreclosure that a homeowner has to choose from. The days of doing loan modifications are long gone and now short selling has become commonplace. A short sale or also known as "short pay" allows the homeowners to get out of their home at the current market value price. In essence, the difference between what the homeowner owes to the bank and what a qualified buyer is willing to pay is known as the amount the homeowner is asking the bank to short pay, or forgive, in this manner. There can be tax implications to doing a short sale so we always advise you speak with a license CPA or attorney. It's important to also realize that you may not qualify to perform a short sale with the bank. You may have too much money in the bank or may not have sufficient hardship to justify the short sale. If you do qualify, it's important to work with a local Laguna Beach real estate agent that understands the local Laguna marketplace and can perform the tasks of a short sale.
If you are a real estate investor or Laguna Beach home buyer you will find nearly 20% of homes on the market in Laguna Beach are short sales. Short Sales are typically priced below market value to entice the buyer to submit offers. Homes priced in the $500,000 to $750,000 range will sell very quickly. Please contact us at 949-466-6876 for more information on Laguna Beach short sale homes. No matter if you are looking to buy or need to sell your home as a short sale we can help.
If you are interested in buying Laguna Beach Short Sales please visit our Laguna Beach Real Estate website today.
Media Contact:
Denise De La Torre
Laguna Beach Realtor
949-466-6876
PR courtesy of Online PR Media: http://bit.ly/idBe5T
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