El Dorado, Placer and Sacramento Real Estate Certified Short Sale Specialist
If you can no longer afford your home or don't want to stay in it, a short sale may be right for you
There are still millions of US homeowners that own more money on your home than it is worth. We are Certified Distressed Property Experts and have a high success rate in helping homeowners negotiate a graceful exit from their home. Not only do we facilitate the short sale process with your lender we can help you prepare for that day when you can buy again!
When you successfully complete the short sale process, your credit recovery period is usually much faster than going through foreclosure.
Mortgage Debt Forgiveness Act Extended Through 2013. If you are considering a short sale, you will need to close escrow on or before the end of the year!
The Mortgage Debt Forgiveness Act of 2007 has been extended for one more year and there is no guarantee that this law will get extended again. Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. For instance, if someone owes $250,000 on their mortgage and their lenders agrees to a $200,000 short sale, $50,000 in debt is forgiven. This would have been taxable without an extension of the law..
We work directly with your bank
The Connie Barnes Team works with most leading banks and has a high success rate in negotiating and selling short sale properties. Connie Barnes has the people and systems in place to manage your short sale effectively. We work with lenders like Bank of America, Chase, Wells Fargo, OneWest / IndyMac, Golden One and many others.
Certifications include; RES.NET AMP REO, Five Star Institute REO and BPO, Equator Platinum REO and Short Sale, CDPE, BofA Short Sales Policies and procedures.
No out-of-pocket expenses
If a short sale is right for you, we can market your property and aggressively negotiate a short sale with your lender. All real estate commissions are negotiated and paid by your lender!
Short Sales; Our Real Estate Reality:
By Callie Mirsky: Short Sale Negotiator
We try to make this difficult process as easy as possible for our buyers and sellers. We provide you all of the information up front, discuss your options with you and try to find the solution that will work best for you. We take the time to explain what a seller might need during the transaction and keep you updated throughout the entire process.
We also work hard to make sure that we are easy to do business from the perspective of the bank. We are proud of the relationships we have built with the major banks and feel that this helps contribute to a smoother negotiating process. The biggest mistake agents or negotiators make is being overly aggressive with the bank representative who has complete control over your file. Our approach is professional and persistent which help us get results.
There is no greater satisfaction than truly being able to help each and every one of our clients. In selecting Connie Barnes as your listing agent, you can feel confident in knowing that your short sale will be handled in-house with the personal attention necessary to reach a successful closing.