It should come of no surprise when you are considering short selling your home, everyone becomes an expert. Experts are out in droves, especially right after you get your first 30 day late recorded against you on your credit report. As if my magic, your name and address gets filtered and published at a cost to obtain. Those that are willing to pay that “cost” are local law firms, local real estate agents and other “vendor” types that have become Short Sale Experts.
One of the new “Vendors” in the world has to do with “Securitization audits”. For about a grand, they will have their spies research your chain of title and report back if your were a victim of the dreaded “robo signing”.
After they prepare their report and get it back to you, what you do next is up to you. However, know this, for the courts to hand you a home “free and clear” is probably too much to expect if you were a victim of the “robo signing” procedure.
However, you may able to stay in your home a bit longer. You may also be able to use that as leverage with your bank and force them into a principal reduction. All this is based on a “maybe”.
Here is the deal – for all of these processes make sure you set up a meeting with your real estate agent first. We are the best first stop, that is if your chosen real estate professional is well connected. Also, if they are also plugged into other resources that are going to have to be counseled with regarding your contemplation of a short sale.
Included in this list are Tax Accountants, BK attorney’s and Real Estate attorney’s. Your Santa Clarita short sale professional, like a GREAT home inspector, should be able to refer you to other “experts” if there is a sign of trouble in the short sale briefing.
Examples of “sign of trouble”, are: $500,000.00 liquid in a bank account(not just this amount – but large deposits of cash or liquid funds). Multiple Investment properties needing to be sold short. “6 people on Title of the home wanting to have sold short(multiple people on title). We have other examples too we talk about in our Short Sale briefings. Just make sure you are using a local Short Sale Expert. One that has a staff hired with the singular purpose of getting your short sale completed in the most secure way possible.click here to see how the REMAX Paris911 Team handles your short sale