When a seller decides to sell their home and they owe more than what it can sell for, this is called a short sale. 

So what does it take from a seller?  You have already been spinning like clothes in a washing machine and probably have shed some tears and some cuss words.  In addition you are on a roller coaster wondering what steps to take.

My partner and I recommend talking to several professionals including a CPA for tax consequences, an attorney for legal aspects and experienced REALTORs who can sell your home.

When you are ready to take the step use the REALTOR who will work best for and with you.  From a seller standpoint, we need you to be in a position to quickly gather the needed financial documents the bank requires.  IF you dwaddle it prolongs what we can accomplish for you.  We also need the seller to contact the bank and tell them you are doing a short sale and give them the agent's name and contact information.  Even better is to fax the information to the bank.   We have found when a seller is vocal with the bank the process is shorter. 

Our main job is to get your home in contract with a viable buyer, and from that point on we will be in constant contact with your lenders pressing for a short sale approval and negotiating terms that are acceptable to you, the seller.  This is where a short sale takes the longest, getting the paperwork to the bank, getting assigned a negotiator, negotiating with the lender, getting approval and then the buyer starts their process of inspections, getting their loan tied up and then closing!!

When the day the home closes, many of our clients are breathing a sigh of relief, knowing it is over and they can go on with their life, planning for the future.

Please do not hesitate to call (707-319-2828) or email me or my partner Jenny Castaneda (707-592-4444) if you have any questions.  We are here to sell real estate, that is our job, whether it be a short sale or conventional sale or bank owned property.  We have the experience and know how for all your real estate needs.