Short Sale Options

Option # 1    Sell Your Home
If you need to sell your home please consult with us to determine the value of your home’s value. CLICK HERE – Market Analysis  . Using our experienced Team, we will work closely with you and your bank if needed.  We have over 20 plus years of real estate experience.

Option # 2    A Short Sale – The Bank Looses
There are tax implications that should be discussed and verified before choosing this route.  Target Assets has a team of professionals and a legal team that can work with you and your bank if the home is worth less than your mortgage balance. Not everyone will be approved to do a real estate short sale. A short sale allows the bank to take the loss and move on because essentially, the banks do not want to own real estate. Banks are not in the business of losing money nor are they in the business of selling Real Estate.  It takes professionals to show them that the short sale will be better than foreclosing and losing more time and money.
Target Assets specializes in REOs and because of our direct relationships with the banks, we know whom to speak with about your home.  Banks are willing to work with us because they are use to having us represent their sales in neighborhoods like yours for bigger losses...

Option # 3    Refinance or Modify Your Loan
Banks are not looking at refinancing unless there is more than 30% equity.  Target Assets works with the largest privately held mortgage company and has relationships with the Triple A banks such as Bank of America, Wells Fargo, and WAMU to name a few.  Target Assets works with this diverse group to achieve the best possible options in this market.
There are many companies claiming to “Modify,” your loan.  In California you can look on the DRE website to see the few companies that are approved.  Do not give money to any company, or realtor that is not on this list.  It is against the law to give money to a realtor to modify your loan. The best option is to work with a Real Estate Attorney that has experience in this field.  Target Assets has relationships with Real Estate Attorneys through Legal Mortgage Solutions that you can contact directly that are well versed and successful in the modification process.

Option # 4    Negotiate a Forbearance Agreement
A forbearance agreement should be considered only after consulting with Target Assets. In most cases the bank will add the payments and fees that you have not paid to the principal of your home.  This may sound like promising alternative unless you consider that your home may be less than the mortgage that you already owe.

Option # 5    Deed in Lieu of Foreclosure
A Deed in Lieu is as lengthy a process as a Short Sale.  Though the owner will not be bothered with the paperwork involved in selling the property, they should consult with Target Assets to determine the pros and cons.

Option # 6    Walk Away
If this thought has crossed your mind we are here to help.  Walking away and doing nothing will affect your credit indefinitely.  We don't recommend that you do this, and would suggest that you contact Target Assets immediately….you have options!