What Is Included In The Short Sale Package
Hello this is Saul Carter with Other’s Realty in Modesto; we’re one of the leading short sale businesses in the Modesto area, so I would like to encourage you to contact us if you would like any information about short selling your home. I wanted to talk today about the short sale package and what goes into it. To get the bank to approve your short sale, we need to provide them with a "checklist" of documents. I don’t necessarily think they scrutinize every detail of these documents, however they need to be able to justify that they’ve done things...
read moreHow Much Will A Short Sale Agent Charge Me In Order To Sell My Home
Hello everyone Saul Carter here with Others Realty, where we are doing real estate the Others way, thank you for checking out my blog today. One of the questions I get asked on almost every short sale is how much do I charge to complete your Modesto short sale. As a Modesto homeowner who may be struggling to pay your mortgage every month it is hard to imagine also paying for a short sale. Thankfully I can tell you that you will not pay me a single penny out of your pocket. My commission is actually paid by your lender and comes from the proceeds of the sale. In fact, all of the closing costs...
read moreWhat Qualifies as a Real Hardship and Do I Need one?
Hey, I’m Saul Carter here with Others Realty, your Modesto short sale experts. Today I wanted to talk about hardships and doing a short sale and the requirement of actually having a true hardship. What is a hardship? A hardship is basically where you are not in the same financial situation that you were when you originally signed those loan documents. It also means you are unable to make payments for whatever reason. It has to be a legitimate hardship. An example of a legitimate hardship could be loss of job, moving, and curtailment of income, medical bills, or family medical bills....
read moreWhy Would A Bank Agree To A Short Sale?
Hey this is Saul Carter with Others Realty in Modesto. We’re one of the leading short sale teams in the Modesto area and I encourage you to check out our website for additional information and resources about short sales. I wanted to talk to you today about why a bank would ever agree to do a short sale. A lot of people look at it as if the bank is taking a huge hit on the loan that the homeowner has. That may even be what the bank tells some homeowners. Banks approve a short sale because they’ll make more money than they would if they were to have to foreclose on the home. In a...
read moreYour Short Sale 1099 From The IRS Can Be A Blessing In Disguise For Your Credit Future
Hello everyone Saul Carter here with Others Realty, your premiere short sale agent in the Modesto area, thanks for taking the time to check out my blog today. My team and I are here to help educated homeowners on their options for avoiding foreclosure and I use my blog to provide up to date information on the ever changing Modesto real estate market. If your mortgage is underwater and you are unsure what to do please take a minute to browse my website or give me a call to learn more about all of your options to avoid foreclosure. In my blog today I wanted to talk about the tax implications...
read moreIf I Decide to Complete a Short Sale, Will it Hurt My Credit?
Hey, I’m Saul Carter here with Others Realty, Modesto’s leading short sale team. I wanted to talk today about short sales and will they actually hurt your credit. Here’s the truth, yes it’s going to hurt your credit. However it’s not going to hurt your credit as much as a foreclosure and the upside to a short sale is it’s actually something that you can be in control of. You can decide when it closes; you can decide who buys it, within reason. Additionally once you’re forgiven that debt, I show my clients how to actually show it as a paid in full....
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About Saul Carter
Graduate 1995 BA in Business Administration, Marketing from California State University. Started in Real Estate 2002, sold residential for 9 months before moving into Commercial Real Estate, Specialized in Retail and Office space in the Central Valley of California. When the market turned in 2007 was caught off guard as commercial real estate dried up. Starting in late 2008 started pursuing short sales as a business strategy. Has Closed 50 short sales since January 2009. A combined total of liens negotiated: 82. Negotiated forgiveness of Debt: over $11 million. Has been an independent real estate broker since 2006. Started Others Realty in mid 2009.