If I Decide to Complete a Short Sale, Will it Hurt My Credit?

Posted on Apr 11, 2012 in Modesto Short Sale Help | 0 comments

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. Yes it’s going to affect your credit and I can show you how to mitigate it. That’s one of the things that all of my clients at Others Realty get. I don’t hear of any other realtors out there showing them how to actually fix that post short sale.

It’s one of those things that yes it’s going to hurt your credit and the real question is how bad it is going to hurt your credit. It’s not going to be as bad as a foreclosure basically just on timelines and when are you going to have that bad credit start so you can start working on it to get it done. One of the things that I run into is people that were struggling each month for a year just to pay their mortgage. They wished they had made the decision a year earlier just to get it done and complete a short sale.

So, it is what it is, don’t fret about the past. Understand you’ve got the opportunity to take charge with a short sale. With a foreclosure or deed in lieu, you are not in charge. There is nothing scarier and truthfully I think that’s the biggest reason that people are scared of short sales is because they feel like they are not in charge. Find an agent that will help you be in charge of your short sale.

Again, I’m Saul Carter with Others Realty, Modestos leading short sale team and we’re here to help you get started on a short sale and figure out if it’s the best thing for you. Call us or send us an email and we look forward to speaking with you soon. Thanks and have a great day.

Try Out Our Short Or Stay Calculator

Posted on Apr 4, 2012 in Modesto Short Sale Help | 0 comments

Hello this is Saul Carter with Others Realty in Modesto. If you’re looking to short sell your home in the Modesto area or would like more information on avoiding foreclosure, please give me a call. Every year, I help homeowners like you walk away from their debt and make a better financial future for them. I’ve closed 90% of the short sales that I have worked with and I’d like to help you, too.

Today I wanted to talk to you about something that I’m really excited about – The Short or Stay Calculator. This tool helps the homeowner get a better idea of the financial obligations that they’re involved in with their home. What the homeowner really wants to find out is if their home is an asset or a liability. If it is a liability, how long will it take for your home to become an asset again?

What we’ve done is created this calculator that you can put in your address and mortgage information. By using this information, it will project how much it will cost you to stay in your home for the next several years. The average person stays in their home for seven years. If your property is upside down and you’re having some financial problems, this calculator can help you determine which is the better choice: stay in your home or short sell it. I really hope that this calculator can help every single person that visits the website and fills out the information. It’ll send you an email within minutes giving you a financial breakdown and let you know when you’ll get to that breakeven point.

There’s no obligation in using this calculator, but please know that I’m here to help you any way that I can with your underwater home. A short sale could be the solution to your financial problems, so please contact me today.

Is HARP Really Applicable To You?

Posted on Mar 19, 2012 in Modesto Short Sale Help | 0 comments

Hello this is Saul Carter with Others Realty in Modesto. If you live in the Modesto area and are looking to short sell your home, I encourage you to contact me. I am the short sale expert for the Modesto area and can offer you the information and experience that you deserve to successfully short sell your home.

Today I wanted to talk about the Home Affordability Refinance Program (HARP) that Obama has come out with in the past couple of months. It doesn’t necessarily apply to you. The truth of the matter is that years ago when they came out with the Home Affordability Modification Program, the plan was to have a ridiculous amount of homeowners do modifications in the first year. Unfortunately the program was not successful and most of those homeowners were back in default on their mortgage with 90 days of doing a loan modification.

So here we are in 2012 when they have come out with the HARP program. Supposedly the only requirement is that you are current on your mortgage for at least the last three months. The truth of the matter is that your loan has to currently be serviced or owned by Fannie Mae or Freddie Mac. They are the two biggest mortgage owners in the United States, so you may qualify, however not everyone has them for their mortgage servicer.

If you are curious on exactly what you need to do to qualify for the HARP program, please call me. But please keep in mind that every time one of these government programs comes about to help everyone out, in my experience every single one of these is actually a hindrance to me getting things done for my seller’s best interest. Sometimes my sellers do get a little bit of extra money here and there, but it usually takes a little bit more time or we lose a buyer in the process. But, that being said, these programs are out there and we’ll see how successful this program really is. Please fill out the Getting Started form on our website or give us a call with any questions you may have regarding HARP or short sales. Thanks for joining me today, I look forward to helping you successfully short sell your home.

Consider What Your Hardship Is When Starting The Short Sale Process

Posted on Mar 12, 2012 in Modesto Short Sale Help | 0 comments

Hello everyone Saul Carter here with Others Realty, your short sale specialist in the Modesto area, thank you for checking out my blog today. I have been closing short sales in the Modesto area for the last five years and use my blog to provide valuable content to homeowners who may be facing foreclosure. Whether you are behind on your mortgage or have simply seen the value of your home decrease rapidly it is important to know your options for avoiding foreclosure. If you have any questions on the short sale process, or are ready to get your file started, stop by website or contact me directly to arrange a free consultation.

For my blog today I wanted to discuss a topic that is a necessary part of a short sale that has changed a lot over the last few years. In the past few years the definition of a valid hardship has certainly changed allowing more and more homeowners to get out from under their distressed property. In the past I dealt with clients who were literally close to being kicked out of their homes because of job loss or unexpected financial problems. While it is still necessary to have a valid hardship more and more homeowners are considering a short sale because it makes business sense. Your Modesto area lender is in the business of making money and if a short sale makes sense for them, then it will make sense for you regardless of your hardship situation.

So if you are behind on your mortgage or a short sale makes the best business sense for you give me a call today to set up a free consultation. If you would like more information on the short sale process stop by website and browse my past blogs and several diferent short sale topics. This is Saul Carter with Others Realty, where we are doing real estate the Others way.

Take Care of a Bank and Do a Short Sale

Posted on Mar 5, 2012 in Modesto Short Sale Help | 0 comments

Hi, I’m Saul Carter here with Others Realty, Modesto’s number one short sale team and I wanted to talk today about short sales and how they actually help banks. The truth of the matter is, in a short sale, assuming the property is selling for market value; the bank is going to make more money.

I run into a lot of people who don’t want to do a short sale because they have signed paperwork with the bank that says they are going to pay them in full. I appreciate that, and from that same place, you need to know that when you do a short sale, you are doing what is in the bank’s best interest. That is the reason that I close 95% if my short sales. I help them make more money.

Over the course of doing the 80 plus short sales that I’ve done, I’ve netted the banks somewhere around $2.4 million dollars above and beyond what they would have made in a short sale. Just keep in mind when you’re doing a short sale, we’re doing what is in the banks best interest. They may complain, but in the long run, they are in one business and that is to make money. If we can make them more money, we can help you get out from underneath your property by doing a short sale as opposed to doing a foreclosure.

Here’s to doing real estate the Other’s way, where we are Modesto’s leading short sale team. Please give us a call or fill out the getting started form and we’ll get you taken care of right away. Thanks a lot and we’ll talk to you soon.