Lake Elsinore Real Estate Agent & Short Sale Specialist REALTOR 92532,92530.

Oct. 15, 2012 - PRLog -- Helpful Short Sale Tips For Lake Elsinore (92532,92530) Homeowners.

You want the truth about short selling your home in Lake Elsinore, Ca 92532, not just what some random person has said. You need to know the correct information and be assured that it is legitimate. You will most likely find exactly what you are looking for right here on our website.

Short Sale

Instead of defining market value as what buyers are paying for similar homes in your zip code, think of it as what buyers are able and willing to pay. When determining selling price, be sure to make allowances for the availability of short sale and foreclosed homes. A house may be worth it, but only if prospective buyers are willing to pay the price for your home in Lake Elsinore.

If you are doing short sale on your house, make sure you have a competent short sale specialist agent working for you. If you do not have someone who is familiar with the proper procedure in dealing with short sales and negotiating with the banks, you are going to have a very hard time getting your short sale approved.

When trying to short sale your real estate on the market, look into new regulations on how to sell the property. In the past, many people had to go into default on their mortgage, in order for the bank to consider a short sale. Now there are new federal programs so that you do not have to destroy your credit, just so you can negotiate a short sale with the bank.
In summary, you want to be careful who you take advice from with regards to short selling your home in Lake Elsinore. It is important that you have the correct information and that it’s clear to you how the entire short sale process works from start to finish.

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Legacy Homes Realty
Office: 951-226-0905
Toll Free: 855-225-3422
Fax: 951-220-6733
http://www.LegacyHomesRE.com