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Follow on Google News | The True Cost of a Short Sale or ForeclosureGuillermo Serafin a broker associate with Berkshire Hathaway Home Services in South Gate CA, is working hard to get the word out regarding the truth about short sales and how they are a benefit not a negative to consumers. Guillermo Serafin is a top short sale broker in South Gate, CA who not only lists and sells short sale properties but educates both the general public and his fellow real estate professionals through classes and trainings. He also is a third party negotiator assisting other agents and brokers be successful with short sales. A short sale is a real estate transaction in which a home is being sold for less then the amount owed. Short sale transactions require the approval of all lenders or lien holders that are attached to the subject property. In simple terms a short sale is a debt settlement. Even though the real estate market has been on the recovery there is still about 1 in 5 homes in some kind of trouble. Banks would much rather take part in a short sale instead of having to foreclose on a home owner because after years of research and reviewing data they have finally come to the conclusion that they can get more for a home through the short sale process then just foreclosing on troubled home owners. There is a great deal of costs to a mortgage lender to keep distressed properties on the books so that is why they are happy to get them sold and doing it through a short sale minimizes the costs and makes it more profitable to dispose of distressed assets. Home owners who find themselves in financial trouble can contact Guillermo Serafin and his team based in South Gate, CA. Guillermo and his team specialize in assisting home owner not only with short sales but with any kind of foreclosure situations. Guillermo and his team will sit down with a home owner and review their current situation and see if a short sale is the best solution. If there is a way that a home owner could possibly stay in their home and it is the best financial decision for them Guillermo and his team will work hard to try to make that possible. Every situation is different and there isn’t one simple answer but there is one clear outcome for all situations if they are ignored the costs become greater. Guillermo Serafin was asked what does he think is the biggest myth about short sales and foreclosure in general and he responded as follows. “I think that the biggest problem out there for troubled home owners is miss information. To many people are not knowledgeable about how many options exist and me and my team have made it our goal to educate everyone about their options). If a home owner wants to know their homes current value Guillermo Serafin and his team based out of South Gate, CA have created www.homepricingmadeeasy.com a website where home owners can obtain a no cost home valuation of their property. They also have created www.thinkingshortsale.com a website for information regarding short sales. Guillermo and his team can be reached at the information below. Guillermo Serafin Broker Associate BHHS CA Properties BRE#01471159 8778011923 Ext-101 info@thinkingshortsale.com www.homepricingmadeeasy.com www.thinkingshortsale.com End
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