Thursday, September 8, 2011

Lake Forest CA Real Estate Foreclosures Should be Stopped ~ Short Sales at Lake Forest


Lake Forest CA home foreclosures should be stopped by owners doing SHORT SALES 

  • There are 150 Lake Forest CA properties now scheduled for trustee sale auctions after foreclosure at some time during the upcoming 6 weeks. LAKE FOREST CA
Lake Forest CA foreclosures should be stopped.
A SHORT SALE is where the homeowner owes more on the loans and liens than the value of the property, or that the owner has financial challenges and is no longer able to keep up with payment to lenders. 

Whether a SHORT SALE or another foreclosure alternative is right for you as Lake Forest CA homeowner is up to you and should be determined after consultation with your Realtor, a real estate lawyer and also possibly an income tax professional.


If your lenders/lienholders agree on your Lake Forest CA owner SHORT SALE of the property, they would:

  • approve your seller application and statement of financial hardship
  • agree to forgive some or all of your debt on the note secured by deed of trust (mortgage)
  • approve the buyers and their purchase offer terms
  • agree in writing to terms of short sale and lender conditions
  • approve the HUD1 estimated closing statement (usually prepared by escrow)
  • require close of escrow on the short sale by a certain date

Click here to see link to all Lake Forest CA short sale homes now listed for sale

If you are distressed property owner at Lake Forest CA, contact us at 949-854-7747 to arrange for your SHORT SALE consultation at Orange County CA real estate.  


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This is for information only and is not the providing of legal or taxes services.  The decision whether to do a SHORT SALE is up to you as homeowner while consulting with a real estate lawyer and probably also an income tax professional.

Harrison K. Long - solutions for real estate and business - REALTOR® and broker associate, GRI - Coldwell Banker Residential Brokerage - 949-854-7747 (phone) - (email) - CA DRE 01410855 - SFR short sale and foreclosure resource certified by the National Association of REALTORs® - also now serving as an appointed director at California Association of REALTORs®.  

Contact us about SHORT SALES ~ listing, selling and investing in ORANGE COUNTY CA real estate. 

Posted via email from Explore OC Homes


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