Sometimes Life Just Doesn't Go as Planned. 
Circumstances can change in an instant and sometimes difficult decisions may have to be made. If you think you may have to consider a short sale, the time to act is now. Don't wait for the foreclosure clock to start ticking, know your options now so you can better prepare for what may lay ahead.
A good first step is to visit to see if you may qualify for relocation assistance.
Contact me Today to schedule an appointment to discuss your particular situation and see if a short sale may be right for you.

What is a Short Sale? 
In a nutshell, a short sale occurs when a homeowner's mortgage company or companies, agrees to accept less than the full balance of the loan at closing. 

Do I Qualify? 
A homeowner may qualify for a short sale if:

  • There is a verifiable financial hardship.
  • The homeowner is financially insolvent. 
    (Meaning that they owe more than they have in liquid cash or assets that could be used to pay down their mortgage.)

What is an Acceptable Hardship? 
There are many scenarios that could be considered an acceptable hardship, some of these are:

  • Loss of job
  • Business failure
  • Damage to property
  • Death of a spouse or family member
  • Severe illness
  • Divorce or separation
  • Military service
  • Payment increase or mortgage adjustment
  • Medical bills
  • Incarceration

Options for Homeowners in Distress.

  • Reinstatement
  • Forbearance or Re-Payment Plan
  • Sell the Property
  • Rent the Property
  • Refinance
  • Short-Refi
  • Mortgage Modification
  • Deed-in-Lieu of Foreclosure
  • Service Members Civil Relief Act (SCRA) - More Info
  • Short Sale

Communication is Key 
Communication and cooperation are essential to a successful short sale. Your lender(s) may, and often do, ask for additional and/or updated documents during the approval process. Responding as quickly as possible to requests will help expedite the process. 
Here is a list of important documents that you should begin to gather to submit for a short sale:

  • Last 2 months bank statements for all accounts
  • Last 2 paycheck stubs for all borrowers
  • Last 2 years tax returns (federal) with all schedules
  • Last mortgage statement
  • Last HOA statement (if applicable)

The short sale process can be tedious and emotionally exhausting, I am sensitive and understanding of the toll financial difficulties can take on families and relationships and the need for discretion. I have the knowledge and experience to guide you through the process with the utmost care and efficiency, AT NO COST TO YOU! Don't wait for time to run out, doing nothing is the worst option of all.

Help is Free and Confidential
Contact Me Today to Learn More!

Contact Info
Michael West

CA BRE# 01861187 | NMLS®# 1328682

Venture Pacific REI

P.O. Box 2667
Vista  California 92085


More Info

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