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PREVENT FORECLOSURE - DO A SHORT SALE
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ROBERT KAFLINSKI
805-450-9594
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  Residential Realtor®  License # 01739255
Santa Barbara Real Estate ~ Santa Barbara Short Sales Help ~ Santa Barbara Real Estate ~ Santa Barbara Short Sale Help ~ Santa Barbara Real Estate ~ Short Sale Help Santa Barbara ~ Foreclosure Help
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Avoid Foreclosure on Your Home or Condo With a Short Sale

Are you currently behind on your mortgage, in serious default, or at risk of foreclosure?
Before putting your hands up and letting your lender foreclose, consider doing a short sale.
This basically involves selling your home for less than what you owe on it and getting your
bank to accept a discounted payoff for your mortgage. By doing a short sale, you can
free yourself of a heavy mortgage and avoid a foreclosure that would remain
on your credit report for the next 10 years.


Why banks accept short sales? 

Because it saves them money. It gets bad debt off their books so
they can reinvest that money by giving out another loan to a customer.
On average a Lender loses between $30,000 to $80,000 on each property
that they take back as a bank owned property.


Are short sales hard to get approved?

Not all lenders will agree to a short sale because, after all, it is a direct loss on their side.
But with government efforts to support foreclosure prevention methods, more and more
lenders are granting short sales to help struggling borrowers. To get your short sale
application approved, you need to convince your bank that it’s your best option,
and that a short sale makes financial sense for both parties.


When should I start the short sale process?

Some banks will let you do a short sale even if you’re still current on your payments, while
others require you to be at least 90 days behind. Others assess you based on your financial situation. One thing’s for sure, though: the earlier you act, the better. Most people start the short sale process when they’re already in foreclosure, and many end up losing their homes before getting a reply.




To find out if you qualify to short sell your home click here or call: 805. 450. 9594
Santa Barbara Real Estate
  Short Sale Process
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 Short Sales vs Foreclosures
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