Midas Realty Group is

Southern California's first choice when listing a property for sale-

Because Everything We Touch... Turns to SOLD!

Short Sale Services

Our short sale Realtors go above and beyond to make a difficult process easier.

When mortgage payments become unmanageable, a short sale Realtor will evaluate a homeowner's situation and options More

Short Sale Requirements

Banks don't just agree to short sales for everyone ... a homeowner must qualify

Our short sale Realtors know exactly what your lender wants, and our clients are prepared from the beginning. More

Short Sale Test

Not Sure if you would qualify for a short sale? We have included a free online test for you.

Take the short sale quiz and get immediate results. For more complex situations, Call one of our short sale Realtors. More

Three Minimum Requirements to Qualify for a Short Sale

Short Sale Realtor Request

Short sale evaluations for California homeowners are provided by an experienced short sale Realtor to property owners considering a short sale. The consultation is FREE and there is no obligation and never a cost to for California homeowners exploring their current mortgage options Work with a Certified HAFA Specialists (CHS) and Certified Distressed property Expert (CDPE), and if you qualify for the HAFA program we will advise you of your options.

California Short Sale Information

800-546-2289

Free valuation to discuss options

Not all homeowners qualify for a short sale. The current lender(s) will request several items in order to evaluate each file, but there are three easy qualifiers that should be present in order to determine right away if a household qualifies

E-Mail Address

First Name Last Name

Address

City State Zip

Home Phone Work Phone Ext

Are You Currently Behind In Your Mortgage

If behind in your mortgage, how many payments

How Many Loans Do You Have on Your Home

Type of Assistance Desired

Best Time to Contact You

Comments

1-There must be a financial hardship.

A hardship is something that has happened, is happening, or is soon to happen that will effect a homeowner's ability to continue making their mortgage payment. This event will have happened between the time the loan papers were signed and today. Some possible hardships include but are not limited to the following:

Disability

Divorce/Separation

Illness

Military Service

Reduced Income

Too Much Debt

Unemployment

Incarceration

Job Relocation

Medical Bills

ARM loan adjustment

Business Failure

Death of Spouse

2- Negative is actually positive when qualifying for a short sale as there must be a monthly shortage of money. The lender will request a financial worksheet to be completed and submitted. The worksheet will itemize ALL monthly expenditures including the current monthly mortgage payment (s). While

seemingly difficult, this step is actually very easy as the lender uses the following equation:

monthly income - total monthly expenses = negative cash flow

3- You must be insolvent. Insolvency to then lender means that you do not have the means to pay down your mortgage and you have more debts than you do cash or assets. If you have small reserves of basic living expenses you will not be disqualified; however; the lender will verify to make sure you do not have assets that would allow you to pay your mortgage(s) either now or in the near future.

While a short sale can seem intimidating, the process is really quite easy and effective as long as the qualifications are met and as long as you are rely upon an experienced professional in order to negotiate your short sale. MIDAS REALTY GROUP is both experienced and knowledgeable in the successful negotiation of short sales. Most importantly, there is never a cost to the homeowners that rely on our experience and credentials.

If you or someone you know is in need of the relief a short sale can provide, please contact our office today for a FREE consultation at 800-546-2289 or complete the free evaluation request to the left to speak with a professional experienced in short sale negotiations.

California Short Sale Realtors!