Welcome, class today is on avoiding short sale pitfalls when it comes to selling your home…aka how to avoid short sale scammers!
When it comes to selling your home, whether you’re a home seller in California or anywhere for that matter it’s important you to know some of the short sale risks, pitfalls and scams in the marketplace in today’s real estate.
In CA we have a statewide (if you’re using a California REALTOR) “SHORT SALE INFORMATION ADVISORY” that helps you understand several things, including some of your SHORT SALE OPTIONS on page one. Followed by some of the “POTENTIAL IMPROPRIETIES” that are identified on pages 2 and 3 of the advisory. Typically the improprieties may include promises by some who identify themselves posing as “rescuers” making promises that may include:
- Promising to let you remain in your home after escrow closes.
- Promising to protect your credit.
- Promise to provide you money (cash for keys) at closing.
- Guarantee to stop your foreclosure.
- Suggest you NOT talk with your lender.
- Suggest if you sign over your deed to them (maybe an LLC or a Trust) they will negotiate with your lender for you.
EVERY SINGLE ONE OF THESE ARE RED FLAGS!
So if you’re a home seller looking for knowledgeable competent real estate help, contact me Lynda@PreferredHomeBrokers.com or direct or text me at (714) 595-1494.
I’m a CDPE, that means I’m a Certified Distressed Property Expert working with upside down home owners. You can work with me, or any of the PREFERRED REALTORS at Preferred Home Brokers in Southern California. We’ve been in business for over 35 years working successfully with home buyer and sellers. And if you find this 2-Minute Real Estate Video helpful, please subscribe to my YouTube Channel!