Have you been waiting for the perfect time to buy a home?

Here it is!

Why buy a Short Sale home?
price! Price!! PRICE!!! A Short Sale home may be negotiated 10-15%  lower than the current appraised market value in the area. In many cases, that price is up to 50% less than the orginal price of the home. Many short sales are newer homes.  A qualified Buyer will have a wide array of homes from which to choose at prices surprisingly below expectation. 

Why Buy a CAshortsaleHOME?
Full disclosure from Seller and Agent, including termite, environmental and property tax reports are available to the Buyer on acceptance of the offer. The Buyer is entitled and encouraged to get a professional home inspection and to continue his due diligence in accepting the property in "As Is" condition. 

Why use a REMERGE Short Sale TEAM Agent?
Many Agents on the REMERGE Short Sale TEAM are loan officers too! We ensure that you are able to get a loan you are comfortable with before you make an offer.  Our Agents will help you locate a great short sale home. Always check out the CAshortsaleHOMES  inventory first. REMERGE Transaction Coordinators is staffed with top notch negotiators and processors. We know what Banks want and can negotiate a sale for thou$and$ under the last comparable sale!  Your best deal is with us.

Why use Network Lending?
The Banks that enter into short sale agreements require that the Buyer has Loan Approval and will be able to close a loan quickly once it is approved. Network Lending will collect the documentation from you to provide your Loan Approval Letter based on the loan options that you select and keep you current with news in loans while we are waiting for bank response. The chance that your offer will be accepted are maximized. The chance that you will close the transaction is assured. And, you will love the service.

Can I use my own lender?
Yes. However, all Buyers must contact and obtain Approval from Letwork Lending to assure qualification. No exceptions.

How is a Short Sale different than a regular transaction?
The Seller's signed acceptance is a necessary first step but not the final decision in a short sale. The Seller/Homeowner is only concerned that the transaction is closed as fast as possible. The final price, terms, conditions and approval of a short sale is with the Banks and other lien holders.  Incomplete or transactions that otherwise need further attention from the Bank will be put aside. The REMERGE Short Sale TEAM  will structure the original offer and prepare it for immediate negotiation with the Bank.  The cooperation and patience of the Seller, Buyer, Agents and the Bank are required for a succesful close of escrow.

What can I expect from the Banks?
The Banks will reduce their loan pay-off,  substantially in order for the short sale to close. 
               The Holder of the 1st TD will evaluates the offer against current fair market value. 
               The Holder of the 2nd TD generally demands 10% of the outstanding loan amount to provide the Release of Lien.

What closing costs does the bank generally pay?
The 1st TD will pay real estate sales commission, the Seller side of escrow and title services. The bank may or may not pay the natural hazard disclosure reports, county and/or city transfer taxes.   

What closing costs does the bank generally NOT pay?
The Buyer should expect a final counter offer when the banks submit their terms and conditions for approval. The bank may counter on price. The Bank may allow a "reasonable" credit to the Buyer for closing costs.  Generally, the bank wdoes NOT pay for termite inspection and repairs, any repairs or upgrading to the property, retrofitting or certifications required by local codes, Home Warranty and HOA past dues, HOA document fee and/or HOA transfer fee.

What closing costs, per RPA page 2 that the bank pays depends on the offer and the directives of the investor who owns the loan. Bank terms of approval change from offer to offer.

How does that affect my closing costs?
The closing costs are generally higher in short sale homes because of the bank usually does not pay all typical seller side closing costs.  We help you structure your offer so that most of the extraordinary closing costs are covered.  Our experience works in your favor.

What are the disadvantages of buying a Short Sale home?
The time element is unpredictable and uncontrollable. You must have patience to sit out what may be a 2-4 month or more short sale process. Because of the volume of defaults and shortage of Bank Loss Mitigator staff to manage short sale transactions, it may take 90 days or more from submission before a transaction is reviewed. Once approved, close of escrow occurs as soon as the Buyer's loan can close.

Is there any risk to making an offer on a CAshortsale HOME? 
Absolutely not. We do not collect an initial deposit or open escrow until the buyer agrees to the bank's terms of approval. Thus, the buyer can cancel a short sale offer at any time prior to Bank approval. So, you risk nothing when you make an offer to buy a short sale home. 

Take advantage of 
the incredible prices of the shortSale Market!
Get Loan Approval today!

Contact
Shelly Gorenstein
for a Confidential Consultation

Toll Free:  877-473-6374
E-mail: shelly@remerge.com

The REMERGE Short Sale Team