Do you owe more than your home is worth? Are you having trouble making your payments due to financial hardship like divorce, health issues, loss of job or cut of income on job?
Our Company the Lori Bowers Group has been doing many short sales in our area for over 3 years. We are very proficient in getting the short sales excepted by the banks at minimal hassles to our clients.
Here are 5 tips to help you get through this process:
1. Be sure you have a complete and accurate and professionally presented package. This really makes a difference for bank approval.
2 months bank statements
2 years tax returns
financial statement
hardship letter
The agent will provide the rest if the information - compatibles,
2. Stay in constant contact with the bank- you and your agent. The squeaky wheel gets the oil.
3. Understand going in you may have to make a cash contribution to get the deal approved by the bank.
4. Keep your financial information updated. Bank statements and pay stubs cannot be over 2 months old.
5. Try not to me emotionally tied to the outmcome. Most cases do work out.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
