It comes as no surprise that the Real Estate market is tough right now. Having worked in the Real Estate industry with everything from beautiful vacation homes in the Oak Shores community on Lake Nacimiento, to many foreclosure properties; I’ve seen the market ebb and flow. It can be tricky to understand all the changes, processes and options that are available for your particular circumstance, not to mention it being somewhat overwhelming. That’s why I’ve decided to bring some clarity by hosting a Short Sales Seminar next Thursday, September 9th!
You may be wondering if a short sale is right for you. If your home is “underwater,” meaning you owe more on your home than it is currently worth, than a short sale could be your best option. The market is seeing many homes that are underwater which, in turn, is the reason that foreclosure properties are flooding the market. The goal is to keep your home from going into the foreclosure process and many are turning to short sales as the answer.
So, what is a short sale? A short sale is a transaction in which the lender agrees to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
During this seminar, we’ll have an attorney and CPA present an overview of the legalities of the short sale process. Buyers are welcome as they can explore the opportunities and cautions for buying short sale properties. Sellers can discover the benefits of avoiding foreclosure and the basic requirements to have their lender approve a short sale.
If you currently own a home that is underwater (meaning you owe more than it’s worth) or are curious about the short sale process; we’d love to have you join us! Or, if you’ve seen short sale homes on the market and are interested in purchasing, this seminar will help you in your decision as well! We hope to see you there!
September 9th -5:30 pm
121 N. Vanderhurst, King City
RSVP: Grace- 831.595.9939
For more information, please visit out website at www.iwantashortsale.com.
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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.
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