A Short Sale is a special transaction that allows a homeowner to sell their home, even when the mortgage debt is higher than the value of the property. A Short Sale will help the homeowner:
Avoid Foreclosure
Avoid Bankruptcy
Protect Credit Score from "foreclosure" ding
Be free of financial & emotional burdens
Buying a Short Sale property requires patience. Sometimes the banks are overworked, and slow to respond. It's important that you have a good agent working with you to provide complete market updates, analysis and insight as to the property's current value and market indicators for that area. I am part of a Nationwide Short Sales Specialist Certification program, and have the inside knowledge, connections and tools to ensure a successful transaction.
If you need to Sell Your Home - please understand that there's a clear difference between Short Sales vs. Foreclosureand the potential impact on your credit. Be sure to read the attached report and you'll also find more links and information at the end of this page.
Stop Foreclosure! How a Short Sale Works
Please help get this invitation out to Kauai property owners. FREE Seminar for buyers and homeowners about how a Short Sale works, and how it can help prevent foreclosure! Space is limited, Register Today.
Kauai Short Sale and REO Listing Hotlist- updated weekly. ALL Kauai Short Sale and Bank Owned Foreclosure properties on the MLS, including those that have just gone into escrow.
Valuable Links and Resources:
The Mortgage Forgiveness Debt Relief Act of 2007, signed by President Bush, protects American families from paying Higher Taxes when they refinance their home. It also gives homeowners a 3 year window to refinance their mortgage and pay no taxes on any debt forgiveness they receive. Prior to this Act, if the value of your house declines, and your bank or lender forgives a portion of your mortgage, the tax code treated the forgiven as income that can be taxed. "When your home is losing value and your family is under financial stress, the last thing you need is to be hit with higher taxes." President George W. Bush, September 1, 2007
When facing a possible Short Sale or Foreclosure, it's very important to consult a CPA or Attorney for advise about your particular situation. If you need a referral, please contact me.
Loan Modification Resources: If you are looking for help you with your loan, please DO NOT pay anyone upfront fees - there are a lot of scams out there right now preying on homeowners in distress. Here are some reputable non-profit organizations focused on helping homeowners work out a Loan Modification:
Neighborhood Assistance Corp. of America: 1.888.302.6222
