Who Is The Best Short Sale Agent In Mission Viejo

Who Is The Best Short Sale Agent In Mission Viejo


A short sale is the sale of a home in which the proceeds from the sale are not sufficient to pay off the existing loan(s) but the lender(s) accept(s) the discounted amount to fully satisfy the loan(s).

A foreclosure is the process a home goes through when a lender attempts to recover the balance of a loan from a borrower who has stopped making payments.

Once a home has been foreclosed on by the bank, it becomes an “REO” or real estate owned property that is sold by the bank.

Orange County has hundreds of Short Sale and REO (also known as “Real Estate Owned” or “Bank Owned”) listings on the market at any given time. These range from condos to starter home, to custom estates priced well into the millions. Short Sales and REO’s have been in all neighborhoods. Newer residential developments such as
REO and Short Sale homes are commonly lumped together because they relate to foreclosures, but they are quite distinct from one another. Short sales happen before a property goes to foreclosure, while REO/Bank Owned properties are sold after the home is foreclosed and the bank or lender takes control of the property. Short Sales also typically involve the homeowner and/or their agent getting lender approval to sell below what is owned to the bank(s), while REO sales are usually direct negotiations with the lender and the real estate agent for the investor or potential buyer.
Finding the best short sale real estate agent in Laguna Niguel can be tough: You want to ensure that he or she is familiar with short sale process and has expertise on handling this type of transaction. Many people rely on recommendations from friends or family – but this could be a serious issue causing for short sale not to be approved. what works for someone else might not be the best fit for you. To help you narrow the field and spare you the effort it requires evaluating each agent's qualifications, U.S. News will match you with the ideal Laguna Niguel Realtor who has experience buying or selling a home like yours. Just tell us what you're looking for and we'll find the person best suited to help you.

Who Is The Best Short Sale Agent In Mission Viejo

Only about two out of five short sales are approved by lenders. But a Realtor who is trained in handling Short Sale listings and has a good testimonial this will increase your chances of getting an approved contract.
A qualified real estate professional can show you short-sale homes fitting your lifestyle, help negotiate the purchase with the seller and the seller’s lender, and offer smooth communications with all the mortgage lenders.

Hadi Bahadori / Realty One Group
23811 Aliso Greek Rd Suite 181
Laguna Niguel CA 92677

Real Estate Short Sale Agent In Mission Viejo

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Real Estate Short Sale Agent In Mission Viejo