Excel Funding Real Estate Services, Inc. is there for homeowners needing to do a short sale Rancho Palos Verdes, California

Ready to short sell your home?

Don't know what a short sale is? A short sale happens when you owe more than what the house is worth . Short sales are typically the result of home prices in an area rapidly deflating.

For many homeowners, a short sale is an ideal way to avoid foreclosure or bankruptcy when they can negotiate with the lender to write off the remainder of the loan.

What's involved in a short sale?

First, figure out the true market value of your house. A qualified real estate professional, like Excel Funding Real Estate Services, Inc., will be able to give you a reasonable idea of what your house would possibly sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.

Need real estate advice? Contact me today to find out how Excel Funding Real Estate Services, Inc. can help.

Next, calculate your closing costs. My work in this area has taught me to consider fees including title report, appraisal, escrow, property taxes, and agent commissions to tally your final costs upon closing.

Finally, contact your lender and tell them of your situation. They may even have a particular department that manages short sales. Ask about their exact process. Some lenders will be more able to work with you than others. They may be able to lessen your loan principal or make other arrangements. Your lender will have to approve the final sale.


Excel Funding Real Estate Services, Inc.

28924 South Western Avenue, Suite 110
Rancho Palos Verdes, CA 90275