Benefits of a Murrieta Short Sale over a Foreclosure

The advantages of choosing a short sale over a foreclosure from a Murrieta short sale expert

If you are going through a tough financial situation and are worried that you have no choice but to let the bank take your home, this might not be the wisest decision for you.

As a Murrieta short sale expert, I have seen how selling homes as a short sale have benefitted homeowners who may have otherwise lost money and a good credit standing.

Here are a few benefits of doing a short sale:

1. You are in control of the sale, and not your lender or the bank.
2. You can spare yourself and your credit score from the stigma of foreclosure.
3. You can sleep better knowing who the next owner of your home will be.
4. Your short sale will be handled by a Murrieta short sale agent like any other normal home sale, with dignity and respect.
5. You can still be current on your payments while doing a short sale.

The waiting period to buy a new home is shorter after a Murrieta Short Sale

According to the latest Fannie Mae 2016 guidelines, you can reapply for a new mortgage 4 years after a Murrieta short sale, with a 10% downpayment.

If you applied for a short sale due to extenuating circumstances, you can reapply for a new Fannie Mae mortgage 2 years after the short sale, with appropriate documentation of the extenuating circumstances. If you went through a foreclosure due to extenuating circumstances, the waiting time would be 3 years instead of 2 years

You can also qualify for an FHA loan 1 year after a short sale.

Keep in mind that Fannie Mae and FHA guidelines are not a guarantee that you will be able to buy a home after those suggested timeframes since banks still have the final say and they might have overlays which can change the guidelines set forth by the government. Check with an experienced Murrieta short sale expert on available options you have when it comes to applying for a new mortgage after a short sale.

A short sale does less damage to your credit report compared to a foreclosure

A short sale does not appear as “short sale” on your credit report but as “paid in full for less than agreed” or “settled for less.” Certain HAFA guidelines allow for “no hit to credit” and can show up as paid in full. On the other hand, a foreclosure leaves a heavier dent on your credit report and remains there for 7 years.

Deficiency Judgments after a short sale vs. foreclosure

Deficiency judgments are negotiated between the short seller and the lender. In California, if the Murrieta short sale home is your personal residence and was financed through purchase money, you won’t have a deficiency judgment.

On the other hand, after a foreclosure, banks are usually unwilling to negotiate deficiency judgments.

According to the California Association of Realtors, a deficiency judgment can be filed regarding a hard-money loan if the lender forecloses under a judicial foreclosure versus a trustee sale, or if the second loan is a hard money loan and the sales takes place as a trustee’s sale.

You can ask your Murrieta short sale agent about these if it is too technical or hard to understand.

It’s easier to apply for a loan after a short sales than a foreclosure

Loan applications do not require you to include information about your Murrieta short sale. You can simply report your home as “sold.”

However,, you will be required to answer the question “Have you ever had a property foreclosed upon or given a deed-in-lieu thereof in the past seven years. Your loan may be denied if the lender sees you have had a foreclosure in the past seven years.

Going through a financial hardship does not mean you have no choice but to foreclose your home. You can call a Murrieta short sale expert and ask about how to go about the short sale process so you can save yourself from the hassle of a foreclosure or visit http://www.temecula-shortsaleagents.com for more information about doing short sales.

Call me, Sidney Kutchuk, now at 951-217-6745, to get expert advice on Murrieta short sales. With my years of experience with successful short sales, I can guide you smoothly through the short sales process and help you avoid the pitfalls and stress that most sellers go through during the short sales process.

In case you can not view this video here, please click the link below to view Benefits of a Murrieta Short Sale over a Foreclosure  on my YouTube channel: https://youtu.be/ICL9itS3C7A

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27276 Albion Ct Temecula CA 92591 | Home For Sale

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Grab this chance to own this beautiful home in Temecula Ca.

Set on a corner lot in one of the beautiful neighborhoods in Temecula is this beautiful two-level home for sale.

With 5 bedrooms, 3 full bathrooms and a 3-car garage, this single family home has an understated frontage but with a surprisingly stylish interior that you will surely love.

If you are looking for a move-in ready home with all the modern amenities you want, plus the convenience of being close to parks, shops, and schools, this is the home you have been looking for.

Reside in one of the best cities in Riverside County.

Temecula is one of the best cities in Riverside County and it has amazing neighborhoods, with Harveston being one of them.

Harveston is known for its impressive 17 acre Lake Park and homes in Cape Cod style.

This community offers a lot of amenities to its residents including a sports park, walking and biking trails, an Olympic pool, and a stunning community center.  In fact, the community home is popular because there are always event being held there, be it weddings, parties or community activities.

Harveston is near Highway 15 and Old Town. It is also located close to many wineries.

Do you know that Temecula is Southern California’s top wine region?  

There are over 40 great wineries in this area to choose from so you can spend days just going around the different wineries for wine tasting!

Fall in love with the cheerful ambiance of this Temecula home for sale’s  living room.

Be welcomed by this home’s beautifully landscaped front yard as you walk to its front door.

Step into a bright and lovely living room, with wide windows that let in plenty of light. With its pale cream colored walls and dark wood floor, you have a very stunning setting for your choice of seats.

A well-chosen sofa set with a side table and lamp can turn this living room into a cozy spot, best for relaxing and welcoming friends and guests who are visiting.

From the front door, you can see an elegant looking staircase with wooden handrails that lead to the second level.

And if you follow the path of the foyer from the front door, it will take you to this home’s combined kitchen and dining area.

Unleash your inner chef in this home’s impressive kitchen.

Hold your breathe and be amazed at this home’s sleek and modern kitchen.

The combination of granite countertops, gleaming stainless steel appliances and dark stained cabinets have never looked as good as they are in this kitchen.

Add the kitchen island and recessed lighting to that picture and you have a gourmet kitchen that can clearly impress anyone.

Set on big marbled tiles, this home’s kitchen looked like one of those kitchen showcases on model homes. That is how amazing this kitchen is!

At the other side of the room you will find the dining area.

Like the foyer and living room, the dining area has polished wooden floors.

Place your heirloom dining table and chairs in the dining area and you’ll have fantastic combination of modern and rustic feel in this home’s kitchen, giving it a very inviting feel.

This combined kitchen and dining area is spacious, open and well-lighted.

The clear sliding door that leads to the covered patio allows light and also provides a great visual when you are inside the home.

A special custom feature

Right beside the kitchen is another room where you can place a round table for a more formal setting.

This spot is well-spaced and cozy, perfect for a more intimate meeting and for those romantic dinners with your partner.

Adjacent to this cozy room is an ample sized bedroom with carpeted floors and sufficient lighting.

You have the option of using this as a guest bedroom especially for older relatives who do not wish to go up and down the stairs.

Or you can turn this room into an office so you have a place for your personal documents.

A secure and private retreat for your family

When you reach the top of the stairs, you will be greeted by a large and open family room.

A perfect place for your family, you can make it more personal by posting enlarged family photos on the wall.

You may also wish to install your a TV on the wall, and place comfortable couches so everyone can be relaxed  while watching their favorite movie or TV series.

The carpeted floor of this home makes it also a great location for your children’s play area if you have little kids.

Find privacy and retreat in the confines of the master bedroom.

Make this home’s master suite your private retreat, away from the hectic schedule of your work and activities.

Designed to allow as much light as possible through the wide windows, the room is bright and open and yet looks cozy and intimate.

This expansive room can certainly fit your king size bed, along with a few more furniture, and still give you and your partner room to move freely.

Get the best sleep and rest on your warm and comfortable bed.

Prepare yourself for the day in the ensuite bathroom with double vanity counter and smoked glass shower enclosure.

Another surprise waiting for you in the master bedroom is the massive walk-in closet!

Now you have plenty of space for those clothes, bags and shoes you use on special occasions.

It is so big you can even store there those clothes that do not fit your kids anymore.

The other bedrooms of this Temecula home for sale are just as cozy and beautiful as the master bedroom.

They also provide sufficient space for a study table, along with a few other furnitures you may want to put in the rooms.

Have tons of fun in this home’s picnic-like backyard!

If you think the interior features of this home is fantastic, brace yourself for more surprises waiting at this home’s backyard!

Do you remember the sliding door I mentioned in the kitchen area? Well, that door opens up to the most amazing view of this home’s backyard.

Let’s start with the patio and permanent outdoor dining.

This patio is the perfect spot for those moments when you wish to simply just relax, breathe in fresh air, and have a cool glass of drink.  

The permanent outdoor dining can be the best place for your parties and family time.

There is something to be said about eating out while listening to the chirping of birds and rustle of leaves that can be so relaxing and soothing.

At the side you can see a built in barbecue grill, best for family outdoor bonding activities or when you are entertaining.

Another special feature you can see outside this home is the outdoor fireplace. Imagine having friends over on a cool evening, having a glass of wine and talking while chatting around the fire.

A few steps to the left of the fireplace is an in-ground and oversize spa where you can relax and let the water ease your body’s tension.

You can also  add some daybed and an outdoor playground for the kids and your fun picnic-like backyard is set!

This Temecula home for sale is clearly designed for fun, entertainment and convenience. Get this home now for ONLY $554,663. If you want to know more about other similar Temecula homes, you can visit this website - www.RealtyWrks.com.

Call me, Sidney Kutchuk, at 951-217-6745. As one of the premier real estate agents here in Temecula, I am here to assist you find the best home for your family.

If you cannot view this video, click here to get to my YouTube channel: https://youtu.be/MZX7yIvluDw

Do You Really Need a Temecula Short Sale Expert to Sell Your Home?

 

Sell your short sale without added stress!

As the last step before a foreclosure, short sales can become an anxiety-inducing event in a person’s life. Just imagine how much time and money was spent on purchasing that dream home – only to end up having it listed under Temecula short sales.

Simply put, a short sale is when the seller needs to unload a real estate property for a price that’s lower than the amount needed to cover the mortgage.

It’s the last step before a foreclosure and while it’s not an ideal situation to be in, it’s definitely smarter than declaring bankruptcy.

Homeowners resort to short sales due to various personal financial difficulties. But no matter what type of situation your credit is in, you can definitely score an excellent deal on a short sale – you just need to know more about the entire short sale home-selling process.

What are the advantages of a short sale?

For buyers, purchasing a property on short sale is a great way to get your dream home at a much lower price. Sure, the entire home buying process takes way longer in comparison to buying a Temecula home for sale, but the price is definitely worth the longer wait time.

For sellers, short sales help protect your credit, prevent a foreclosure, save money on closing costs, and allow you and your family to stay on the property until the sale is completed.

Put my years of experience to work – here’s why you need my help as a Temecula short sale expert:

1. You will learn more about the entire short sale process.

As an experienced agent in short sales, I can help you get familiarized with all the industry jargon and other technicalities that you won’t be able to find anywhere online.

I can help make things simpler for you and your family to understand clearly the steps a seller of a short sale property undertakes.

2. You don’t have to spend all time in meeting potential buyers.

One of the tasks of a short sale agent is to meet with the possible buyers and their respective agents. Spend more time with your family by having someone else help you take care of the open houses and talking to buyers.

3. Your real estate agent will go to meetings with lenders with you.

It’s definitely not an easy task meeting with bank people who speak a different kind of industry jargon than you. Having a licensed California real estate agent who’s also an expert in Temecula short sales can help ease up any possibly stressful meetings.

4. Enjoy a worry-free short sale process.

We will be more than willing to handle all the selling stress for you. We have years of experience under our belts. It’s our responsibility to ensure that our clients are free of any unnecessary stress when selling a home.

If you need help in selling or buying Temecula short sale properties and don’t know where to start, go to: www.Temecula-ShortSaleAgents.com.

Call me, Sidney Kutchuk, at 951-217-6745 to schedule a confidential interview to go over your specific situation and to see if you qualify to sell your Temecula property as a short sale. We hold your information in strict confidentiality.

In case you can not view this video here, please click the link below to view Do You Really Need a Temecula Short Sale Expert to Sell Your Home? on my YouTube channel: https://youtu.be/WqeWg-KyW1c