Short sale is a kind of real estate method, where you owe more than the value of your property. Mortgage companies and lenders such as your local bank and other financial institution would allow you to do the method, so you can avoid undergoing foreclosure proceedings and downfall in your credit scores in the long run. For more information please visit us at http://www.DavidYaffeeTV.com

1. How to Apply for a Short Sale ©www.DavidYaffeeTV.com

2. How to Apply for a Short Sale Short sale is a kind of real estate method, where you owe more than the value of your property. Mortgage companies and lenders such as your local bank and other financial institution would allow you to do the method, so you can avoid undergoing foreclosure proceedings and downfall in your credit scores in the long run. ©www.DavidYaffeeTV.com

3. How to Apply for a Short Sale Compared to a foreclosure, you could easily avoid problems on your credit scores if you undergo this kind of real estate technique. But how to apply for a Short Sale? This article has several steps on how you can apply for this method, so you can avoid foreclosures and collapse in your credit rating. ©www.DavidYaffeeTV.com

4. How to Apply for a Short Sale Contact your local bank and other financial firms. Banks would act as lender in this kind of method, so it is their task to help you out solve your real estate dilemma. Have a heart to heart talk with the Loss Mitigation Department and explain your hardship to them and prove that you really need to undergo the method. ©www.DavidYaffeeTV.com

5. How to Apply for a Short Sale Know the requirements on how to apply for a short sale. Do your best to get all the necessary requirements in short selling your property. They will inform you to produce a hardship letter and before you go out of their office, get their names and other contact details. ©www.DavidYaffeeTV.com

6. How to Apply for a Short Sale Find a real estate agent, who has keen knowledge on this method. Once you have found your trusted Realtor, ask him or her to conduct a market analysis and take some photos of the property. You can also seek help from your Realtor on how to do the hardship letter. They know better than you what to write on it so don’t hesitate to ask for help. ©www.DavidYaffeeTV.com

7. How to Apply for a Short Sale Prefer your hardship letter. Write in your hardship letter the reason(s) why you can’t pay your loan mortgage anymore. Include a copy of your latest bank statements for the past three months, a certification letter stating that you were terminated from your job and even your W-2 Statements. Also, include the market analysis and photos of the property done by your Realtor. ©www.DavidYaffeeTV.com

8. How to Apply for a Short Sale Prefer your hardship letter. Write in your hardship letter the reason(s) why you can’t pay your loan mortgage anymore. Include a copy of your latest bank statements for the past three months, a certification letter stating that you were terminated from your job and even your W-2 Statements. Also, include the market analysis and photos of the property done by your Realtor. ©www.DavidYaffeeTV.com

9. How to Apply for a Short Sale Also, include the market analysis and photos of the property done by your Realtor. Send the hardship letter and other documents to the Loss Mitigation Department. Follow up with them every now and then. Processing of this method takes several months so you need to be very patient. ©www.DavidYaffeeTV.com

10. How to Apply for a Short Sale Be ready for additional requirements. There are times when the Loss Mitigation Department would ask additional requirement from you before they can proceed with the processing of your application. You may ask your Realtor about additional requirements needed in short selling properties. ©www.DavidYaffeeTV.com

11. How to Apply for a Short Sale Wait for an offer. Once you have an offer, your lender will agree or disagree to do the short sale once an offer comes. The last say will still be coming from the lender, if they will allow it or not so be good to your lender during and after the transaction. Hire a real estate agent who has short sale experience. Hire a very competitive and trusted real estate agent to have a perfect deal. ©www.DavidYaffeeTV.com

12. How to Apply for a Short Sale If you are looking for the best Sacramento Short Sale Realtor. You can't go wrong by choosing David Yaffee. He is one of the most trusted and expert Realtor in the entire Sacramento region. If you want to use David Yaffee'sSacramento Short Sales expertize then just go to his site. ©www.DavidYaffeeTV.com

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