This site is designed to assist Sellers, Agents, Buyers, and Mitigators in dealing with short sales.

Define A Short Sale

A sale of a property in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure and the owner is able to pay off the loan for less than what he owes



SHORT SALE s. PRE-FORECLOSURE SHORT-SALE

Many distressed borrowers are people who initiated loans through sub-prime lenders or refinanced all the equity out of a property (also known as equity stripping). What's happening now is a lot of consumers don't have equity they were expecting, and can't refinance as they hoped, due to a softening market, higher interest rates and stringent underwriting guidelines. Often the best solution for these borrowers is a short sale. But it is not as easy as it may seems to do a short sale. You need your documents presented properly and you need to get them together quick. If it's not done right, the bank will move through to foreclosure.”

A short sale- is the process through which a seller’s mortgage company agrees to settle for less than the balance due on the loan. A short sale may or may not be involved in a foreclosure. Mortgage lenders do this as an alternative to the expensive and time consuming process of a foreclosure. The mortgage lender looks at each case individually to see if it is logical to move forward with a short sale, and each mortgage lender has its own requirements for approval.

A Pre-Foreclosure-short sale is a process where by a default (failure to do something required), has taken place. Usually a notice of default (NOD) will have been filed and technically begins the foreclosure process. If the default is not cured through specific time-lines and guide-lines, then the property will be foreclosed on. Contracting a 1-4 unit property is different under a defaulted loan, the seller, is now protected under the Home Equity Purchase Act and The Foreclosure Consultant Law that was enacted in 1979. These laws forbid purchasers from taking “unconscionable advantage” of the seller and unless CLUB-FED appeals to you...Then ONLY hire a specialist to deal in this highly specialized areas of contracting and that has the appropriate bond requirements under law to legally contract on your behalf!

Areas of Specialty

It's one strike against you if the listing agent has never handled a short sale, but it's even worse if your own agent has no experience in that arena. You need an experienced short sale agent.

An agent with experience in short sales will help to expedite your transaction and protect your interests. You don't want to miss any important detail due to inexperience or find out your transaction is not going to close on time because no one has followed up in a timely manner.

I am a PRE-FORECLOSURE SPECIALIST, offering a variety of foreclosure prevention services to you.



Are you LICENSED?

Yes. I am a licensed Real Estate Agent in the State of California, a member of and in good standing with the National Association of Realtors and the California Association of Realtors. I serve homeowners facing foreclosure in Sonoma County California.

CLICK HERE FOR AGENT PROFILE



Why should I use you versus one of the investors in the paper or the one who has been knocking on my door?

As in any profession there are ethical investors and there are some that are not ethical. I do work with investors, but only the ones I know have a high level of integrity and ethics. If that is ever breached, I immediately cease working with them.

I understand the short sale process and I have a plan to make the sale happen. I am also a marketing expert and understand how to market your short sales.

Because of my affiliation with the National Association of Realtors I am held to a higher standard of conduct, due to the Code of Ethics( NAR Code of Ethics ), The investor is working on their behalf and some do not have your best interest in mind. If I am involved, we will be able to tell who is ethical and who is not.

I keep up with the changes in the industry as far as what is appropriate and what is not. IRS and the FBI are investigating lenders, real estate agents, title professionals and investors. Beware Some people prey on distressed situations.

There are "I want to be an investors" out there that have taken a day course or television course and think they know everything about investing. They don't! As in any profession there is a learning curve.

BEWARE of the investors that say "No Realtors". With A Realtor , You will have a market expert, attorney and title company monitoring your transaction at no cost to you. It won't cost the buyer more and the bank involved will know when something is not above board.

CLICK HERE FOR TOP THREE FORECLOSURE SCAMS


Please be aware Negotiating a Pre-Foreclosure agreement is becoming more complicated than ever. These transactions are technical, time consuming and require extensive financial documentation. And it is important to know that everyone offering to help you will not have your complete interest in mind. There are scams in every state and providence. You need to be careful and informed.

As a licensed Realtor for the State of California, I am held to the highest standard by the National Associate of Realtors (NAR). My career is not worth loosing over a real estate transaction, so I can promise you, that I DO have your best interest in mind. And, If I cannot help you, then I will point you in the proper direction.

Call today for a "FREE Consultation" before taking any further action 1-707-695-2023.



What will you do for me?

As a third party mediator, I have a distinct advantage in negotiating with your mortgage company. I will provide an ethical approach in the preparation, presentation, and negotiation of pre-foreclosure short sale proposals and offer both loss mitigation preparedness training and transaction support to realty professionals.

As a PRE-FORECLOSURE SPECIALIST, I offers hands-on help with mortgage foreclosure matters acting as a liaison between parties whose interests may conflict. At all times I am the consumers' advocate, seeking results which are just, and favorable.

I serve Sonoma County California, (specializing in non-judicial foreclosure jurisdictions) I am able to assist both buyers and sellers of foreclosed real estate, and their real estate professional(s) in the construct, negotiation and closing of Short sales and pre-foreclosure short sales.

Click Here for Client Testimonials


How much does it cost a client?

“Because I'm a real estate agent, I get paid through a real estate commission. The commission is the same as the standard real estate commission, and is paid for by the bank. So, basically, it doesn't cost the consumer any money out-of-pocket for the short sale, there's really no downside. If I were to do something other than a short sale, like litigation, that would cost money, the amount would be dependant on the situation.”

It will educate you about what to be aware of

We will discuss your options of selling or foreclosing and what each of those means to you.

We will discuss ways that you might be able to keep your home

We may choose to discuss my plans for marketing your home and my role throughout the process

Hardship letter

Last 2 pay stubs for all working borrowers (including L&I and unemployment benefit.).

Last 2 years tax returns.

Last 2 bank statements.

Last 6 months of Profit and Loss statement (if self employed)

Authorization to disclose personal information.




READY TO TAKE THE NEXT STEP?

Don't worry. The next part is simple.

Just email Dantzler@sonic.net with your contact information or call 1-707-695-2023 and I will contact you to talk about your specific situation.

Every situation is different and I know that you have questions. I am here to answer your questions and present the options for your individual situation.

No Pressure - If after speaking, you feel that you want to move forward I will let you know the steps that are required. If you don't think that I am the right solution for you ... IT’S O.K. ! "No high pressure, No arm twisting, no barrage of endless follow up phone calls".

Either I am the right solution for you or I am not ... the decision is yours!

Kind Regards,Dottie Dantzler, Realtor


This is Advertising. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship