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Call 661-241-6651 for Teri or 661.201.2923
Para servicio en espanol pregunte por Ron
We are a direct Fannie Mae Broker Go to Homepath.com to view other Foreclosed homes in Kern County. Call us for secrets on being successful when making offers on Foreclosed homes thru Homepath.com, or Auction.com Don't miss our FREE Brochures!! Buyers - learn to make successful offers. Sellers - learn the tricks for getting that great deal
call 661-717-4282. | |
| See how The Sullivan Team Works!
Ron Sullivan
Real Estate Professionals of Bakersfield
(661) 717-4282 Cell
Email: Ron@Broker-Ron.com
website www.IknowRosedale.com
or www.pasreo.com
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Its no joke Foreclosures are here for another 5 to 7 years call me today for auto e-mail to your computer of Bank owned properties and new coming soon properties in the Bakersfield Area.
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| A SHORT SALE CAN BE THE ANSWER!
Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life’s most unpleasant experiences. It is also an event that keeps on affecting you long after your home is history by devastating your credit score. Regrettably, most people cannot be 100% sure that they will remain safe from foreclosure because they can’t foresee the unexpected. Occurrences such as serious illness, a major accident, divorce or job loss can happen to anyone. So it’s a good idea to understand the available alternatives should the worst occur.
Of all available options, foreclosure is the worst
The inevitable result of a foreclosure is the lender taking your house. If that isn’t enough, your credit report will be in terminal condition for years to come, worsening an already bad financial situation and making it very difficult to obtain any other kind of credit. There is no upside to foreclosure. It should be avoided at all costs.
Consider a short sale when foreclosure seems inevitable
A short sale is a popular option for homeowners mired down with financial problems. In this case, you would sell your home for less than what you owe your lender; the biggest problem you will face is getting your lender to agree to a short sale. In many situations, they will not. Experts advise pursuing this option the minute you realize that you are falling behind in your payments and most likely won’t be able to catch up. The longer you wait and the greater the amount you are in arrears, the less likely it becomes that your lender will even be willing to discuss a short sale or you can make whole the difference owed.
Short sale has disadvantages too
While a short sale will save you from foreclosure, it will also have a negative effect on your credit score, frequently lowering it by as much as 200 points or more. This can be overcome more quickly than the black mark of a foreclosure, especially if you manage to retain one or two credit cards and keep them current. Perhaps equally distressing, the Internal Revenue Service frequently deemed the difference between the mortgage balance and the amount realized from the short sale to be taxable as income despite the fact that the debtor never saw a dime of it. There is new federal legislation called the Mortgage Forgiveness Debt Relief Act 0f 2007 that just went into effect on January 1st, 2008. The new act essentially eliminates this problem.
Almost any option is better than foreclosure
Simply stated, do everything you can before foreclosure occurs and do it as quickly as humanly possible. Don’t sit back and keep thinking, “What can I do?” Instead, consider that short sale and check with your lender before your options become more limited.
The One Best Tip I Can Give You: Don’t Do This Alone
Successfully selling your home using a short sale requires a knowledgeable real estate agent. Having someone who can work on your behalf is incredible. Facing foreclosure is a scary thing; no one should go through it alone.
Don’t just get any real estate agent to help you! Short sale experience makes all the difference. We know who to talk to, when to talk to them, and how to handle all the paperwork to get the deal done.
You Need An Experienced Short Sale Agent!
BUYERS!
Automatically receive personalized MLS listings and Bank Owned properties in Bakersfield and by e-mail. Early each morning I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!! Simply choose [Dream Home Finder] and fill in the requested information. Or, search for yourself at [My Listings].
Certifications and Recognitions
Specialization
As a Broker Ron specializes in representing clients in the purchase and sales of single-family residences, income property and foreclosures within Kern County. He have sold over 500 foreclosed and short sale homes since 2007, I can help you to find the best solution for you and your family. Team Sullivan Is currently #2 number Two in sales in 2011 with over 127 units sold. Get the best not just the rest with my team. Call us today. 661-717-4282
Personal
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I can find you the best deal in Foreclosed Property in Bakersfield, It's a MUST to trust your Real Estate Agent, it is best to deal with an REO agent when buying a REO property, call me for secrets of buying a foreclosed property. You will be happy you did! 661-717-4282.
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