®UpsideDownHomeSale.com 

Upside Down means that loan balances and seller closing costs are more than the current value of the home. A real estate agent may need to handle a "short sale." which occurs when a lender is willing to reduce the amount owed on the loan(s) to allow a home sale to take place. These situations require consideration of major income tax and credit issues, in addition to the cash flow calculations.

Our mission is to provide superior Real Estate Services at a fair and competative price that will turn our customers into Clients for life.

After 34 years as a full time licensed California Real Estate Broker I have participated in many unique market cycles.  (click on my resume to the left)

As we enter into our current market a major percentage of the practicing licensees have never experienced or worked in a down market.

Real Estate licensees have both a legal and ethical obligation to present the tough choices an owner/occupied home seller may have who is upside down. ( Liens and seller's closing cost exceed resale price) 

Because short sales can present an extremely beneficial alternative to foreclosure for some homeowners, it is imperative that the home seller understand the economic issues, the paper work involved and the potential benefits that are available to many, but not all homeowners.

Hot markets, multiple offers, rookie agents, greed and wishful thinking won't work anymore .. Only past success, education and experience may improve your situation.

                                       Do You Need Help!

• Together we can calculate your short fall from escrow.
• If you owe more than the home is worth, which is the best way to go?   Add cash? Short sale? Foreclosure? Pros & Cons of each.
• Recourse versus non-recourse loans .. personal liability issues.
• Impact on FICO scores and debt forgiveness income tax considerations.
• Hardship reasons the lender might consider to allow a short sale.
• As a seller you need to understand the disclosures in the listing agreement, MLS and the deposit receipt when there is a short sale.

Please call for a free and confidential consultation to discuss your options.  When you are concerned or in need of help .. Remember Experience Counts!

(916) 983-2300

As a California Real Estate Broker it is my duty to help seller's understand that there are legal and income tax issues when a property is sold on a short pay off. Seller's are instructed to seek legal and tax professionals to discuss the issue. Seller's will acknowledge that the Real Estate Broker is not giving legal or tax advice nor is said Broker liable for any legal or income tax consequences.