Short Sales Help Bakersfield CA

During the Great Recession of 2008, short sales became a popular option for Bakersfield homeowners who were underwater on their properties. While short sales aren’t as frequent as they once were, they remain a sensible option for homeowners struggling to keep up with their mortgage payments. By doing a short sale, you can avoid the foreclosure process and recover faster from your financial hardship.

If you’re behind on mortgage payments and in need of short sales help in Bakersfield, Pacific Gold Real Estate is here for you! We commonly work with people who are in pre-foreclosure by buying their homes for cash – no contingencies! We can usually close within a week, which means you could be starting the next chapter of your life in no time.

Contact Pacific Gold Real Estate today to get your free cash offer and find out how we can help you avoid foreclosure in Bakersfield CA!

What is a Short Sale in Bakersfield CA? What Can I Expect from the Process?

A short sale is when homeowners work with their lenders to sell their homes when they can no longer make payments. This helps homeowners get out from under their mortgage debt and results in less damage to their credit scores. It also helps lenders recoup some of their losses.

While short sales make sense for some sellers, they’re most common among homeowners who are underwater on their mortgage, meaning that they owe more than what their home is worth. Here’s how a short sale in Bakersfield works:

● File a hardship letter. You’ll start with a hardship letter that outlines why you’re unable to make the payments along with documentation of your pay stubs and tax returns.

● List your home for sale. If the bank approves your letter, your home will be listed as a short sale. It helps to have a buyer lined up already, which is possible with Pacific Gold Real Estate. We buy homes in any condition and price range and we want to buy yours!

● Tax consequences. It is possible for the lender to file a deficiency judgement for the difference between what you owed on the mortgage and what you sold the home for. Thankfully, these debts are usually forgiven in the state of California.

I Need Short Sales Help in Bakersfield. How Can You Help?

Falling behind on your mortgage payments while underwater is not a good position to be in. Even if you were to throw a bunch of money at your lender, you’d still be underwater. If you want to move anyway, selling your home to a cash investor in Bakersfield is a great option. You can get out of your mortgage debt, preserve your credit score and move onto the next chapter in your life.

Fortunately, Pacific Gold Real Estate is here to help. We offer real, personalized solutions for sellers based on their circumstances. Here are some of the ways that we can help you with your situation:

● Make you a fair cash offer. We’ll make you a cash offer in under an hour. Just tell us a bit about your property and we’ll decide if it’s something we’re interested in. Chances are, we will be!

● Visit the property. If you like the offer, we’ll stop by for a quick showing. You don’t even have to think of it as a showing – we care more about the bones of the home than your paint colors or flooring.

● Start closing paperwork. After the showing, we’ll start on the closing paperwork. We have our own money and don’t need bank financing so we can usually close in seven days.

● Pay your lender. Once you receive your money (either through a certified check or wire transfer), you’ll pay off a portion of your mortgage balance. Even though you may not get to keep everything, you avoid foreclosure and position yourself to be a homeowner again.

Additional Benefits to Selling Your Short Sale Property to a Cash Investor

Going through a short sale isn’t easy, but it’s how you handle the situation that matters. If you’re honest with your lender and review all of your options, you’ll be in a better position to handle this hardship.

Fortunately, you can enjoy a number of benefits by accessing short sales help in Bakersfield CA. Here are some of them:

● Sell your home as-is. Don’t worry about making repairs or updates. This shouldn’t be expected from people having trouble with their finances. Pacific Gold Real Estate buys homes in all conditions – no questions asked!

● Close quickly. During a short sale, time is of essence. The quicker you can sell your home, the less the banks will lose. Rather than waiting for the right buyer to come along, you can sell your home to a Bakersfield cash investor and get your money right away.

● No realtor fees. Another expense you can eliminate is realtor fees that can cost around 6 percent. Credible home buying companies do not charge money. If someone is asking you to pay fees, beware!

● No showings. You can also erase showings and open houses off your list. We’re the only ones who will visit your home. When you’re going through other things in your life, the last thing you want is strangers disputing your day.

Ready to receive short sales help in Bakersfield? Contact Pacific Gold Real Estate for your free, no obligation cash offer. Our goal is to help people with all of their real estate challenges so let us help you!