Short Sale Specialist

If you owe more than your property is worth and need to sell I can help you short sale your property for FREE! I have been helping home owners in Orange County and Riverside County to get a fresh start by negotiating a short sale with their banks since 2006.
SB-458

July 18, 2011: Governor Brown signed into law Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lien holder. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units.
Qualification

Ron Dadras, AKA Short Sale Chief, has been helping home owners avoid foreclosure by short selling their upside down properties since 2006. My mission is to avoid as many foreclosures as possible by doing short sale. I am available to discuss your particular situation and short sale your upside down property. I do not out source short sale negotiations and negotiate with the bank directly with no cost to you.

Short Sale

Thinking about short selling? I will help you short sale for free …

Are you upside down on your property? In other words, do you owe more than the property is worth? Would paying sellers’ costs put you in a negative equity position?
Are you late on your mortgage payments? Have you been late enough times that your bank is sending you some disturbing letters?
Are you in a loan you cannot afford? Are you in a hardship and can no longer afford your payment, repairs and/or property taxes?
Is your mortgage going to adjust soon and you will not be able to afford the new payment?
Have you been turned down for a loan modification or refi? Has the bank returned your forbearance payment?
Has another realtor told you that you cannot qualify for a short sale because of your income?

I have helped many home owners short sell their home and get a fresh start in life. Please call me at 949-269-2160 or 951-324-6874 or contact me to find out how to short sale your upside down property.

Short Sale

A Short Sale or Short Pay off is a process of negotiating with the lender to agree to sell the property for less than what is owed by the borrower. The lender also pays for all the costs of selling the property such as escrow, title insurance, any delinquent property taxes, etc. so the transaction costs you nothing.

Lenders have different requirements to accept a short sale. The home owner has to establish a hardship in order to get a short sale approval. The hardship can be financial or any reason that explains why the borrower cannot afford the payments or must relocate.

Advantages of Short Sale

Avoid Foreclosure and all the stress and embarrassment that goes along with it.
Save your Credit.
No out of pocket expenses, that’s right—it costs you nothing.
No tax consequences for primary residence.
Get a fresh start and move on.
If behind on payments, stay in the house rent free during negotiation.

When to do short sale?

The property value is less than the amount owed. And, the home owner has to move or cannot afford the monthly payments. Some (but not all) of the typical hardships are:

Loss of income
Health issues
Medical expenses
Relocation due to employment/investment
Divorce
Bankruptcy
Active Military Service
Business/investment failure
Maternity leave

What documents are typically needed for a Short Sale?

Generally, lenders have different requirements but almost always they end up asking for some or all of the documents below:

Hardship Letter
Two months bank statements
Two years Tax returns
Financial Statement
Two paycheck stubs
Authorization to release information
Residential Listing Agreement
Purchase Agreement
Estimated HUD1
Letter of explanation if you don’t have any of the above

I serve all the South Orange County Cities including Irvine, Newport Beach, Foothill Ranch, Rancho Santa Margarita, Mission Viejo, Aliso Viejo, Laguna Hills, Laguna Niguel, Laguna Beach. I also serve the Southwest Inland Empire including Riverside, Corona, Lake Elsinore, Murrieta and Temecula. In my opinion, gone are the days when Realtors pick and choose small geographic areas. People need someone like me who will use their expertise wherever it’s needed. Successfully closing a real estate transaction is a process that requires the cooperation of many entities and even more so when the transaction is a Short Sale. I work with a team of professionals who will facilitate a smooth and quick completion of this process. The result is world class service to my clients across the board.

When it comes to the success of either a short sale or a conventional transaction, it is important to have an experienced Realtor in place to handle the listing, marketing, finding a buyer, creating a short sale package, negotiating with the lender(s), keeping the buyer interested through throughout the process and closing the transaction.

Call me to discover:

What is the current market situation in your neighborhood?
Why your lender will help you short sell your home for FREE, even if you owe more than its worth?
How to save your credit and erase your debt?
Why banks don’t want to foreclose on your home?
Why banks will foreclose on your home?
How to sell your home in a tough market?
Why most real estate agents simply can’t help you?
Why you should never use a mortgage broker to do a real estate short sale?
What strategy you should use to successfully short sale your house?
And more …

Whether selling conventionally or short selling in South Orange County Cities such as Irvine, Newport Beach, Foothill Ranch, Rancho Santa Margarita, Mission Viejo, Aliso Viejo, Laguna Hills, Laguna Niguel, Laguna Beach. Or the South Western Inland Empire like Riverside, Corona, Lake Elsinore, Murrieta and Temecula including properties in any of the other nearby locals, I can help. Please use the resources on this website to learn more about me, contact me for expert advice, refer a friend, answer many of your questions about the short sale process in various Orange County and Riverside communities with no obligation. I am honored to be your Short Sale Realtor of choice.

Pricing is important but it’s not the only factor to compete in today’s very different market. I can market your property with a proven system that generates interest, calls and offers. Whether you are in distress or not, I have ways to structure your transaction so that you come out the winner!

Selling real estate is one of the most important endeavors in life. In today’s fast changing Orange County and Inland Empire real estate world, it is crucial to work with a real estate agent who knows the market, works like a business consultant and negotiates the best value for you. Whether you are selling in distress, cashing in on remaining equity, building a new custom home or selling your existing residence to relocate near or far, you want the process to be smooth and easy.

Buying? Investing in Real Estate?

Tremendous bargains are now available. Record quantities of bank owned and pre-foreclosure homes are on the market. Making sure your offer is accepted by the bank is crucial in acquiring this type of property. My expertise in this area will be instrumental to you. Even traditional sellers must price now to compete in this market and I can make your offer very attractive to any kind of seller. In particular, bank owned properties can be very competitive to acquire. Whether searching for a home or an investment in Orange County or the Inland Empire, I can help.

Testimonials

Ron did an awesome job negotiating the short sale of my property with the bank, and the buyers. I was a little nervous about the short sale at first, but Ron made it very easy, and quick. It ended up being one of the best decisions we could make. I recommend Ron to anyone Interested in doing a short sale.
Troy D.

Thanks to Ron for Short selling my house. Within a couple of days he had multiple offers and made the entire process painless and kept me well informed throughout the sale. J.B.

Ron negotiated a difficult and long short sale where the banks were not interested in short sale as they had mortgage insurance. We recommend Ron for your short sale.

Marcie G.

“Ron negotiated a short sale for my rental property that two other agents were not able to.”

Remedios G.

“Ron convinced the bank to short sale my second home even though I was not behind on my payments.”

Earl M.

“Ron short sold my Condo with no money out of my pocket. Thank you.”

Barbara K.

“Ron educated us in short sale process and short sold our house with no hassle to us.”

Jose A.

“Ron didn’t give up on us. I thank his committment to short sale our house after 10 months of processing.”

Dennis W.

“Ron short sold our house in a very short time and enabled our move.”

Allan E.

“Thanks for finding us a great REO deal. Ron got us our first home.”

Alex R.

“Ron helped us buy a REO property with a breath taking view and incredible low price.”

Javad S.

“Ron convinced the asset manager to take our offer for their REO property. Thanks.”

Jim F.

Links

Facing Foreclosure? What to do right now?

How to Use Comparable Sales to Price Your Home

Before you put your home up for sale, use the right comparable sales to find the perfect price. Read
What You Must Know About Home Appraisals

Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. Read
5 Tips to Prepare Your Home for Sale

Working to get your home ship-shape for showings will increase its value and shorten your sales time. Read

From the Blog

Short Sale in Riverside and Orange County ...
May 16th, 2012 | No Comments
Short Sale Chief | HAFA short sale eligib...
May 15th, 2012 | No Comments
Short sale discount now better than forecl...
May 11th, 2012 | No Comments
California tops the list of completed fore...
May 1st, 2012 | No Comments
Short Sale Day, June 15
Apr 26th, 2012 | No Comments
Fannie Mae and Freddie Mac Set Timeline Re...
Apr 19th, 2012 | No Comments

Testimonials

Ron did an awesome job negotiating the short sale of my property with the bank, and the buyers. I was a little nervous about the short sale at first, but Ron made it very easy, and quick. It ended up being one of the best decisions we could make. I recommend Ron to anyone Interested in doing a short sale.
Troy D.

Thanks to Ron for Short selling my house. Within a couple of days he had multiple offers and made the entire process painless and kept me well informed throughout the sale.
J.B.

Ron negotiated a difficult and long short sale where the banks were not interested in short sale as they had mortgage insurance. We recommend Ron for your short sale.
Marcie G.

“Ron negotiated a short sale for my rental property that two other agents were not able to.”
Remedios G.

“Ron convinced the bank to short sale my second home even though I was not behind on my payments.”
Earl M.

“Ron didn’t give up on us. I thank his committment to short sale our house after 10 months of processing.”
Dennis W.

“Ron short sold our house in a very short time and enabled our move.”
Allan E.

Debt Cancellation: $280,000

Debt Cancellation: $365,000

Debt Cancellation: $215,000

Debt Cancellation: $420,000

Debt Cancellation: $195,000

Debt Cancellation: $235,000

Debt Cancellation: $425,000

Debt Cancellation: $215,000

Short Sale Qualification

Short Sale Process

Short Sale and delinquent property taxes

California SB-458

California SB 458 Forgives Debt After Short Sale

July 18, 2011: Governor Brown signed into law Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lien holder.

Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale.

This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units.

A short sale is a transaction in which the homeowner owes more on the loan than the property is worth. To sell the home, the lien holder or lien holders must approve the sale because the amount owed to the lien holder will be “short” of what is currently owed by the borrower.

California Association of Realtors President Beth L. Peerce says, “SB 458 brings closure and certainty to the short sale process and ensures that once a lender has agreed to accept a short sale payment on a property, all lienholders – those in first position and in junior positions – will consider the outstanding balance as paid in full and the homeowner will not be held responsible for any additional payments on the property.”

Click here to read SB 458 text.

I can help you short sale your property in Orange County or Riverside County for free. I negotiate with the bank and market the property with no cost to you the home owner. This will allow you to have a fresh start. Contact me or call me at 949-269-2160 today to find out how I can help you short sale your property in Riverside, Corona, Mission Viejo, Irvine, Laguna Niguel, and other cities.