Does short sale stop foreclosure? by Pasadena short sale agents Munson Realty

Does short sale stop foreclosure?

In many cases it does, at the very least it slows it down long enough to give your agent time to put off the sale date in order to secure a buyer. Why is that? Because lenders know that a foreclosure is usually a far more time consuming and costly option. If your agent can successfully complete a short sale then your lender has saved a lot of time and thousands of dollars.

How long does it take to foreclose a property in California? Depending on the timing of the various required notices, it usually takes around 90 days. Remember though, a short saleby no means is a fast sale so if this is the option you choose to take do yourself a huge favor and get the process started immediately. To date, the only reason we have not been able to successfully close on a short sale is because the seller has reached out to us too late.

Pasadena short sales require a little extra attention not necessarily because of the lender involved that must forgive the balance but because of city reports and inspections that must be done before the transfer of the property to the next buyer. Other than that, Pasadena short sales are pretty similar to any other short sale in Los Angeles.

Regarding the marketing of  Pasadena short sales, sellers are well advised to utilize the expertise of Pasadena short sale agents who know how to gear the marketing towards the Pasadena buyer. You do not need to slather "short sale" all over the marketing material or "For Sale" sign.  Munson Realty's Pasadena short sale agents specialize in a "discreet and confidential short sale" which appears as a "traditional" home sale to anyone driving by or looking at the marketing materials.

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