• Have you experienced a recent hardship (loss of income, medical bills, divorce)?

• Are you facing foreclosure?

• Do you need for lenders to stop calling?

• Do you want to dispose of your debt?

• Are your mortgage payments too high?

• Do you owe more than your property is worth?

• Do you want to minimize damage to your credit?

• Will your mortgage adjust soon and you can't afford the new payments?

• Do you need to sell your house but there is not enough equity?

• Do you want to avoid or stop a foreclosure and get a fresh start?

The members of the Singhal Team hold the distinguished and respected Certified Distressed Property Expert (CDPE) designation.  A CDPE agent will offer you a much better chance of a successful short sale.

Short Sales Specialist, Ray Singhal

Ray Singhal will handle your short sale from beginning to end, negotiating directly with your mortgage company.  If you are already in default, or have a foreclosure pending, the process of trying to short sell your home can be emotionally draining.  Let Ray Singhal make an extremely stressful situation much less stressful!

More about Short Sales

If you owe more than your property is worth, and don’t want to declare bankruptcy or face foreclosure, then a short sale of your home may be the best option.  A short sale has potential tax implications so please consult a qualified accountant or CPA regarding your particular situation.

In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower.  The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender.  Neither side is "doing the other a favor;" a short sale is simply the most economical solution to a problem. Banks will incur a smaller financial loss than foreclosure or continued non-payment would entail.  Borrowers are able to mitigate damage to their credit history, and partially control the debt.  A short sale is typically faster and less expensive than a foreclosure. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.