Cherie Dasmacci\’s Blog

What groups of people do you specifically work with?

We successfully close on Short Sales for the following groups of people¦

1. You are behind on your mortgage payment and are unable to keep up with all of your monthly obligations. Some of the reasons for falling behind on your mortgage payment may include sudden change in monthly household income, loss of job, divorce, and more.

2. You are NOT behind on your monthly mortgage payment but know that you will soon be unable to keep up with all of your monthly obligations and therefore in the near future will not be able to afford to keep your home.

3. You are NOT behind on your monthly mortgage payment but need or want to move. Reasons could include a job transfer, a health reason, retirement, and more.

4.   You are NOT behind on your monthly mortgage payment and have come to the decision that staying in your home is not a good œbusiness decision or œfinancial decision.

I am just launching my blog and in trying to decide what to write about, I thought I would address a topic that I get the most questions about . . . “Short Sales”. Over the next few days, I will cover a list of frequently asked questions about the process of Short Sales. Please contact me at any time if you have questions or would like more information. You can visit my website at www.CherieDasmacci.com

What is a Short Sale?Simply put, a Short Sale is used to describe the sale of a home in which the homeowner owes the bank more than the home is worth. The bank agrees to allow the home to be sold for less than what is owed (AKA œShort Sale).

Would I qualify for a Short Sale?Yes. Contrary to popular belief, it is not difficult to qualify for a Short Sale. A good Short Sale candidate has no equity in their home. They are not able to sell their home and pay off all of the outstanding loans/debt that are secured against their property.

If you owe more against your home than it is currently worth and want or need to sell it but can™t or won™t bring cash to closing to make up the difference between what you owe and what your home is worth, then you are a prime candidate.

Come back again for more FAQs . . .

Welcome to Cherie Dasmacci’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Roseville.