The Andrew Smith Team, Real Estate Agent Team, Closes A NationStar/SLS Short Sale In Wildomar

TEMECULA, Calif. - May 2, 2013 - PRLog -- The Andrew Smith Team, Temecula Valley Short Sale Specialists (http://www.AndrewHelpsHomeowners.com), closes another NationStar Short Sale for a homeowner in Winchester, CA.

The Andrew Smith Team, leading short sale agents in the Temecula Valley with Keller Williams Realty, has solved another short sale problem for a Wildomar homeowner facing foreclosure. The Andrew Smith Team, specializing in Temecula Valley Short Sales, has successfully negotiated and closed a short sale transaction where the lenders (NationStar/SLS) accepted a “short” amount on Wildomar real estate, saving the sellers from being another California foreclosure statistic.

The property on Rosita Dr. in Wildomar was listed for $314,900 and closed at $325,00 with $3,000 relocation assistance from NationStar to the sellers.  The sellers received a full deficiency waiver, there was no cash contribution/promissory note and the buyer utilized FHA financing. The buyer closed escrow within 30 days, after a 109 day wait for lender approval of the sale.

The sellers on Rosite Dr were struggling with an unaffordable mortgage and the homeowner was facing foreclosure in California. The homeowners were referred to The Andrew Smith Team (http://www.AndrewSmithHomes.com) to negotiate the Wildomar short sale on their behalf. The process was not easy, but with strong negotiating and problem solving skills and a comprehensive marketing plan, Smith achieved the approval to close the home.  As with all Temecula Valley short sale approvals, there must be a ready and willing buyer to purchase the home at what the bank considers “fair market value” based on their appraisers values. The seller opted to short sale their home rather than allow a California foreclosure in hopes of having a better credit score and the ability to purchase Temecula Valley real estate again in approximately 2 years.  

The Andrew Smith Team, a top team of Temecula Valley Short Sale Specialists under the brokerage Keller Williams Realty has put together a comprehensive Temecula Valley short sale system for sellers. Homeowners who are facing foreclosure in the Temecula Valley can request to speak with a Short Sale Specialist on Smith’s team to consult with them about their needs. In addition, The Andrew Smith Team has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process.  Although The Andrew Smith Team encourages Temecula Valley homeowners to pursue all options to stay in their home, many homeowners in Murrieta and surrounding areas are facing true hardships that force them to pursue a short sale rather than face California foreclosure.

Many Temecula Valley mortgages exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in the Temecula Valley. Many Temecula Valley home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller needs to prove a hardship to the bank, which could include divorce, loss of income, health issues and various other situations that cause the monthly mortgage payments to become unaffordable. The homeowner hires a real estate agent, such as The Andrew Smith Team, to sell their home and negotiate the sale with the bank. This service is provided at absolutely no cost to the homeowner.

About:

The Andrew Smith Team specializes in Temecula Real Estate, Murrieta Real Estate, Temecula Valley Real Estate, Short Sales (Pre Foreclosures) and California Foreclosures.

Contact:

The Andrew Smith Team

27290 Madison Ave., Suite 200

Temecula, CA 92590

888.447.9650

http://www.AndrewSmithHomes.com

http://www.AndrewHelpsHomeowners.com