Saturday, February 04, 2012
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Buying or Selling a Short Sale Property in El Dorado County, choose an experienced Short sale specialist and avoid foreclosure with a Short Sale. Choose an agent that is certified as a distressed property expert. Realtors and real estate agents that have earned the Certified Distressed Property Expert (CDPE) Designation go through continuous training to understand the solutions, options, and process for dealing with homeowners facing foreclosure. Connie Barnes is certified RES.NET AMP REO, Five Star Institute REO and BPO, Equator Platinum REO and Short Sale, CDPE, BofA Short Sales Policies and procedures.If you have a Bank of America home loan, Chase Mortgage or your loan is will Wells Fargo Bank, we can help negotiate a short sale for yAou.

The Connie Barnes REMAX Team works with short sale negotiators and asset managers at Citizens, One West, Chase Endemic, American Home Mortgage Services Inc, BofA, Bank of America, Countrywide Bank, Wells Fargo Bank, Acqura Loan Services, OCWEN, PNC, Banco Popular and others.

CHOOSING THE RIGHT REAL ESTATE TEAM FOR A SHORT SALE

Millions of Americans have been hurt by the housing downturn and are overwhelmed by mortgage debt. Today, almost half of our local real estate listings are short sales. A short sale gives impacted homeowners a chance to exit the property more gracefully and avoid foreclosure.

By doing a Short Sale your credit recovery period is generally much faster than going through foreclosure.

 

WE WORK DIRECTLY WITH YOUR BANK

You Pay No Real Estate Commissions!

If a short sale is right for you, we can market your property and aggressively negotiate a short sale with your lender. All real estate commissions are negotiated and paid by your lender!

list of banks

The Connie Barnes Team works with most major banks and has a high success rate in negotiating and selling short sale properties. Connie Barnes Real Estate has the people and systems in place to manage your short sale effectively. We work with lender's like Bank of America, Chase, Wells Fargo, OneWest / IndyMac, Golden One and many others.

QUALIFIED, CERTIFIED AND AT YOUR SERVICE

Many banks now have sophisticated systems in place in order to facilitate short sale transactions more efficiently. Today, Realtors need to be trained and certified to use all of the various platforms that lenders have in place to manage their distressed inventory of real estate. We have invested an extraordinary amount of time and money to qualify to do a short sale with virtually any lender.

Certifications include; RES.NET AMP REO, Five Star Institute REO and BPO, Equator Platinum REO and Short Sale, CDPE, BofA Short Sales Policies and procedures.

certifications

callie



Short Sales; The New Real Estate Reality:

By Callie Mirsky: Realtor Associate, Escrow Manager, CDPE, Short Sale Negotiator for the Connie Barnes Real Estate Team.

In today's real estate market, distressed properties are common. Many agents on both the buyers and sellers side have shied away from dealing with these types of transactions because they do in fact require a significant amount of time and work as compared to a standard listing. The Connie Barnes Real Estate Team has welcomed the opportunity to work hard for all of our buyers and sellers. Connie and her team have taken the extra step and obtained the Certified Distressed Property Expert designation and become educated about the ins and outs of the Short Sale process and negotiating with the banks.

We try to make this difficult process as easy as possible for our buyers and sellers. We give you all of the information up front, discuss your options with you and try to find the solution that will work best for you. We take the time to explain what a seller might expect during the transaction and keep you updated throughout the process. In negotiating with the banks, we are polite but persistent as we understand that we must all work together well in order to get the desired result. We are very diligent with our follow-up and make sure to check in frequently for status updates and are constantly pushing for approval.

The challenge in dealing with Short Sale transactions is one that we embrace and have proven to be successful with. There is no greater satisfaction than truly being able to help each and every one of our clients. In selecting Connie Barnes as your listing agent, you can feel confident in knowing that your Short Sale will be handled with the personal attention necessary to reach a successful closing.

Make sure to read about a "Buyers Experience" with Callie and the Connie Barnes Real Estate Team!

VIDEO: SHORT SALE BASICS


VIDEO: SHORT SALES: FORECLOSURE ALTERNATIVE


VIDEO: RE/MAX AND THE NEW HAFA SHORT SALE PLAN


FANNIE MAE VIDEO: Interactive Options to Avoid Foreclosure. Explore WaysHome™, an interactive video simulation to help you learn about the options to avoid foreclosure.
click to view

Read a Seller's Story

Read a Buyer's Story

How to buy again

*Short sales may have substantial negative impact on credit, taxes and overall financial condition. Clients are advised to consult professionals pertaining to these processes, including but not limited to, accountants, tax specialists, mortgage professionals, real estate or tax attorneys at client's expense. We cannot guarantee a satisfactory outcome from any negotiations with Client's lenders or 3rd Party servicers. Clients are advised to explore options such as loan modification, refinance and/or other lender programs if available.

If you are struggling with your mortgage payments or facing foreclosure you may feel overwhelmed and frustrated. Many homeowners simply don't know what to do or where to go for assistance, and they feel too helpless to take action.

Here are a few tips to get you pointed in the right direction.

DO

  • TAKE ACTION AND BE PREPARED to talk to your financial institution. We can provide you with a financial checklist to help you prepare to discuss your options.
  • SPEAK WITH YOUR LENDER about available loan programs that may help reduce your monthly mortgage payment.
  • CONSULT with a Real Estate Attorney about your situation.
  • CONSULT with a Certified Public Accountant (CPA) regarding tax implications.
  • CONSULT with a Realtor who has the experience and the credentials to effectively facilitate the short sale process with your lender at no charge to you. Connie Barnes sells on average 1 home each week just in El Dorado Hills.
  • PLAN AHEAD Ask us about programs that help minimize the amount of time to get you ready to buy another home.

DON'T

  • WALK AWAY! There may be serious long-term negative credit, tax, legal and even future employment ramifications.
  • STOP making your payments (if possible) without advice from a real estate attorney
  • PAY anyone in advance who claims that they can work out a loan modification or a short sale with your lender. It's against the law.
  • HIRE an inexperienced real estate agent to assist you in the short sale process. You have only one chance to get it right and agents that are not up to speed on short sales only drag out the process and have a much higher failure rate.
  • WAIT until the last minute to take action. The sooner you act, the better chance you have in avoiding foreclosure through a short sale.
  • WORRY about the perception of a short sale. Today, millions of homeowners are in the same situation and you are not alone. In most cases, your lender would much rather negotiate a short sale with you rather than pay the costs of eviction and foreclosure.