A short sale is, when the loan balance is above what the current value of the home is. A lender will allow you to sell your home as a short sale at what the current market value and will accept the difference as a loss. To get an East Bay short sale or a Contra Costa short sale approved, you will need, in most cases, a hardship. This means a reason why your financial ability to pay your mortgage has changed: a loss of job, an illness or a change in your family situation. Bay Area short sales have become easier now, that the government has created some programs and policies for the banks and they are being encouraged to do so. The programs are called the Hamp program and the Haffa Program. They work together with a loan modification application and roll into a short sale, if the loan modification is not approved. Only about 7 % of all loan modifications are approved, so most wind up in either foreclosure or short sale. Our website www.thedoyleteam.com has a great deal of information aboutshort sales in Contra Costa County. Before you do a short sale, always consult with an accountant about any possible tax consequences. Danville San Ramon Alamo Walnut Creek Dublin Pleasanton Lafayette Moraga Orinda Clayton Concord Martinez Pleasant Hill Livermore Blackhawk Greg Doyle Lisa Doyle Greg & Lisa Doyle Short sales Contra Costa County short sale Alameda County short sale Bank owned East Bay bank owned Contra Costa County bank owned Alameda County bank owned www.thedoyleteam.com …
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