 
Yes we help
NAPA homeowners with their short sales.
Get Started
With Your Short Sale Here
We can help with your short sale. And our service is no cost to you!
When it comes to a Short Sale vs Foreclosure there are some
very large advantages to doing a short sale.
What is a
short sale?
The
definition of a short sale is when a lender agrees to receive
a lower
amount
of a debt in exchange for the sale of the property to a third
party.
Homeowners
that need to sell when the current loan amount exceeds
the market
value of the property will normally need to do a short sale.
There
are many
Short Sale Homes on the market today so you are not alone.
We will
negotiate with the bank for you to complete a "short sale".
This is
when the bank agrees to allow you to sell your property for
less than
what you owe. Doing a short sale is not Magic it's a lot of work.
Work we
are very good at and have many years of experience on your side.
As
a division of HomeWorks Real Estate Inc. we have direct access
to
MLS
systems for short sales in Arizona, California, Nevada, Oregon
and
Washington state.
There is
no cost to NAPA owners and we never ask you for any money at anytime.
The bank
will pay our compensation for getting the property sold.
At the
same time we will look out for your interests and take the pain
and confusion
out of doing a short sale. We provide, at no cost to you,
an ethical
and professional solution. While it is possible to negotiate
on your
own most often the bank will want your property listed with a
real estate
professional. Our affiliation with HomeWorks Real Estate
gives
us tremendous negotiating power. HomeWorks Real Estate
has successfully
listed and sold thousands of properties.
Short Sale
vs. Foreclosure. Why do a short sale?
Banks
really don't want to foreclose on a property under most
circumstances.
They would rather discount the loan in a short sale.
This saves
the bank a lot of wasted time and expense. A short
sale saves
you the negative effects of having a foreclosure.
Are there
tax implications in doing a short sale?
Yes but you can usually
get the IRS to waive them. The Mortgage Forgiveness
Debt Relief Act was introduced
in Congress on September 25, 2007, and
became law on December
20, 2007. This act offered relief to homeowners who
would formerly owe taxes
on forgiven mortgage debt after facing foreclosure.
The act extends such relief
for three years, applying to debts discharged in calendar
year 2007 through 2009.
(With the Emergency Economic Stabilization Act of 2008,
this tax relief was extended
another three years, covering debts discharged
through calendar year
2012.)
Form
982 Reduction of Tax Attributes Due to Discharge of Indebtedness.
(Click to open)
and you should speak to your accountant because the IRS
will often grant a hardship
waiver even on a property that is not a principle residence.
(Note: we are not accountants
and do not provide accounting or legal advice. All information
contained herein should
be verified with a certified accountant and or qualified attorney
WA License# WE-BB-ER-A638OT.
OR License# 200306091. CA License# 00582834. AZ License# BR539425000.
NV License# B.0022885.CORP.
If you simply need a Flat
Fee MLS listing please visit our Flat Fee Listing site www.homeworksre.com
Professional Short Sales
Services available in these and many other areas....
"Man- alone- has the
power to transform his thoughts into physical reality; man- alone- can dream and make his
dreams come true. Napoleon Hill"
NAPA Short Sale Experts.
We have years of experience
in short sales and we work for you!
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