Welcome to The Gifford Group
Making Your Real Estate Dreams A Reality
Phone: (949) 478-7066     Fax: (949) 640-6288
Short Sale
When unexpected circumstances arise and you find your only option is to sell your home as a short sale, the process becomes extremely emotional and stressful.  We can help ease your stress and emotion during these difficult times.
What is a short sale?
A short sale is a property that sells for less than the balance owing on it's mortgage.  A short sale can relate to a condo, town home, home, investment property, apartment building, commerical property or even vacant land.  If there is a mortgage balance that is greater than the market value of the property, it is deemed a short sale.  A short sale can be a rewarding solution for homeowners who need to sell, and owe more on their homes than they are worth.
What are the benefits of doing a short sale?
THERE ARE MANY BENEFITS!  The seller can get out of their mortgage liability without a foreclosure on their record.  Normally with a foreclosure on your record, it will take approximately 7 years before you can qualify to purchase a home again.  Your credit score can drop as much as 250-300 points, which will take a long time to rebuild.  After you complete a successful short sale, it will take approximately 2-3 years before you can purchase another home, depending on your down payment and credit score.  Your credit scores will not drop nearly as much as with a foreclosure (could drop as little as 50-75 points) depending whether or not your other payments have remained current. 
What qualifies for a short sale? 
1. A seller who has a financial hardship.
2. A home that is behind on payments.
3. A buyer who is willing to purchase your home.
4. Your bank is willing to do a short sale.

Why don't banks approve all short sales?
There are many reasons:
1. The foreclosure time line is too close to a trustee sale.
2. The selling price of the property is too low.
3. All required and necessary paper work is not turned in and/or handled properly.
4. The listing agent does not have the knowledge, expertise, and professional know-how to negotiate accordingly with the bank.
5. The listing agent does not have the understanding, experience and professionalism to work together properly with the selling agent who is representing the buyer during the escrow period.  This in turn may cause the buyer to cancel and walk away from the transaction before closing.
Every successful short sale is a complicated process that takes knowledge, skill, professional negotiation and expertise.  It is extremely important you have experienced professionals working with you and for you.  Jack Gifford and his expert Short Sale Negotiator work closely together on every short sale.  They have many years of successful negotiations.   
Jack Gifford has been doing short sales for the past 25 years representing his sellers and has a 100% SUCCESS RECORD!  Jack is a Certified Distressed Property Expert® (CDPE), and has the Short Sales & Forclosure Rescource Certification (SFR) through the National Association of Realtors. He is also certified through the highly acclaimed Five Star Institute of Short Sale Training.     

His Short Sale Specialist has been exclusively negotiating short sales with banks for the past 5 years and is a Certified Distressed Property Expert (CDPE).
We do understand how you are feeling and what you are going through.  We will provide you with most professional real estate short sale help availble today!  For the Service You Truly Deserve, please contact Jack Gifford at jackgiffordgroup@gmail.com or (949) 478-7066. 
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RE/MAX Fine Homes
20101 SW Birch Suite 110 • Newport Beach, CA 92660
Phone: (949) 478-7066 • Fax: (949) 640-6288
Jack Gifford DRE# 01014561

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