Downtown (Rialto, CA)
By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
BEHIND ON YOUR RIALTO MORTGAGE PAYMENTS? ARE YOU CONSIDERING A RIALTO CA SHORT SALE? WE CAN HELP.... First off, do you really understand what a foreclosure is? It's when the bank repossesses a Rialto, California home due to non-payment of the mortgage. And do you know what a Rialto short sale is? A short sale occurs when the bank is willing to take less than what the homeowner(s) owes on the property. The property is sold at fair market value (less than what is owed). When should you call us for help? Now! Information can only empower you and help you understand your options and limitations. -------------------- Why should you call? If you've tried to refinance or get a loan modification with your loan servicer (who you send your mortgage payments to), but they either denied you or were...
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By Devona Garrigus, REALTOR® / Short Sale Specialist
(Garrigus Real Estate)
WHAT IS A RIALTO CA SHORT SALE? SHORT SALE MY HOME IN RIALTO CALIFORNIA What is a Short Sale?   A short sale is when a homeowner sells their house for less money than they owe on the mortgage or mortgages. Short selling is an alternative to foreclosure for homeowners/borrowers who can no longer afford to keep mortgage payments current. Sometimes, to avoid going through the costs of foreclosure, a lender will authorize a short sale by allowing a homeowner to sell the home for less than the mortgage owed.     Simplified Steps of a Short Sale: Homeowner signs a listing agreement with a real estate agent. This short sale listing agreement is subject to third-party/lender approval. The home is marketed to buyers. Seller accepts a buyer's purchase offer subject to the lender's approval. Selle...
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