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Short Sales - REO Real Estate Agent | Modesto, CA - Riverbank, CA - Ceres, CA - Turlock, CA & Surrounding Areas

short sales - reo Call Chris MacDonald At (209) 410-9650 | Best Short Sale - REO Real Estate Agent!
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Keller Williams Property Team | Sellers Listing Agent - Buyers Agent - Short Sale Agent - REO Listing Agent
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REAL ESTATE Service AREA - Click LINK -> SERVICE AREA CITIES

short sales & reo sales - modesto & surrounding areas

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“If you think nobody cares if you’re alive, try missing a couple of car payments.”

Earl Wilson

SHORT SALES - REO SALES - If you are thinking about negotiating a short sale on  your home, you have come to the right place! Listing your home for sale at the proper price (usually negotiated by your lender) and bringing you qualified, interested buyers FAST due to my extensive knowledge of the real estate appraisal/valuation process is my specialty - as well as extremely thorough knowledge of the latest neighborhood market listing and sales data. When it's time to short sell, you need someone who will properly advertise your home, show it to prospective buyers, negotiate the short sale purchase contract, help arrange details, oversee the property inspections, and handle all necessary short sale paperwork - Here we are! I can take care of everything you may need, and assist you from start to finish. 

 

Fannie Mae - REO Asset Managers - Institutional Lender Short Sale Negotiators - HUD Foreclosure - I am highly experienced with working with institutional asset managers, short sale negotiators, property disposition coordinators, property preservation, asset marketability / property repair estimations, pre-foreclosure asset management, and property cost to cure estimates.

 

Asset Manager / Lender / Fannie Mae REO Foreclosure Services - Listing short sale, escrow coordination services, foreclosure and REO real estate properties, marketing these properties in multiple MLS systems, obtaining suitable buyers, and ensuring a timely and smooth transaction through the sale & close of escrow. 

“Yesterday is history, tomorrow is a mystery, today is a gift of God, which is why we call it the present.”

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Bil Keane

SHORT SALE FAQ - Questions & Answers

 

Q1- How is a short sale different from a traditional sale?

 

A1- Short sales can take longer because they need to get approval by a third-party, which is the bank or mortgage holder. We use a company that specializes in them, so we can often get these transactions to close much quicker. Otherwise, it's a regular sale with a contract between the buyer and seller. Buyers just need to know that even though a seller may accept an offer, they can't close unless the bank or lender also accepts it.

 

Q2- How is a short sale different from a foreclosure?

 

A2- With foreclosures, there is a process in which the owner is given every opportunity to bring their payments current. At the end of the day, if they are not able to do so, they lose all legal and equitable interest in the property, which is turned over to the bank. With a short sale, the owner is typically 120 to 180 days behind in their payments. They're also upside-down on the property, which means the value of the property is less than what's currently owed. Plus, we have to negotiate with both the seller and lender, who will very often allow the property to be sold for less than the current value since the loss might be less than what they'll face in foreclosure. Sellers can't profit from short sales, which have to be arm's length transactions, meaning the property can't be sold to a family member. There's also been talk in the past about deficiency judgments, but many state legislatures have decided that the seller doesn't have to pay tax on the forgiven amount. Finally, a short sale is not as bad and does not stay on your credit report as long as a foreclosure.

 

Q3- How long are short sales typically taking in today's market?

 

A3- Short sales were taking on average three to four months, with little or no communication during that time. As a result, we were seeing many buyers back out or walk away from sales. In large measure, this was due to the fact that lenders did not have the appropriate systems in place or enough people to handle the volume of transactions. Now, though, the larger lenders have put systems in place and hired additional staff, and we're getting responses in two or three weeks.

 

Q4- What advice do you have for anyone purchasing a short sale?

 

A4- To make sure they're dealing with a company that's educated on short sales, since there are a lot of misperceptions out there. Our agents are always going to seminars to learn more about short sales -- how to deal with the banks or lenders, what guidelines and procedures they have, and more. An educated Realtor who knows the process is very important. Just like doctors have specialties, so do agents. Right now, the bulk of our business is in foreclosures and short sales, which is why our company is so proactive in making sure we stay educated and informed.

 

Q5- What kinds of things can go wrong with these transactions?

 

A5- There are certain guidelines that qualify a property for a short sale; a hardship is usually attached. Just because a seller is upside down [meaning they owe more than the property is worth], the bank or lender may not necessarily view it as a short sale. And, even with properties that have been approved for short sales, banks and lenders can reject offers from buyers. That's where the education of our agents comes into play. We also work closely with a company that specializes in short sales to make sure these kinds of problems don't surface.

 

Q6- How can a Realtor® most help buyers with short sales?

 

A6- The Realtor® can help by negotiating with lenders to determine a fair price for today's market. With home values changing so quickly and so often, it's difficult for the average buyer to keep up with all the changes. There are also companies that help to negotiate short sales, but they charge a fee and are held accountable by other state laws. As Realtors®, we're allowed under California statutes to negotiate short sale transactions as long as we don't charge fees above and beyond our normal commission. Also, when you work with a Realtor®, you have a third party in the mix who is not emotionally charged. In situations like this, you need a cool head to negotiate an equitable settlement, and we definitely provide a valuable service in that respect.

 

After you have had the chance to review this information, contact me so I can tell you more about how I can help to make everything happen for you.

 

I look forward to having a chance to earn your business and provide you with a memorable experience -- even in a short sale!

 

About chris

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I'm Chris MacDonald and I am Real Estate Broker Associate with Keller Williams Property Team. I am also a state certified real estate appraiser - You are in good hands! Call me with any questions you may have at (209) 410-9650. We can take it from there.

 

Since 2004, I have been in the real estate profession serving the California central valley and Sierra Nevada foothill communities providing all types of real estate valuation and sales services for corporate relocation, bank-owned REO property listings from asset managers, lender short sales, bank asset liquidations, 2-4 unit multi-family income properties, Fannie Mae bank sales, trust sales, 1031-exchange facilitation, court receivership sales, tax sales, investor property acquisitions, buyers agent for clients looking to buy a home, and sellers listing agent for clients looking to sell their home or other real estate properties.

 

I am passionate about all types of real estate, and honest, excellent 5-star service to my clients is my specialty!  

 

REAL ESTATE services

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I have a vast knowledge of different property types including: single-family homes, new residential construction sales, 2-4 unit multi-family homes such as duplexes and triplexes, condominium homes, townhomes, small-businesses, commercial properties, vacant land, farms, ranchette properties, custom home sites, horse property, as well as agricultural properties and acreage suitable for Almond orchards, Walnut orchards, or vine crops.

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sellers LISTING AGENT

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Are you selling your home? I know the Stanislaus County, San Joaquin County, Merced County and Tuolumne County real estate markets! Selling your home comes down to a few important factors. As a professional Realtor and listing agent, I know exactly how to get your home sold, but listing your home at the correct price is vital to selling your home. Whether you are moving across town, or moving across the country due to corporate relocation, I can list your home at the right price and attract motivated and qualified home buyers to view your home - and get your home SOLD! I have tremendous real estate expertise in almost every neighborhood, and know how to market your home to the right home buyers, so I can sell your home in a timely manner, while netting you the maximum proceeds from your home sale. I will handle all aspects of the sale that require attention to detail, such as scheduling inspections, arranging any needed repairs, and hosting open houses during the time it takes to sell your home. You can just relax with peace of mind that everything is being handled with the utmost expertise.

 

buyers AGENT
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Moving and searching for a home to buy? You have come to the right place! When you decide to buy a home, your wants and needs are the most important factors in locating just the right home. Whether it is certain school districts, proximity to shopping, specific neighborhoods, R/V parking, horse property, or a certain price range that you desire, I will help you locate just the right house to call home! Listening to home buyers is one of my specialties. As a real estate agent, Realtor, and real estate broker associate, I know the real estate market and homes for sale. I have access to several MLS systems throughout California which allows me to locate many properties for sale that may not be listed on the primary regional MLS system. 

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Referral AGENT
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Referrals welcome - I love referrals! Referrals are the greatest compliment that we can receive as real estate agents. I will treat your family, friends, and acquaintances with the utmost professional expertise. Whether your real estate referral is for selling a home or buying a home, I will ensure that I exceed your expectations. If you are a broker, real estate agent, or Realtor from out of the local area, you can send your referral clients to me with total confidence. Satisfaction guaranteed.

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Relocation AGENT
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Are you relocating? If you are relocating here from out of the area, I will be the expert on your relocation team. If you are relocating here from out of the area, I will help to educate you on different neighborhoods, and show you what each specific neighborhood has to offer. Buying a home in an area that you are not familiar with can be challenging, but not to worry, i will guide you through the process with my extensive area knowledge. Buying a new home near work, in the best school districts, near convenient shopping districts, and close to parks and restaurants are some of the things that I can help you with to put your mind at ease. I will help you overcome all of the mystery, and make you feel totally confident in your home search.

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service area - Stanislaus county, san joaquin county, merced county, tuolumne county - ca

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CALIFORNIA REAL ESTATE Service Area

(By County / Neighborhood Area)

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Stanislaus County, California - 

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San Joaquin County, California - 

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Merced County, California - 

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Tuolumne County, California - 

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  • Big Oak Flat, CA

  • Chinese Camp, CA

  • Cold Springs, CA

  • Columbia, CA

  • Groveland, CA

  • Jamestown, CA

  • Long Barn, CA

  • Mi Wuk Village, CA

  • Moccasin, CA

  • Pinecrest, CA

  • Sonora, CA

  • Soulsbyville, CA

  • Standard, CA

  • Strawberry, CA

  • Sugar Pine, CA

  • Tuolumne, CA

  • Twain Harte, CA

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California Neighborhoods & General Areas of Specialized Expertise -

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contact ME

 

Call me at (209) 410-9650 and let me help you accomplish your real estate goals - buyers, sellers or referrals.

 

  • CA Licensed Real Estate Broker

  • CA State Certified Real Estate Appraiser

  • Real Estate Agent | Realtor

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