THIAT LIANG (broker, 650-888-5829, former Prudential Ca. Realty Top Producer and Diamond Club) is there for homeowners needing to execute a short sale Burlingame, California

Do you need to short sell your home?

Not sure what a short sale is? A short sale is when the amount of the outstanding loans are greater than the value of the home. Short sales are usually the result of values in an area rapidly deflating.

For many homeowners, a short sale is an ideal way to prevent foreclosure or bankruptcy when they can get the lender to write off the difference.

The process of a short sale:

First, assess the true market value of your home. A knowledgeable REALTOR^®, like those at THIAT LIANG (broker, 650-888-5829, former Prudential Ca. Realty Top Producer and Diamond Club), will be able to give you a realistic idea of what your house would possibly sell for based on prior sales of similar houses in the area. Beware of websites where a computer estimates your property's market value since they may not have complete information or know important things like neighborhood trends and current listings.


	When you're ready to get started, contact me through my site or e-mail me. I'm happy to answer questions you have regarding real estate short sales.

Next, calculate your closing costs. The experienced real estate agents at THIAT LIANG (broker, 650-888-5829, former Prudential Ca. Realty Top Producer and Diamond Club) will take into account fees such as title report, appraisal, escrow, property taxes, and agent commissions to estimate your final costs at the closing table.

Finally, contact your lender and tell them of the situation. They may even have a special department that oversees short sales. Ask about their exact process. Some lenders will be more inclined to work with you than others. They may be able to lessen how much you owe or make other arrangements. Your lender will have to approve the final sale.