Trouble making your house payment?  

Is your home worth less than your loan? 

Want to protect your credit?

free short sale help! You Pay Zero% Commission!

Agent is experienced in short sales

What is a short sale?

A short sale is when the homeowner sells the home for less than what he owes on the loan subject to lender approval. This is a way to avoid foreclosure.

How long does the process take?

The process usually takes 30-90 days to get lender approval. In some cases  it takes longer

The   Short Sale Process

      I. . List The Property For Sale.  List the property for sale with an agent that has experience in doing short sales.

II.               Submit a Short Sale Package:

1.     Purchase Agreement & Listing Agreement.  When you reach an agreement to sell to a prospective purchaser, the lender will want a copy of the offer, along with a copy of your listing agreement.  Be prepared for the lender to renegotiate commissions and to refuse to allow payment of certain items such as home protection plans or termite inspections.

2.     Submit Letter Of Authorization.  Lenders typically do not want to disclose any of your personal information without written authorization to do so.  If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan.  The letter should include the following:

*Property Address

*Loan Reference Number

*Your Name

*The Date

*Your Agent’s Name and Contact Information

3.     Hardship Letter.  This statement of facts describes how you got in to this financial bind and makes a plea to the lender to accept less than full payment.  Lenders are not inhumane and can understand if you lost your job, were hospitalized or a truck ran over your entire family, but lenders are not particularly empathetic to situations involving dishonesty or criminal behavior.

4.     Proof of Income and Assets.  2 recent pay stubs. It is best to be truthful and honest about your financial situation and disclose assets.  Lenders will want to know if you have savings accounts, money market accounts, stocks or bonds, negotiable instruments, cash or other real estate or anything of tangible value.  Lenders are not in the charity business and often require assurance that the debtor cannot pay back any of the debt that it is forgiving

5.     Copies of Bank Statements.  Lenders want to see 2-3 months worth of bank statements

6.     Preliminary Net Sheet.  This is an estimated closing statement that shows the sales price you expect to receive and all the costs of the sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions, if any.  Your closing agent or lawyer should be able to prepare this for you if you do not know how to calculate any of these fees.  If the bottom line shows cash to the seller, you will probably not need a short sale.

7.     . Comparative Market Analysis.  Sometimes markets decline and property values fall.  If this is part of the reason you cannot sell your home for enough to pay off the lender, this fact should be substantiated for the lender through a comparative market analysis (CMA).  Your real estate agent can prepare a CMA for you, which will show prices of similar homes

a.      Active on the market

b.      Pending sales

c.      Solds from the last 3  months

III.           A negotiator is assigned:

1.      Lender Appraisal Starts the process-

2.      Follow up with the Negotiator is the key

Thanks, Dan for helping us sell our house and avoid forclosure. We were well informed and kept up to date on the process of selling our home. Your hard work and dedication is greatly appreciated. We look forward to you helping us buy our next home soon.
Thanks again!
Debi & Bobbby H

My experience working with Dan Alon was great. He was very informative and understanding with situations I had been dealing with at the time of sale. Through it all he educated me and kept me informed with all the steps and signatures that were needed to make the sale of my home successful. I would not ever feel comfortable with anyone else like I did with Dan.

 Thank you,  

 Sylvia J. P.


I would highly recommend Dan Alon for your realtor needs! Dan and his staff were there for us thru our short sale. Dan was wonderful, reliable, helpful and always prompt to get back to us, which we so appreciated. He also did what he promised and sold our place
Jaki L.

Feel free to contact about the 8 requirements for a short sale, or  selling your home through a short sale! http://www.danalon.com/contact.aspx
(818) 687-6676 or (661) 702-4655

 Find short sales, REO, Foreclosures, Bank Owned Homes in the Santa Clarita, antelope Valley, and San Fernando Valley Today. Search MLS listings and find real estate information at .http://www.danalon.com/ Here at REMAX, we are the #1 Real Estate Office In California.  There are many beautiful homes for sale and we would love to find you that perfect  Home of your very own or investment property today! We specialize in Valencia, Stevenson Ranch, Canyon Country, Newhall, Saugus, Burbank, Sherman Oaks, Studio City, Toluca Lake, Valley Villiage, Valley Glen, North Hollywood, Sylmar, Granada Hills, Northridge, North Hills, Porter Ranch, Encino, Lake Balboa, Tarzana, Reseda, Canoga Park, Winnetka, West Hills, Woodland Hills, Pasadena, Glendale, Castaic, Palmdale,Lancaster,  santa clarita,valencia,newhall,saugus,burbank,san fernando,valley,studio city,sherman oaks,toluca lake,north hollywood,granada hills,northridge,north hills,foreclosure,short sale,reo,real estate owned,Alon,search,homes,short sale expert, short sale specialist,http://www.danalon.com/.