Short Sales in Camarillo  CA ~~ Short Sales ~~ Sell by Owner

Short Sales in Camarillo, CA
Learn the Short Sale process - View Listings Available

What is a short sale? If you’re a homeowner and owe more money than what the property is worth, a short sale might be your ideal option if you don’t want the property to be foreclosed. Doing a short sale, the owner of the home will take a loss on the property but eventually avoids the property from being foreclosed on.

Every short sale the Morales Group has experienced are all different. A short sale can either be good or bad - each short sale includes its own complications as you will have to send an approval letter to any loans or any third parties involved to accept the short sale.

Standard Sell vs a Short Sale

In a standard sell process, there are only two parties - seller and buyer. The buyer makes an offer and seller either approves or disapproves. For this scenario, let’s say the seller does approve then the property goes into escrow. In a short sale process, the process remains the same but there is an additional party member - the bank. The bank has a word on this decision because it is the bank that is taking the biggest loss.