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Pascal Angelini

Pascal Angelini
Dilbeck Real Estate
818-730-0927
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Short Sale

Are you facing foreclosure?

You May Have A Better Way Out!

There are countless hardships that can turn home ownership  from a joy into a burden.  The loss of a job, medical bills, or an  unexpected hike in monthly payments can all make a mortgage unaffordable.   But ignoring the bills will not make them go away, it will only make things  worse.

If you need help, there are approaches that can help,  but you may not be familiar with them.  One of these is a “short sale.”

In an approved short sale, the lender agrees to accept less  than is owed for the property, and the homeowner is relieved of the debt.   A lender may be willing to do this because it spares a lot of hassle and  expense involved in executing a foreclosure.  And typically, a short sale  does far less damage to the homeowner’s credit than a foreclosure does.

A property is most often referred to as distressed when it is, or will soon be, in foreclosure.  Properties that are “under water”, meaning the homeowners owes more on the mortgage loan that the property is worth, are also labeled distressed properties.  A distressed property can be in poor condition and in need of repairs, or one for which the homeowners can no longer afford the mortgage payments.  If you are buying a distressed property, it is likely that you are buying considerable below market value.

Type of Distress

The distress value of real property can be affected by the type of distress.  Property distress indicates issues with the physical condition of the property that requires repairs, or a rental property with a higher than average vacancy rate.  As is the case with a great number of properties in 2011, as well as the previous several years, owner distress is an increasingly common reason for a property being distressed.  Owner distress most often indicates financial (job loss, pay cut) or personal (divorce, serious illness or injury) issues that make it impossible for the property owner to continue making mortgage payments.  Market distress indicates an overall decrease in the market value of real property, and this type of distress cannot easily be remedied.

Benefits

The primary benefit of buying distressed properties is the chance to buy then at a considerably lower market value.  If you are in the market to buy your primary residence or an investment home, please fill your information below and we will be happy to send you properties in your area.

If you would like to explore the possibility of a short sale  for your property, avoid foreclosure, and potentially save your credit rating,  please email me for more information.


Pascal Angelini
Dilbeck Real Estate
303 N. Glenoaks Blvd. L-110 Burbank CA 91502
600 N. Brand Blvd. #210 Glendale CA 91203
Phone: 818-730-0927
Email: Propertiesbypascal@gmail.com
DRE #01421035

Testimonials

Pascal goes above and beyond as a realtor. He responds to calls, emails, texts promptly no matter what day of the week or time of day. He took the ideas we had of types of neighborhoods we wanted to buy in and made it happen in a very short period of time. Pascal will go that extra mile for you when others will not! I would highly recommend using him to family, friends and anyone else I meet. If you choose Pascal as your realtor, he'll have your back throughout the home search and escrow period. Jim T.
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