Just last month, C.A.R. (California Association of Realtors) placed an open letter advertisement in California’s seven largest daily newspapers, calling on lenders and industry regulators to streamline and improve the short sale process.
To dovetail off that effort, today C.A.R. is launching a California Short Sales
) -- a new website to keep realtors and consumers up to date on all the latest news and insider tips regarding the ever-changing short sale process.
With information for both consumers and REALTORS®, the website is full of need-to-know resources about short sales, and provides up-to-the-moment news, legislative information, legal tips, and lender requirements.
The Consumer section, geared for distressed home owners, provides helpful tips if they are on the brink of losing their home. They can learn about government-sponsored programs to assist distressed buyers, access a glossary of commonly used distressed real estate terms, and learn how to avoid short sale scams.
If you need more information on the short sale process works and what is involved, give us a call at 626.844.2256. Keely is a Certified Distressed Property Expert, and we are involved in several short sales in the area.