Why California Homeowners STILL Need Skilled Real Estate Agents

Posted by Andrew Arroyo on Friday, October 24th, 2014 at 4:05pm.

When California passed SB 458, it was good news for homeowners facing foreclosure. The bank could no longer sue for a deficiency and leave them saddled with a crippling debt.

That means a Short Sale listing agent no longer needs skill in negotiating away a deficiency. Sounds good, right? It is, but the truth is, the need for negotiating skill simply shifted from the deficiency to the price.

Instead of demanding a deficiency payment, asset managers can now simply refuse to allow the sale if they don’t get the dollars they want.

Homeowners still need a strong agent who will help them price the house to sell, market it well to attract a buyer, AND negotiate skillfully with the asset manager.

Foreclosure is not a good option. So call me today.

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