Short Sales - Terry Yapp & Associates

Today there are thousands of homeowners facing financial hardships for numerous reasons whether loss of job and income, unexpected medical expenses or excessive consumer debt. Many persons who purchased real estate during the last five years find the current market value of their home less than the loan balances owed to the lender. Fortunately, there is a solution for most people who are encountering a financial hardship in making their mortgage payment. The "Short Sale" is a transaction where the existing lender(s) agrees to accept less than the full amount owed by a homeowner on an existing mortgage or loan, in order, to allow the property to be sold to a qualified buyer. The lender(s) agrees to discount the current loan balance; accrued interest, delinquent fees and related costs of sale in order to avoid foreclosing on the property. The legal process of foreclosing on a property normally results in a greater financial loss to the lender and further damage to the borrower's future credit.

Nearly 30 years of real estate experience has prepared Terry Yapp & Associates to handle the numerous details necessary to complete successfully the "Short Sale" process. Homeowners in Orange County facing foreclosure need to contact our real estate office today before it is too late. Terry's valuable advice and counsel based upon his extensive experience and knowledge can provide an alternative path to foreclosure. By utilizing the "Short Sale", homeowners may reduce the total financial damage to their credit and the related stress and strain caused by these difficult circumstances.

Since the early 1990's, Terry Yapp has successfully completed nearly 50 "Short Sales" for distressed homeowners and has closed numerous "Short Sales" by working closely with well known banks like Chase, Countrywide, Citi Bank, Washington Mutual, Wells Fargo as well as many other major national banks and regional lenders.

Terry Yapp & Associates will provide a complimentary, professional and confidential consultation for persons finding themselves in a pre-foreclosure situation with their real estate loan(s). Terry will review your individual situation and provide a guide book outlining "The 20 Critical Steps to a Successful Short Sale."

"I was faced with a pending move. I knew the real estate market was changing fast. I needed help, had seen Terry's advertisements and decided to give him a call. Despite the tremendous marketing effort put forth by Terry and his team in generating frequent buyer showings, the falling market values were unyielding. I knew the only way out was a short sale. The market had spoken. Terry provided me with guidance and resources to research the information I needed to understand the short sale. In addition to being the voice of sanity and calm for me during the time it took my mortgage company to get the short sale completed, Terry and his team was able to keep the buyer and their offer in place so that the sale could go through and close escrow. My wife and I have bought and sold six houses across the country since 1991. Based on past experience with realtors, my expectations for this short sale were low. The sincere caring, hard work, and professionalism that Terry and his team put into the sale of our home have gone a long way to restoring my faith in people. Our sincerest heart felt thanks to Terry and everyone on his team that helped get this done. Not only will recommend you to others, I already have!"

Thank You!
Neil Williams