Southern California Home Info

Can I Walk Away?

I saw this on 60 minutes and I could not believe people actually showed them self on TV being irresponsible.

While we hear about this option and some take this avenue, there are other options and you should consider them.

Currently around 50% of all properties in the United States are under water or upside down. If everyone just walked away or did a strategic default, our country as we know it would fail.

You need to know that while the property is in your name, you are still responsible and accountable for anything and everything that happens on the property until it is no longer yours.

Doing nothing and walking away is, in my opinion, very irresponsible and stacking problems on top of problems.

You should know there will be tax ramifications and as well serious credit consequences as well.

At least consult with a Real Estate Attorney. Take notice I did not say any attorney.

A CPA would be good to talk with as well.

Time is running out and you need to act now to save yourself from more potential issues.

You need to be careful and avoid the scams and the scam artists.

When a Real Estate Broker Realtor Lists you home for sale, they do not get paid until the closing of the home, out of the proceeds of the home. This means for the most part, no out of pocket costs.

If your home is upside down, owe more than it is worth, I suggest you go to the upside down page and review your options with a Real Estate Attorney and a CPA. There are future implications and knowing your options is a great start.

As a California Licensed Real Estate Broker, I can get your home sold as a "short sale" and in part, ask the lender to accept less than what is owed on the loan.

CALIFORNIA DEPARTMENT OF REAL ESTATE LICENSE 01312992

SO CAL HOMES REALTY
Harold Sharpe

(951) 821-8211

FORECLOSURE QUESTIONS

Harold Sharpe is the owner of
So Cal Homes Realty.

Harold Sharpe is a Licensed
Real Estate Agent, since 2001.

Harold Sharpe is a
Licensed Real Estate Broker,
since 2005.

Harold Sharpe specializes in Selling Houses, and Finding homes for people.

So Cal Homes Realty is the Real Estate Brokerage to assist you in Buying or Selling a House.

Feel Free to call Harold at

(951) 821-8211

DRE LIC #01312992

Monday - Sunday 9am - 7pm

After Hours E-Mail

Schedule to see Houses in Person Before they Sell!

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