• Do you owe more than your home is worth?
	• Can’t afford the mortgage payments?
	• Can’t refinance?
	• Want to avoid foreclosure and/or bankruptcy?
	• Want to save your credit?
	• Wondering what your options are?

California has been inundated with people who cannot afford their mortgage payments, cannot refinance because their home value has dropped, and think that foreclosure is the only option. Foreclosure is not your only option. We are Wholesale Direct Real Estate and we’ve helped a number Californians just like you.

• Sell Your Property Fast
• Avoid Foreclosure
• Save Your Credit
• Walk Away With No Mortgage Debt & No    IRS Issues
• You Pay Us Absolutely Nothing!!
Your lender does not want to foreclose on you. They are not in the real estate business; they are in the lending business. They would prefer that we sell it (through a short sale) to get it off their books (even at a loss to the lender) than continue having that money tied up without producing revenue.

What is a short sale?

A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff. This means that the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

Example: You have a mortgage of $300,000 but the home is only worth $250,000. You are “short” $50,000 (not including fees, title/escrow, commissions, etc.) The $50,000, plus fees and commissions are paid/absorbed by the lender unless you sign a note agreeing to pay them!

Why will the lender pay the fees and commissions?

The lender has not been receiving monthly payments on the $300,000 it has lent you. It will take a few more months to foreclose on your home. That means a few more months of the lender not receiving monthly payments and incurring other holding costs. When they do finally take over your property, they will have to pay the realtors a commission when they sell it. We are not only helping you avoid foreclosure with the short sale, but also helping the lender by selling the property several months before they typically would.

Tax Benefits

Normally, you would be taxed by the IRS for the amount “forgiven” by your lender. Now, with the Mortgage Forgiveness Debt Relief Act, you may not owe the IRS anything for the amount forgiven!

The Mortgage Forgiveness Debt Relief Act of 2007

The Mortgage Forgiveness Debt Relief Act (H.R. 3648) is only applicable through December 31, 2012. You need to act quickly in order to take advantage of this opportunity!!

Wholesale Direct Real Estate is a real estate company that specializes in California Short Sales. We are not accountants or lawyers, nor do we dispense legal or tax advice. We strongly encourage you to discuss with your lawyer and/or CPA the implications of doing a short sale. You can also go to the IRS website (www.irs.gov) to learn more.

The California real estate market has been hit hard with the latest downturn. We are San Diego Short Sale specialists here to serve you. Please give us a call to help you avoid foreclosure, save your credit, and provide the possibility of walking away from your home with no mortgage debt or tax consequences from the IRS.

We are proud members of the San Diego Association of Realtors, California Association of Realtors, and the National Association of Realtors.

If your property is in California and you would like to know how you could benefit from a short sale, please give us a call for a free consultation.

Wholesale Direct Real-estate is licensed by the California Department of Real Estate (DRE # 01878919).

Providing you with comprehensive, high-quality listing service is our top priority. So when you decide to sell your home, please contact us and we'll get started!

I wanted to say thank you to the staff at Loss Mitigation Advocates for referring me to Wholesale Direct Real Estate and helping me settle my property issue through the short sale process. Sam was very helpful and explained everything in detail for me. I would recommend anyone thinking about foreclosure to call the staff at Loss Mitigation Advocates so they can help you better your situation.

Ryan H. (Palm Springs)

Wholesale Direct Real Estate was able to educate us and help us through the short sale process with great results. Thank each and everyone of you for your assistance in the short sale of my property. It was smooth and relatively easy transaction. I found your customer service manner comforting and reassuring in difficult times like these. You have saved me from foreclosure and I really appreciate everything you guys did to make this happen. You guys performed a miracle. You and your team were great to work with and made the process much better than it could have been. It was much appreciated.

Marcy M.
(San Diego, CA)

Wholesale Direct Real Estate helped me short sale my home. My credit was good, but i decided to sell one of my properties that I owed $513,000 on and it was only worth $283,000. I made the decision to short sale it because I would have never seen positive equity in the property as long as I lived. Sam at Wholesale Direct Real Estate was able to negotiate the short sale with my bank and have the buyers and sellers agree to pay a $7,100 income tax lien and the $3,200 i was past due on the HOA fee's. I would recommend Wholesale Direct Real Estate to anyone that needs similar assistance.

Tony Y. (La Jolla)