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Contact Information

 DIANE PATTERSON
Century 21 Experience
7168 Archibald Ave. #100
Alta Loma, CA  91701
Phone:  909-466-1255
Fax:       909-945-2626
Email  
 
patterson.dianep@gmail.com

Testimonials

Diane has been my Realtor since 2000, when I sold and then bought 5 different properties; one being a 1031 exchange. Each of my properties sold for more than I expected due to Diane's knowledge and experience. I have referred her to all my family members and many friends. Gayle M
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! Tony and Charlie O.
Thank you so much for taking the extra effort to make my first home purchase successful. You were there guiding me through all the crucial and important steps! You really listened to what I wanted in my home and you found exactly what I waslooking for - at an amazing price! When I outgrow this home, I'll definitely be calling you! Edwin H.

Short Sale Info

 
Homeowner Consequences
 
Issue    Foreclosure Successful Short Sale 

 Future Fannie Mae Loan-Primary Residence

A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period of 5 years. A homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed mortgahge after 2 years.
Future Fannie Mae Loan-Non Primary Residence An investor who allows a property to go to forewclosure is inelligible for a Fannie Mae-backed investment mortgage for a period of 7 years.    An investor who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed investment mortgage after 2 years.
Credit Score    Score may be lowered anywhere from 250 to more than 300 points.  Typically will affect a credit score for over 3 years. Late payments on mortgage will show, and after sale, mortgage is normally reported as "paid as agreed," paid as negotiated," or "settled."  This can lower the score as little as 50 points if all other payments are being made.  A short sale's effect can be as brief as 12 to 18 months.
Credit History Foreclosure will remain as a public record permanently, and on a person's credit history for 10 years or more. A short sale is not reported on a credit history.  There is no specific reporting item for "short sale."  The loan is typically reported "paid in full, settled."



As your short sale specialist, I will determine the requirements of your lender(s) to approve your short sale. Facilitate the submission of required documents from you to the lender(s) incuding a "hardship letter" which speaks to changes in income and/or expenses. Determine a listing price for your home and diligenty market it for sale. Communicate regularly with your mortgage lender(s) short sale negotiator to work towards a selling price that they will agree to.

                                                       THE MOST ASKED QUESTIONS FROM HOMEOWNERS 
 

                               1 .   Do I Qualify 
                               2.   Will My Lender Approve My Short Sale
                              3.   How Long Does It Take
                             4.   What Do I Need To Get Started
                             5.   Will I Ever Own A House Again


                                                    
  IF YOU'VE GOT QUESTIONS........I'VE GOT ANSWERS
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