Are you in a bad situation and can’t afford to make the payments on your home? If you are, we can help. As a free service, we offer to meet with you to review your individual situation to see if we can assist by coordinating either a loan modification or a short sale.

If after reviewing your situation it’s determined that you could qualify for a short sale, we can move quickly to help you complete the process. Conducting a short sale is a long and delicate process that you can’t trust to just anyone, so rest easy knowing we have extensive experience in this field.

What is a Short Sale?
A short sale takes place when a property is sold for less than what is owed on the mortgage and the lenders who own the underlying mortgage or mortgages, accept less than the full payoff as a settlement. This allows the property to transfer to the buyer even though the lenders did not receive the full amount that they were owed.

The Process
Once it’s determined that we will proceed with a short sale, we’ll follow these steps:

• Sign a listing agreement
• Provide you a short sale package to complete
• List your property for sale in the Multiple Listing Service (MLS)
• Negotiate & Accept a reasonable offer the bank is likely to accept
• We’ll submit the offer package, along with a financial package from you to a professional short sale negotiation firm for 3rd party approval from your lender
• Once we receive 3rd party approval back from your bank, we can then proceed to closing
• We’ll coordinate all closing requirements so we can close on the property (*sellers can’t receive any proceeds from a short sale)
• After closing, you’ll need to consult with an accountant to properly file your taxes following a short sale

THE BEST PART IS THERE IS NO COST TO YOU!!