Short Sale Investors

Looking for an amazing Deal?

• Short sales have become very prevalent in today’s housing market and may be a suitable option for you if you are looking for a great deal. Each member of our team specializes in Short Sales and are licensed Certified Distressed Property Experts or (CDPE). Less then 0.05% of Realtors have this accreditation nationwide.

Why Banks Don’t Accept Your Short Sale?

• While Short Sales were virtually unheard of only a few years ago, now the majority of banks and lenders are negotiating and closing these deals. They allow a homeowner with a legitimate hardship to sell their property for less than the balance of their mortgages and avoid foreclosure. The issue is that the banks want the right type of deal with exactly the right paperwork and most agents are completely unaware of what the banks want. For this reason it is important to choose a Realtor with the education, experience and knowledge that can represent your best interests and ensure a successful deal.

Short Sale Definition:

• A Short Sale occurs when a homeowner who is facing foreclosure sells his or her home for less than the value of their loan and the financial lending institution accepts the sale as payment in full for the loan rather than the actual full value. This helps the homeowner to avoid foreclosure. Short sales take time, skill but are a win–win situation.

Why Short Sales Occur?

• Over the past 36 months homes have depreciated anywhere from 7-62% depending on the market and location of the property. Essentially, certain home owners now owe a mortgage that is worth more than the property is actually valued or appraised by the lending company. For instance, in certain cases homeowners might have bought their homes with no or very little money down which means that after all the charges, the loan was for more than the purchase price. These homeowners are referred to as having “upside down mortgages”.

The Keys Steps in a Short Sale:

• Obtain an offer from a buyer
• Submit a detailed and comprehensive proposal to the financial lending institution
• Liaise with financial lending institution as they review proposal and offer
• Negotiate and close the deal & Help avoid another foreclosure on the steps of the courthouse.

For more information on Short Sales and Foreclosures contact us today!