Luxury Short Sale, Bank Owned & Foreclosure Experts

 

Why do a short sale? There are many reason ....

 

• Less Damaging to Credit Rating: A Foreclosure will severely damage ones credit rating for 7 years, but a Short Sale is less damaging and its effect does not last as long.
  
  
• Major Banks are Encouraging Short Sales over Foreclosure:Fannie Mae (FNMA) recently changed their underwriting policy so that a past home owner now has to wait 5 years after a Foreclosure before FNMA will underwrite a new loan. If the homeowner conducted a Short Sale the wait time is just 2 Years! Freddie Mac also offers participating Banks a $2,200 incentive to conduct a Short Sale versus Foreclosure.
  
• Probable Relief from HELOC 2nd Mortgage:When the 1st Mortgage Bank forecloses, the 2nd TD HELOC loan is not deleted from your debt. The 2nd TD HELOC Mortgage Bank may take legal means to collect their debt after the Foreclosure. With a Short Sale, we negotiate with both lenders to highly reduce or totally eliminate the HELOC loan debt.
  
  
• Dignified Solution:With a Short Sale, we sell your home just like your neighbors have done. It's a dignified resolution to a tough situation. On the other hand, after a Foreclosure, a Sheriff performs a lock out, the grass turns brown, and a Bank Sales Rep places 'Bank Foreclosure For Sale' signs in front of the property for your neighbors to see.
  
  
• Much Shorter Delay to Renewed Loan Worthiness:Credit Restoration firms are able to make major improvements to the credit ratings of short sale clients, within months. Generally there is extreme difficulty in making improvements to damages on credit reports resulting from Foreclosure.
  
  
• "Cash for Cooperation":Some of the banks are now offering home owners a Cash incentive in order to Cooperate with a short sale, versus allowing the property to be Foreclosed on by the Bank.
  

 

Short Sales- Time is of the Essence.

 

If Foreclosure proceedings have started on your home, then you may have less than 3 months and 3 weeks before your home is sold at the public Foreclosure Auction on the courthouse steps. Now our team of experts can almost always get the foreclosure postponed, but only if you call us. Please don't hesitate, or sit in hope that your financial fortunes will significantly change in the near future. We're here to help you prevent Foreclosure using a dignified short sale solution.

Experience Matters!

 

We have helped numerous homeowners, and we can help you as well. Don't trust your home Short Sale with just any Real Estate Agent! You may only have one shot at this, and there is a lot riding on the successful negotiations with your Bank and subsequent sale of your Home.

We've been working in the real estate industry with Short Sales, Foreclosures and Bank Owned properties since 1994. We've negotiated with many Banks and Savings & Loans officers to reduce loan balances or postpone foreclosures, or to re-structure loans on behalf of the home owner.

Short Sales are the most complex of all residential real estate transactions. In order to sell and close short sales with a high rate of success, and to also represent the property owners best interests, a homeowner should only work with an experienced and dedicated short sale team.

 

Before you decide to list your home for sale, or pay upfront fees for a Loan Modification or Foreclosure consultation, contact us-- you will be glad you did.