If you’re behind on mortgage payments, you may be able to work with your lender to find an alternative to foreclosure. Your lender will evaluate your individual circumstances based on the reason for default, and whether your financial ...more
WITH a Short Sale.
If you owe more on your house than what it’s currently worth, the lender may allow a short sale. A short sale is a real estate transaction where the mortgage company lets the homeowner sell the property for less than what is currently owed on the mortgage. The best part is there is no cost to the homeowner to do a short sale. The short sale will help you avoid foreclosure and settle your debt.
Qualifying factors for short sale help
You’re undergoing financial hardship, such as loss of income, divorce, excessive debt, or death of a homeowner.
Owe more than house is worth
You owe more than the house is worth when factoring in the mortgage, additional liens, HOA fees, and closing costs.
30+ Days Delinquent
Your mortgage loan is at least 30 days delinquent.
Mortgage exceeds appraised value
An appraisal obtained by your lender shows the value of your home as less than the mortgage amount.
How a short sale realtor works for you
We’ll handle the entire process from start to finish.
Hire a Short Sale realtor.
Your lender will require you to hire a short sale realtor (like us) to negotiate on your behalf; we know their process, and what it takes to get short sales approved.
Submit a short sale package.
We will submit all the paperwork needed on your behalf. After your initial consultation with us, we will make sure we have everything we need to get the lender to review your short sale.
Negotiate with your lender.
We will negotiate on your behalf to get your debt settled and all fees paid so you don’t have to. We know how to speak to the lenders and get your short sale approved. We advocate on your behalf to make sure the lender approves your short sale.
You will know every step of the way what is going on with your short sale. We know how frustrating this process can be, so we have the systems in place to make sure that you are never in the dark about what is going on with your house.
When seeking loss mitigation services it is important to…
Make sure you do not ignore any communication from your lender and you maintain honest, open communication at the first sign of financial difficulty in order to take advantage of the assistance they will offer you.
If you agree to a loss mitigation option like a short sale, be sure you can comply. If there is a change in your circumstances and you cannot honor your agreement, contact your lender immediately. The further behind you are, the fewer options you’ll have with your lender.
If the lender knows the house is vacant they may send a property preservation team out to change the locks, leaving you locked out of your home. It’s also important not to move out as you may not qualify for relocation assistance if you abandon your property.
Frequently asked questions
Take It From Our Past Clients
What our clients are saying…
“I was coming from the lowest point in my life and you managed to get me through the longest short sale ever. YOU have given me hope and inspiration! Thank you!”
“I didn’t think anyone could help me after multiple loan modification attempts. The lender would not budge. Nicole and her team were able to get the lender to accept a short sale, postpone multiple foreclosure dates and get me funds from the lender at closing to help with moving!”
Winter Haven, FL
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