Short Sales are the best solution for many homeowners. One government agency estimates that up to 60% of the properties sold in 2010 and 2011 will be short sales. A Short Sale occurs when a borrower sells their property for a sales price that is less than the amount that they owe to their lender(s). In order for this to take place, the lender(s) must accept a discounted payoff. This means that the bank gets paid less than the full loan amount owed. In a Short Sale, our team works diligently to make sure that the homeowner receives relief from all of their mortgage debt after the sale is finalized and avoids an financially crippling Foreclosure or Bankruptcy on their credit report.
When a Short Sale is executed correctly, it is a Win-Win-Win Solution for the Distressed Homeowner, their Lender, and the New Buyer. The Lender will receive the highest Marketable Price while avoiding the higher costs associated with a Foreclosure, the Borrowers Avoid a Foreclosure from being entered onto their credit, and the New Homeowner gets to Purchase a property at Today's Most Competitive prices. In most cases, the borrower also receives relief from possible future legal actions and deficiency judgements.
The end result is that you Sell Your Home, Satisfy or Settle Your Mortgage, and Avoid a Foreclosure or a Bankruptcy. You get to walk away and often you owe nothing.
We Do All The Work. The Short Sale of a home is a very complex process, and there are many companies and individuals in the market who are inexperienced. One mistake can capsize the whole transaction. Our team has negotiated and completed hundreds of short sales, and we have the experience to make sure your short sale happens smoothly. We work hand in hand with the lenders to get you out from under your mortgages, and no one is better at Short Sales. Our success rates speak for themselves. While the industry average is only 15%, we close 80-90% of our short sales.