Our cost for representing a buyer on a foreclosure is our normal fee structure.
If you are buying a short sale, it is a two-step process:
- Mutual acceptance from the seller
- Bank approval
If you are a seller that might need to do a short sale, we can help. You can get rid of your debt forever by doing a short sale. Short sales are common in today’s market and don’t have to be that difficult.
If you are a seller that needs to do a Short Sale our negotiators will help you through the following steps:
The First Step
The first thing we need to do is learn about your situation. Are you current or in default? Is this your primary residence or an investment property? Do you have one loan or two – or more? Do you have private mortgage insurance (PMI)? Do you have other liens on the property? Is there a trustee sale date? Do you currently have a listing agent? This first step begins by you contacting us. We will then have a phone consultation with you to learn about your situation.
The Second Step
The second step is to collect all of the required paperwork that your lender(s) will need. We will setup our file and make sure that you have answers to all of your questions. If you have any legal questions, you will be able to get them answered by our attorney at no charge. Whether you have an offer on the property or not, we will submit the paperwork to your lender(s) to determine your eligibility for a variety of HAFA, Freddie Mac, and Fannie Mae short sale programs.
The Third Step
Once an offer has been received on the property, it is sent to the lender(s) and the negotiation process begins. This stage typically takes 60-90 days to complete. Once we receive a response from the lender(s), it is provided to you for review. At this stage, if you have any additional questions, our attorney is available to answer them.
The Fourth Step
Once you have reviewed the short sale approval letter(s) and the buyer has waived their contingencies, we will proceed to close. Our negotiators manage the entire short sales process all the way through closing getting any extensions as necessary and making sure the buyer’s financing is in order.
Contact us to help you through the process.