Short Sales

Avoiding the Worst Case Scenario

Are you in default, close to foreclosure, in foreclosure, or are you simply upside-down in your home?

Are you not sure how to transact a short sale or do you just not have time to research it?

Do you need help from an experienced Real Estate Broker that can do short sales?

Are any of these following options something you might consider?

Payment Assistance Programs

Various assistance programs are offered by mortgage companies. You may be eligible for one or more of the following programs:

Assumption When a person takes title to the property and assumes liability for the payment of an existing note or bond secured by a mortgage against the property.

Deed in Lieu To voluntarily surrender the property to the lender/investor instead of having it foreclosed on.

Extension/Extension Stipulation To postpone specified monthly payments to the end of the loan, beyond original maturity date.

Forbearance/Repayment Plan A specified payment plan, agreed upon by the lender over a period of time to cure the past due amounts.

Loan Modification Changing the terms of the note, by possibly lowering the interest rate or converting the loan from an adjustable rate mortgage loan to a fixed rate loan.

Pre-Foreclosure Sale Allows a borrower, delinquent on their mortgage, to sell the home and use the sale proceeds to possibly satisfy the mortgage debts.

Short sale/Short Payoff Lender accepts less than the full payoff to satisfy the debt.

If you answered yes to any of the above then we would like to speak with you as soon as possible about how we can help you.

We have a system in place for short sales that is right for your situation--no matter what the circumstances are.

My team has been trying to help as many sellers as possible to avoid foreclosure and/or do irreparable damage to their credit standing. We can help you solve all these problems IMMEDIATELY. From marketing for short sale leads, to qualifying you as a Seller for a short sale, to negotiating with the lender, all the way down to the closing. These are a few of the STEPS necessary for a Short Sale Transaction:

1. Marketing for leads (Best way to generate short sale leads)
2. Qualifying you as a Short Sale Seller (20 Questions that need to be asked)
3. Short Sale Packet (all necessary forms filled out correctly)
4. Listing forms (what to write in order to protect you)
5. HUD forms if FHA loan
6. Submitting all Forms
7. Dealing with the Appraiser
8. Acceptance into a lender's Short Sale Program
9. MLS entry (specifically for a short sale)
10. Short Sale Math for the HUD 1 statement
11. Contract Offers & Responses
12. Closing

As you can see these are just some of the steps required in conducting a short sale transaction. There is a tremendous amount of energy and time needed to see these transactions close from beginning to end.
If you would like assistance from LuxeMark Realty, we would be more then happy to sit down with you and discuss how we can be of assistance.