The dreaded word. DON’T DESPAIR
1- SHORT SCALE
A Short Sale in real estate can take place when a homeowner is faced with financial hardship and must sell their home. In short sale, the lender is agreeing to allow the borrower to sell their home at a discounted rate.
How a Short Sale Can Benefit You as a Borrower
• Your home is sold and you can move on with your life.
• A short Sale appears on your credit as “Paid as Negotiated “ or “Settled in Full” both of which look better than “Foreclosure . “ A foreclosure looks bad on your credit to your employers as well as future lenders.
• We provide FREE short sale specialist help!
• Your lender will pay your closing cost
In most cases, lenders will release borrowers from any deficiency remaining after the sale. If the lender agree to forgive you, they will provide you with a full release at closing, forfeiting to any rights to pursue a deficiency judgment. After a foreclosure lenders hold the right to pursue judgment even years down the road.
Short Sale is a win-win solution for the home owner and the lender. The lender gets the highest price for a quick sale at a market price. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.
Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed. In a short sale, the homeowners get complete relief from all of their mortgage debt.
The end result is your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, your credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.
What are the Benefits of a Short Sale?
When a Short Sale is achieved, there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy.
• Protect your credit. Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy.
• Our Short Sale Service is FREE to you; the lender covers all the costs involved.
Controlling future costs. If your property is sold at an auction, you may owe deficiencies and other expenses to the lender. Under most short sales we negotiate, the homeowner will be relieved of this possible future headache.
Can investment properties be short sold?
Most definitely. Any type of property can be sold through a short sale.
Can you do short sales anywhere in the county?
We have done short sales all over. While we cannot promise that we can handle properties everywhere, so far we have not had any problems.
What is a Hardship?
• Reduced Income or Unemployment.
• Inability to work due to health reasons.
• Separation or Divorce.
• Medical Bills.
• Business Failure.
• Death of a Spouse.
• Adjustment in mortgage payment or unforeseen increase in your monthly expenses.
• Any other circumstance that cripples your ability to repay your mortgage.
Does It Matter Who Does a Short Sale?
Very much so. Traditional Realtors only get about 15% of short sales approved. We work with the largest and most successful short sale processor in the county. Their success rate is over 95%.
What Happens If I Don’t Do a Short Sale or my Short Sale is Unsuccessful?
The result is the same: A Foreclosure. Our goal is for you to avoid foreclosure, which will affect your credit more than a short sale. Generally a foreclosure is one of the most damaging occurrences in a credit history. Most likely you will miss mortgage payments through the course of a short sale and this will show on your credit history. But at the end of the day, when your short sale is completed, your credit report will show that your mortgage has been completely “satisfied” and typically your credit score should almost immediately rise by 65 points.
2- SALE QUICK CASH
Get A GUARANTEED Fair All Cash Offer
All cash offer– We can close quickly. We use private money so you don’t have to worry about us getting long draw out bank approval.
Fair offer– we understand may need to sell right away let us offer you a fair cash offer.
No Commission fee– We are not a Realtors so you don’t have to pay a hefty 6% commission for listing a home.
Avoid Foreclosure- Save your Home from foreclosure did you that the affects of a foreclosure can dramatically hurt your credit and ability to qualify for a new home a rental or applying for credit for any purchase you need.
Credit Repair- How would you like to walk away with a clean credit report as if you never missed a payment. If we are able to purchase your home via you are in foreclosure, we work with credit agency which we pay to have your credit resorted.
PEACE OF MIND Walk away with cash in your hand and with credit restoration for a fresh start. No more looking back worrying what is your next move.
Let us make a fair all-cash offer on your house.There are lots of situations where we can help, including… needs repairs you can’t pay for, fire damaged, bad rental tenants, avoiding foreclosure, upside down in your mortgage, behind on payments, owe liens, divorce, relocating, inherited an unwanted property, own a vacant house, downsized and can’t sell your house, and more.
If you have a property to sell, we can make you a fair cash offer and close on it on the day of your choosing.