Homeowners can avoid a foreclosure by doing a short sale.
Short Sales typically happen when homeowners’ mortgage balances are higher than the property’s current market value.
Why do this?
- Because homeowners can avoid a foreclosure and this is better on his credit.
- Because homeowners may be allowed to purchase another property sooner.
- Because agents get paid by the mortgage servicer and not by the sellers.
To help you get started, here are a few questions that we may ask you to help fast track this process:
- Since when have you not paid your mortgage?
- What is your loan type?
- When did the hardship begin and its reason?
- Can you provide financial documents such as proof of income, bank statements, tax returns if applicable?
- Is there a scheduled foreclosure sale date on the property?
You are not alone. We get you right along this process to prevent the foreclosure sale from happening.
We are not attorneys but our team has already helped hundreds of homeowners in distressed situations to work on loss mitigation options with their lenders where we negotiated deals successfully.
We also have dealt with just about every mortgage lender in the US to negotiate short sales, modifications and deed in lieu as loss mitigation options for our clients.
This means our clients were able to put it all behind them and even got relocation monies to help them with their move.