Homeowner Consultation & Follow-up

We reach out to you to discuss your hardship, gather initial information, and pre-qualify you for a short sale, based on your specific bank’s guidelines. If you don’t qualify, we’ll let you know, saving you a lot of wasted time. However, rest assured 9/10 homeowners do qualify for our program. We answer all of your questions and help you understand the benefits of a successful short sale. 

FHA/Co-op Evaluation & Request

If you have an FHA loan, we begin the prequalification process. This program will speed up the process, and may allow your to receive $750 to $10k at closing.

Offer Perfection

The executed contract between the buyer and seller is the most important document in a short sale. When an offer is received, we review every detail and manage all communication with buyer agents. We do not negotiate price or make the final decision as to which offer is submitted to the bank - that is your job. We simply address the details that can cause processing delays and then communicate rules set by the attorney or the bank. If you have an existing contract, we will almost always recommend some changes, and occasionally, it will need to be re-written entirely.

Follow-up

This is where we excel above and beyond what an individual homeowner would have time to do. Each time we call the bank or make any sort of process with the transaction, we send updates to agents and/or clients, so everyone is always kept in the loop.

Transaction Setup

Part A: Document Acquisition

 

You sign a listing agreement with our partner Real Estate Brokerage. We gather all necessary short sale documents from you (ie. Bank Statements, letter of termination, mortgage statements, all mortgage documentation..)

 

Part B: Authorization & Verification

 

We submit the authorization form to the bank(s) and gather initial loan information from you. This is important to determining the type of short sale that we’ll be pursuing on your behalf. We confirm all information provided by you, check for foreclosure dates, confirm HOA dues, and perform a title search to check for unknown liens or judgments.

 

Part C: Valuation... short sale-style

 

Using a different formula for each bank and/or investor, we review the property and provide you with a projection of what the bank will think your listing is worth. This can often be very different from market value and will help avoid problems that come with over- or under-pricing.

Contract Submission/Negotiation

We submit a comprehensive short sale package to the your lender, formatted specifically for that bank. We don’t use a cookie-cutter approach; each package is different, depending on what works best for the bank, the investor, and the homeowner’s financial situation. Every package is completed by a seasoned short sale expert and then reviewed prior to submission.

Closing Coordination

After we obtain a written short sale approval from the bank, we continue to work with the homeowner, the buyer agent, and the closing attorney to ensure that all closing details are addressed, and the transaction is finalized without issue. You can be involved as little or as much as you'd like, but if you’d prefer to focus on other aspects of your life you can be sure that we’ll handle every aspect of the short sale process.