Michael George

Should I Short Sale My Property?

We are professionals that provide solutions for homeowners that need to sell their homes, but are unable to do so.  There are many reasons you may find yourself in this situation, including:

• You owe more (sometimes far more) on the home than it is currently worth - this is often referred to as being "upside-down" on the mortgage.
• Foreclosure activity in your neighborhood has driven property values down.
• You are moving out of the area and need to sell your current home, but are unable to in today's market conditions.
• You purchased an investment property that has depreciated and is now losing you money each month.
• You have experienced a loss of income and cannot afford to continue making your mortgage payments.
• Your payments have substantially increased due to an interest rate adjustment or property tax/insurance increases and you can no longer afford to make the payments.
• You want to avoid a default judgment and the additional credit damage associated with a foreclosure sale.
• There are many reasons, and you need to know that you are not alone!

If you are faced with one or more of these situations, you are an ideal candidate for a short sale.  This will allow you to quickly sell your home at a competitive price, satisfy your mortgage in full and walk away with no further obligation.  Contact Us NOW!

What is a Short Sale?

A short sale works much like a traditional real estate sale, with one major exception - we negotiate with your lender(s) to accept a sale price that is less than what you owe on the property.  The following steps explain, at a high level, how we manage a short sale for you:

1. By conducting a thorough market analysis on your property and surrounding neighborhood, we are able to determine a very competitive asking price that will guarantee a high volume of interest in your property.  We do not take into account what you actually owe on the property to determine this price - we let the market determine it.
2. We list the property on the MLS and advertise through RE/MAX, the #1 Real Estate Company in the World.
3. We regularly monitor the level of interest in the property and adjust the asking price as is necessary to insure a sufficient number of buyers are showing interest in the property.
4. We simultaneously market your property to a group of qualified buyers that have already approached us looking for short sale properties.
5. We take all qualifying offers and present them as part of a short sale offer package to your lender(s).  Our team of professional mitigators negotiate with the lender(s) and buyer(s) until the sale is approved.
6. We represent your interests, and only your interests, in negotiating with the lender - once the transaction is complete you will be released from all obligations under the mortgage(s), current and future.  Also, as long as this property is your primary residence, you will be released from all IRS tax obligations for the forgiven debt.

Benefits of Our Short Sale Service:

• We have several years of experience with many different lenders. We are Full Time Professionals helping homeowners just like you!
• We can convince your lender to accept an offer on your property, even if it is for far less than what you owe on the property.
• You will walk away completely free of debt and tax liabilities on the property.
• You can continue to live in your home for months without making any mortgage payments while we short sale it.
• We can convince most lenders to stop foreclosure while we are negotiating the short sale.
• A short sale will be far less damaging to your credit than a foreclosure. See below for our FREE REPORT-The Top 10 Reasons Why a Short Sale Is Not Nearly As Damaging To Your Credit As A Foreclosure!
• You do not have to be in foreclosure to conduct a short sale.
• We can help you begin the process of repairing and rebuilding your credit-almost immediately.
• Our Service is NO COST to you, the homeowner! Ask us how!