Worried about making your mortgage payments?
Don't worry. We can help...

You have to remember, we have all had our ups and downs in life and a lot of other good people are in the same tough spot as you. Life seems scary when you're facing the reality of foreclosure or how you feel when you just don't want to answer the phone any more...

We all agree that we are in the middle of a national mortgage crisis and that, in many cases, homeowners who have bought or refinanced in the last few years have been seriously abused by unethical lending practices!! You bought your home and hoped (like we all did) that it would increase in value (and some folks were even promised it would!), but most likely the harsh reality is that now your home is worth less than when you bought it for and the value is still declining sharply. You probably feel as if there is nothing you can do.

The good news is you have options!
1. Reinstate Loan
2. Repayment Plan
3. Forbearance
4. Loan Modification
5. Refinancing
6. Short Sale

What is a short sale?
A short sale is when a bank or mortgage lender accepts less than the loan amount owed on the property at closing.

What is the benefit of doing a short sale?
Our goal is to minimize the damage on you credit report and to get the bank to agree to forego a deficiency judgment against you.

How Long Does It Take?
The negotiations process can be lengthy. It may take one week or several months to get an approval. Lenders have several layers of bureaucracy and investors that have to approve the offer.

Why Would A Bank Accept Short Sales?
In reality a short sale is better for everyone.

• For the Seller it could be less damaging to their credit, their emotions, and they are able to regain some control of their situation.
• For the Banks they tend to lose less money, their asset doesn't become damaged, and they forgo the costly foreclosure process.
• The Community as a whole benefits a short sale tends to minimize neighborhood blight, crime, and it has less of an impact on neighboring property values.

Why Wouldn't A Bank Accept Short Sale?
Banks have an obligation to their investors to do what is best for their company as a whole. Therefore, they must perform due diligence to insure the short sale is the best deal for the bank. The problem is they are so overwhelmed with the sheer volume of foreclosures, short sales, deed in lieu's, and loan modifications that often times rash decisions are made which are not in the best interest of the bank.

Additionally, many of the short sale packages submitted to the bank are incomplete or without merit hence adding to the banks paper congestion and causing more stress on the overextended bank staff.

(SPECIAL TIP)
When considering doing a short sale, you as a consumer, should be looking for professionals that specialize in this field versus someone who simply is a general practitioner in your vicinity. Think of it this way, when looking for a general health care provider we tend to go to someone near our home. However, if you have a serious health issue you seek out a specialist regardless if they are 10, 20 or even 100 miles away from you.

Remember when choosing the team that will represent you, be more concerned about what they know then where they are located.

Who qualifies for a short sale?
Contrary to popular belief the banks are not totally heartless. One of the things they look at when considering a short sale is what hardship occurred to the borrower that put them in this position.

Reasonable Examples:
        Loss of job
        Job relocation
        Divorce
        High medical expenses
        I just can't afford my home
        etc.