Denver Model Home Tours -Short Sales Division
denver

  Short Sales Tutorial

 FOR BUYER AND SELLERS

Need a Short Sale Expert Realtor?
We offer FREE Short Sale Specialist Help and services!

• What is a Short Sale? Simply put- it a sale by a homeowner who has negative equity to avoid foreclosure !

A short sale occurs when a lender agrees to accept a less than a person owes on a property(basically you owe more on your mortgage(s) than your homes current market value) and so you can't sell your home without a loss! Banks agree to short sales order to cut their losses* and avoid a costly foreclosure procedure.  As noted above this is usually done when a home owner is in difficult financial circumstances and owes more than the value of their property.

* bank losses include negative equity which must eventually be charged off on their balance sheet and that means they can loan less so their potential losses are greater than just negative equity

• What are the qualifications for a Short Sale?

The borrower MUST be in some type of financial hardship, and be in a position where they MUST sell their home.  A financial hardship can include a loss of employment or income, divorce, relocation, increased medical expenses or illness in family, poor condition of property without resources to make repairs, or even vacant investment properties that are damaged or can't be rented. 

How and When to Walk away from your Mortgage Legally ,Ethically and Morally

 

Lets talk solutions!

If you are in financial hardship, and owe more than the value of your  Home, I will guide you through the short sale process, market and help find a buyer for your home, and work with your lender to negotiate a short sale on your home.

The best part is that my services  are at no cost to you!  In a short sale, almost ALL Short Sellers closing costs are paid, including the real estate brokerage fees  for by your mortgage holder or the Short Sale Buyer!

What is a "SHORT SALE BUYER"?

SHORT SALE BUYER types vary,but  they are financially qualified buyers who buy SHORT SALE homes as  a form of investment or  a 2nd home or for retirement

What are the benefits to me as a SHORT SELLER ?

  • Gets rid of the  Negative Equity in your home by transferring it tothe lender

  • You Avoid Foreclosure and drop in credit ratings

  • Relieves stress BY ELIMINATING MONTHLY MORTGAGE PAYMENTS

  • Allows you to start over -the rental market cost less than owning a home

and we can usually get you a lease with option to purchase; because you kept your credit rating by avoiding foreclosure

Need Help with a Short Sale ation and consultation to discuss the short sale process with you.

Martine

877 302 6500

 

We also offer free Pre Foreclosure Help

    Is your property in Foreclosure proceedings?  Maybe you were served by a process server, with a "Lis Pendens", also known as a notice of intent to foreclose on your Home.  There is still time.  In Colorado the Foreclosure process is very time consuming and can take quiet some time once the process is started.  While it is never a good idea to take court actions lightly, there are tactics and ways our short sale specialists have to help push the process off while working on the short sale of your  Home.  It is a fact that most lenders will halt the foreclosure proceedings at least once to consider a short sale offer on your properties.  There are many tactics our agents can employ to Stop Foreclosure of your  Homes. Your lender typically does not want to take possession of the property if any way possible

     If you own property in the OUR SERVICE area  I offer short sale services and pre foreclosure help free of charge.  I can you help avoid a Foreclosure with a "Short Sale" on your home.  Please note that while I do consult attorneys, I am NOT an attorney. I am also a tax advisor and financial planner.

  Please consult the appropriate legal representation if required or needed in all legal matters.

 


Why would a lender accept a short sale?

There are many reasons that are  in a lenders best interests to accept a short sale on a property, and

  avoid costly foreclosure proceedings for your home.

  • The average Foreclosure proceedings costs lender approximately $20,000 t0 $50,000 beyond what the homeowner owes them
  • Lenders are in the money lending business, NOT the property management business
  • Properties that are left vacant deteriorate in condition, leading to greater loss 
  •  Currently i property values are still dropping 1%-2.5%/Month in many areas
  • Lender must spend money  spent on property management items to keep up the value
  • High numbers of foreclosures increase bank losses which make your lender/ bank look bad to their shareholders

It is usually in everyones best interest to cut their losses and accept a short sale on a property.  Experience is everything when is comes to getting short sales approved.I make short sales happen, when many other agents make foreclosures happen!  The results of inexperience can be disastrous.  Contact me for a free consultation to discuss how I can get your home SOLD!

  Call

(877) 302 6500

Remember, ALL fees are paid for by your mortgage lender or Short Sale Buyer!

 

 

 

 

 

 

 

 

 

 


 

Should I Beware of Investors?

If you are in financial hardship, be aware of scare ads! Most Investors / Buyers are intelligent people who know what is the market value of your home

We are NOT investors!

We are licensed realtors who team with reputable investors who can qualify with your mortgage holder and assure you a quick short sale!

No mystery -money talks

Act now and relieve the stress and debt .

It is not your fault the home and stock markets crashed!



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