About Short Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




What is a "Short Sale?"

A short sale occurs when a mortgage servicer agrees to accept less than they are owed for an outstanding loan.

SLP understands that defaulting on your mortgage is a difficult situation. Many people foresee themselves heading into default, or are already in foreclosure. What many people don’t realize is that they have an option before the bank takes away their house. A short sale is an alternative to foreclosure and one that we can offer advice about to you.

 

Not Sure If You Qualify For A Short Sale?

Do You:

1) Owe more on your property than what you could sell it for, especially after including all of the real estate commission, closing costs, late payments, interest, etc?

2) Have difficulty covering your expenses each month?

3) Not have enough money in the bank to cover the difference between what you could sell your house for and what you owe the bank?

 

Are You Having Trouble Making your Payments?

Are You:

1) Feeling the stress mounting with each missed payment and phone call from your bank?

2) Borrowing money from other sources to pay your mortgage?

3) Getting confused as to what your options are at this point?

 

Be Proactive And Save Your Credit From Foreclosure!

You need to act NOW… this process can take weeks, so we must get started TODAY!

Foreclosure stays on your credit for up to seven years and can make it difficult to obtain another loan, buy another house, or even be approved to rent by a landlord...

Conducting a short sale minimizes the damage to your credit.  It takes time, so you must get started as soon as possible…CONTACT SLP TODAY!!

 

SLP has a team of Effective Short Sale Negotiators
Lenders commonly work with short sales we bring them because short sales often
save them money. Mortgage servicers can lose a lot more money if they have to take your property to foreclosure sale. We use our experience and established relationships with the lenders to negotiate quickly and effectively with them.

 

Here’s How It Works
You need to act NOW… this process can take weeks, so we must get started TODAY!
We help you gather all documents and financial information to support your situation of hardship, contact the correct department within your mortgage lender’s company to “make your case” for why the lender should accept a short sale, and get in touch with the lawyers and mortgage insurance companies (if/as required) involved in your case.
We submit the purchase / loan payoff offer(s) on your property, the financial information, and other supporting documents required by the lender to our contacts inside your mortgage company, to negotiate the short sale of your property.
We coordinate with the lenders, title companies, attorneys, mortgage insurance companies, public trustees, etc. for the requested approval of your short sale so that your house and your credit can be saved from foreclosure auction
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Foreclosure Sale Date Approaching? ACT NOW!  Contact US TODAY!

It’s best to allow yourself as much time as possible to short sale your property, but if you’re not sure you have enough time to conduct a short sale, contact us so we can discuss your situation.

See our Q & A section for more information

Still have questions? Contact one of our Short Sale Specialists

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