REALTORS | LENDERS | SELLERS

REALTORS


We assist the agent thru the short sale process. Facilitating all of the necessary paperwork to the lenders and following up with the lenders with the progress of that short sale. Hire the experts! We will provide you with a weekly update throughout the process of the short sale so you can inform the buyers agent.

Take our test below to see if you can answer these questions correctly:
  1. Does a seller need to be delinquent in order to do a short sale on their property?
  2. How long will it take the lender to process the short sale?
  3. What type of commission will the lender allow?
  4. Does it matter if the property is owner occupied or vacant?
  5. What is the % that FHA must net on a short sale?
  6. Will the lender allow seller concessions on a short sale?
  7. What does the value of the property have to be in order to qualify for a short sale if it is an FHA mortgage?
  8. What is the % that VA must net on a short sale?
  9. Do you know about the mortgage debt relief act? Do you know who it pertains to and who it doesnít?
  10. If there are 2 lenders against the property, do you know who you are doing a short sale with?

How did you do? Were you able to answer all of the above? If not PLEASE CONTACT US we would be happy to help you!



LOSS MITIGATION SERVICES


Independent third-party

We can assist the lenders in being proactive on 30 day delinquent loans and try to avoid the 90 day delinquencies. We would attempt to contact the homeowner on behalf of the lender to try and find out what the sellerís needs are. Forbearance, Loan Modification, Deed in Lieu, Short Sale. We would then begin the process of pre-qualify the sellers and the property for a short sale if that is the best option for them, obtain a BPO or Appraisal on the property. Once the value is determined and the sellerís financials have been reviewed and approved to participate in the short sale program then we would give the sellers a list of qualified agents in their area to get their home on the market and sold. This process would help to alleviate the work load within the loss mitigation departments. The demand for short sales are overwhelming to the lenders at this time. The turn around time for a short sale is so long that by the time the lender does have an answer on the short sale there is no longer a buyer, so time has been wasted. A reasonable amount of time to process a short sale and still have a buyer engaged is 2 to 3 weeks, any longer than that you probably do not have a buyer any longer.

OUTSOURCING

You can outsource the short sale file to us! We will put the package together and submitting the file to the lender/investor or PMI Company for their decision.

The reason a short sale is taking the lenders so long is the number of files one negotiator will have at one time. It is unreasonable to expect that one person can handle over 100 files. The % that will make it to the closing table is very small.

By using Your Short Sale Solution as a vendor or an outsourcing company you will increase your bottom line by reducing employee costs, overtime, and benefits. Each file would be a flat rate instead of an hourly rate. You will also reduce employee burnout.

This short sale epidemic will be here for years to come and working more cost effective thru this down time will help you, the lender, weather the storm.



SELLERS


There are millions of homeowners that are currently in financial crisis for many different reasons; divorce, loss of income, illness, and adjustable rate mortgage. These are just a few of the reasons. The thought of loosing their home just adds to the stress in their lives.

Be pro-active!!!

Donít be afraid! Put both feet forward and face the storm head on. Communication with your lender is crucial, whether you are behind or not. There are many options that are available to you, but if you do not fight for you who will? So call the lender and inform them of your situation immediately, if that person does not listen to you donít stop there, keep calling until someone does.

Possible Options
  • Reinstatement
  • Forbearance
  • Repayment Plan
  • Claim Advance
  • Mortgage Modification
  • Short Sale

DO NO BURY YOUR HEAD IN THE SAND! THE LOSS OF YOUR HOME CAN BE DEVASTING, NOT JUST PERSONALLY BUT ALSO FINANCIALLY. TAKE CONTROL OF YOUR FUTUREÖÖ