Short Sale Program
Why work with amateurs when you can work with Professionals.
Any professional Realtor is obligated to have you speak with an attorney before commencing the short sale process. Why not work with a Real Estate Brokerage owned by a Real Estate Attorney who works on short sales everyday.
In addition to some of the most powerful marketing and sales strategies our short sale program includes:
1. Our Upside Down Analysis
2. Advice of counsel on when and if you should stop paying your loans. In our opinin sellers should rarely stop paying on their first loan until certain conditions are met.
3. Discussion of Pricing and Marketing strategies designed to satisfy the lenders and obtain strong offers.
4. Find out why you should only work with Realtors who have successfuly negotiated approvals with the lenders in which the sellers are released in writing form liablity for the remain loan balances. You would be amazed at how many Realtors do not even understand the difference between a release of lien and release of deficiency. (if anyone tells you it happens automatically run.)
5. Have your short sale package reviewed by an attorney.
6. Make sure the proper clauses are part of your listing contract.
7. Insist on the proper addendums and additional clauses are made part of purchase and sale agreements.
8. Discuss the timing of when escrow should be opened and written noticed delievered to the buyers.
(A mistake here can be costly.)
9. A closing audit to see if the lender(s) are properly releasing you from a deficiency
optional:
negotiations conducted by an experienced attorney
leveraging of federal and state lender liability laws to soften up the lenders
and more.