For over twenty years we have been in the business of assisting homeowners nationwide through the harrowing process of eliminating the burden of mortgage debt through a short sale, loan modification, deed-in- lieu or other loss mitigation options.
With roots in one of the earlier market crunches of the early nineties, I Short Sale was founded by real estate experts with keen insight on finding solutions for homeowners facing foreclosure, as well as presenting acceptable solutions to lien holders. Then, and now, we stay abreast of current market trends and have special relationships in place that allow us to negotiate short sales in a number of states, and work effectively with real estate agents, property owners, potentials buyers, and the banks.
We understand that you view your home as your most important asset, and the possibility of losing it would be devastating. Our negotiation team, comprised of real estate professionals versed in all aspects of the loss mitigation process, has seen virtually every hardship that brings the homeowner to the verge of foreclosure. We understand the emotional, sensitive nature of your situation and will offer you a solution that will not only satisfy the terms of loan agreement to the lender’s satisfaction, but also provide a fresh start for you and your family to rebuild or possibly regain your asset base in time.
Short sales are now being embraced by lenders as one of the best solutions to minimize their losses on mortgages in default; the losses they incur as a result of a short sale is far less than the loss incurred through either foreclosure, or if the lender retains the property as an REO. Our job is to represent you, the homeowner, through the negotiation process to help you avoid the protracted and painful foreclosure process that could lead to eviction.
Homeowners everywhere are seeking solutions to avoid foreclosure. The options are few. But while searching for solutions, you will definitely come across the term "short sale." But what is a short sale? And many homeowners may be wondering, "Can a short sale help me?"
A short sale is an option for anyone who may be struggling with mortgage obligations. And we have all the answers you need to the question "What is a short sale." We specialize in helping homeowners understand what a short sale is and how it works. And we are experts in assisting people short sale their homes.
What is a short sale?
A short sale is a sale of property in which the proceeds from the sale fall short of the balance owed on the loan or loans secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the property owner in exchange for the sale of the property to a third party. We have the necessary short sale experience to assist you in negotiating with your lender to agree to a short sale and with determining a competitive price for your short sale in order to make the short sale process as simple and timely as possible.
What are the benefits of a short sale?
Homeowners can benefit in a number of ways. The most important benefit is avoiding foreclosure. Because the asking price of your short sale will most likely be less than other properties for sale in your area, a short sale price is likely to attract the attention of buyers rapidly. Taking this route could potentially provide you with the ability to settle your outstanding debt with your mortgage lender quickly - unlike a loan modification, which may provide some relief in the form of lower mortgage payments but still leaves the debt obligation intact.
Short Sale vs Foreclosure: The Facts
A foreclosure on your credit report will impact your credit score more than will a short sale. If your short sale is successful, in many cases, you may qualify for a mortgage much sooner than with a foreclosure as your credit improves over time.
We can provide the expertise and guidance that you'll need. Our experience negotiating with lenders, our dedication to customer service and our track record of facilitating hundreds of short sales makes us infinitely qualified to help make the short sale process less confusing and less painful for you and your family.
Important questions to ask to see if a Short Sale is right for you even if you’re current on your mortgage:
Are your mortgage payments too high?
Will your mortgage adjust soon and you can’t afford to pay the higher rates?
Do you owe more than your house is worth?
Do you want to sell your house but there isn’t enough equity?
If you answered “yes” to even just one of these questions, a short sale could be an option for you. Recent changes in short sale guidelines are making it easier for homeowners current on their mortgage to consider the short sale alternative as a way to shed burdensome mortgage debt. I Short Sale has agents ready to work on your behalf at absolutely no cost to you. You wouldn’t go to court without an experienced attorney, why would you try to navigate the intricate process of a loan modification or short sale without an experienced expert on your side?
I Short Sale has a nationwide reputation as short sale experts and a significantly high success rate. Let us put our expertise to work for you. Contact us today! We’re here to help you. Complete our Contact Us form or call us at 1-877-907-4678. We’ll answer all of your questions and you are under no further obligation.
I Short Sale is part of the Peak Corporate Network entities, a one-stop resource for ‘Everything Real Estate.’ As a leading authority in the real estate industry, since 1991, homeowners, agents and brokers, lenders, servicers, investors and financial professionals have come to depend on the Peak Corporate Network entities to provide the expertise, services and dynamic solutions for all of their real estate needs.
The Peak Corporate Network entities provide a full array of comprehensive real estate services nationwide:
The Peak Corporate Network entities’ Value Proposition:
One-stop resource for ‘Everything Real Estate’
Seamless integration of services
Expertise and years of experience
Boutique-level of service/institutional security
Access to decision-makers
One point of contact
Willingness to think outside-the-box
For more information, visit www.peakcorp.com