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What
Is a Short Sale?
A “Short Sale” is an agreement with
your lender to accept less money than they’re owed as
full payment for your loan. A short sale solution often
makes sense when you owe more than the property is
currently worth. This is common in a declining housing
market and can be a win-win for both the bank (who does
not want to own your house), and you the homeowner (who
desperately wants to sell your house)! This exit
strategy is amazing in today’s tough buyers market
because it allows you to competitively price your home
in order to get it sold in the least amount of time
possible. Basically, you have no time or equity to sell
your home traditionally because you cannot afford to pay
a Realtor and cover your closing costs so you use a real
estate short sale to get rid of your housing burden!
Why
Use iSSH.com to do a Short Sale?
At iShortSaleHomes.com, we specialize
in Short Sales. What this means is that our
representatives can often times work with your bank to
accept a lower pay off on your loan. Our years of
experience in negotiations, plus our relationships with
most major banks, provide you with the expertise
necessary to get successful results. Plus, we are a
member of the BBB, have many referrals, purchased over
$70,000,000 in real estate over the last 6 years, and
have an office in downtown Phoenix. We have a higher
than average success rate in short sales because we
believe that to be successful, any endeavor must have
unity amongst everyone involved. Our team of
professionals is highly trained and each play an
important role in the short sale process. For your
convenience, we will continually keep you up-to-date on
the progress on your case giving you peace of mind
knowing we are always working hard for you! Lastly, we
guarantee the privacy of your personal information.
Does
My House Qualify?
If you are behind on payments, can
show a financial hardship; owe your lender(s) as much or
more than your house is worth, then you possible could
qualify for a short sale. When you contact us, we will
pre-qualify you and your situation to make sure a short
sale is the right option for you.
So,
It’s That Easy?
Well, sort of! Short sales are very
difficult and time consuming. They require a lot of
negotiating skills as well as patience. You also have
to be an investor, Loss Mitigation Company, or a Realtor
to negotiate a short sale and often times it can take
3-6 months. Lenders do not negotiate short sales
directly with the homeowners. You must remember the
reason a lender will approve a short sale is because it
will benefit them, not you! The lenders need to know
that if they don't approve the short sale, they will
have to foreclose on the property and that the short
sale is more cost effective than foreclosing. Here are
the steps to a short sale:
- You have to
submit your house to see if you qualify.
- Once
qualified, we gather all the necessary documentation
to build a short sale file.
- Our
investment company will put in an offer to purchase
your home and we will send both the short sale
packet and the offer to the bank(s).
- At the same
time, we market your property to the world to see if
anyone wants to put in offers.
- We then
begin negotiations with your lender(s) to discount
the loan.
- Once
approved, we purchase your home, or have a buyer
ready to purchase your home and you avoid
foreclosure!
Please, take the
next step and contact us today. Our Short Sale experts
are waiting for your submission.
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