A successful short sale is a win-win-win for all: bank, buyer and seller. The bank gets out of the non-performing loan and does not have to take back another property. The buyer gets a great property at a discounted price. The seller gets a letter from the bank releasing them from the debt – with no foreclosure on the seller’s record. The bank pays the Realtor commissions.
There is no guarantee the bank will approve any sale. However, the banks are receptive to deals that make financial sense to them, so it is critically important to know exactly what to do and how to present your case. Our team is very effective at this process, and you can be assured that everything necessary will be done to speed up the approval. Our typical short sale transaction gets approved within 45-60 days after we submit a full package to the bank. Sometimes it’s shorter, or longer, depending on the bank and the offer. Your full cooperation and timeliness in responding to any requests will help assure success.
If you want to sell, we will work with you and your bank in order to facilitate the successful sale and avoid foreclosure.
If you decide to keep your home, we may provide you with referrals to other services such as foreclosure consultants, loan modification specialists, CPA’s and other advisors. We handle the real estate portion only. We are not CPA’s, Attorneys or Foreclosure Relief Counselors.
