What Makes My Approach Different?

Perhaps you have already been contacted about a short sale, maybe even trying it. You may be skeptical. This is natural, but I want to give you two reasons why we are different.

First, we separate the short sale aspects from the real estate market aspects. Many real estate agents try to take on too much. Handling 3-4 short sales a month becomes too time consuming and they fall short. Because of this, recent studies have found that a very effective agent will close about 35-40% of their short sale listings. We work outside the box of what is considered normal. We have a team of professionals waiting to assist you, including attorneys, accountants, and short sale negotiators. Most other real estate agents do not have these connections. With this, we are able to work together to close on over 90% of short sale listings.*

Second, we have found that many people going through this process actually like their homes and want to stay in them. However, because so much equity has been lost, they cannot refinance, and they cannot keep up with the escalating mortgage payment. Through the connections mentioned above, we have access to an active, ever growing investor pool that is willing to purchase these homes. Now, I’m sure the last thing on your mind is wanting to discuss your financial troubles with anyone, much less some “real estate investor” (who many people mistakenly see as a “greedy opportunist” trying to profit from your misfortune.) Realize however that they will be buying these homes for current market value. They in turn lease them back to you for more acceptable monthly payments with an option at the end of a stated amount of years for you to purchase your home back. Often, this buyout price is much less than the current amount that you owe on your house! While you are leasing, you are able to reestablish your credit, and you get to stay in your home and eventually own it for less money. You win! The bank avoids foreclosing on you and saves thousands in foreclosure costs, they win! And the investor receives some monthly cash flow via your payments and then a profit on the buyout at the end so they win!

While this is not a guaranteed option, it is a probability that can be discussed on a personal level with all parties who may be interested in pursuing this route.

*Due to the nature of the short sale process, past performance is no indication of future results.

If you would like more information on the short sale process or anything else mentioned in this blog, email the author at jdhaveles@gmail.com

Why Short Sale?

Unfortunately, if you are facing foreclosure and are in a default situation, the bottom line is, YOU ARE RUNNING OUT OF TIME. At times like this, I understand that people in these situations can be feeling very angry, or maybe confused, maybe even a little frustrated.

So, with all these emotions raging, why consider a short sale? Simply put, my goal is to let people know that there are other options during the default to help avoid a foreclosure, and no, I do not mean bankruptcy.

Many people feel that bankruptcy is the answer. Perhaps it is and only consultation with an attorney can determine this, however, are you aware that while a bankruptcy may protect you from debt it does not always protect you from a foreclosure? The only way that a mortgage company can remove a name from the title is by the foreclosure process.

Many feel that there is too much debt on the house. By common sense, the mortgage company cannot expect an owner to sell a home for more than it’s market value. If the house goes through the foreclosure process, guess what lender is going to do? Sell the home, of course. Thus, any lien holder beyond the first mortgage or any amount that exceeds the sale price will not be covered and those companies will be forced to take losses.

This is where my service comes in, and mortgage companies pay us to help, so there is never a charge incurred to the seller. Just as the lender will have to pay a real estate commission to sell a home after the foreclosure process, the same is true before. They pay us to help before the foreclosure. This process is known as a short sale.

They are willing to do this because a short sale is significantly cheaper for them then a foreclosure. It is better for the seller because they avoid the foreclosure and the major stain that it puts on credit. While credit has been affected by being delinquent on payments, a short sale will help avoid foreclosure which may save years in credit repair.

I hope this sheds some light on why short sales are viable alternatives for those in these situations. If you or someone you love is in this situation, please feel free to contact me. I CAN HELP YOU...if you let me. It is possible for you to avoid foreclosure and keep it off your credit report. I even have connections to investors that may be interested in buying your house immediately and letting you stay in it! All you have to do is pick up the phone and we can set up a time when we can talk about all your options. Please be assured, there are SOLUTIONS available to you. I’m here to help you.

I could go on and on, but I realize that by now I either have your attention or not. If not, I cannot understand why, but I wish you the best in whatever you chose to do. For those of you you want some more information and wish to discuss this further, please call my voice mail at 1-800-755-8301 ext. 6000 at a time convenient to you, 24/7, and leave a voice message with your name, number, and a good time to call you and I will make sure to get in contact with you. I look forward to speaking with you and helping you in your situation.