The Short Sale Process
(This is also known as a Short Payoff or Pre-Foreclosure Sale)
A "Short Sale" is when a mortgage holder (lender or bank) allows the homeowner to list and sell the property and agrees to accept less than what is owed. A Short Sale is a great option when you (1) owe the lender more than the property is worth and (2) have a hardship where you no longer make your mortgage payments.
How it works:
For example: The homeowners owe $200,000 to their first mortgage holder and the payments are in arrears. They cannot sell their house for this price in its current condition and real estate market. With our expert negotiating strategies, we will negotiate with the lender to accept a purchase offer for less then what is owed.
Home Affordable Foreclosure Alternatives (HAFA)
The key to a successful short sale is to build a great case and having a good relationship with the bank representative. We take the time to build a relationship within the banking industry. Building these relationships ensures our success to help other homeowners.
Don't let anyone discourage you from trying a Short Sale. Work with us and we will provide the solution for your situation.
or by e-mail at info@PurpleSageProperties.net