Lenders… Ugh
No Pain, No Gain!
“Quick and painless short sales” are definitely the exception, not the rule! What follows is a list of things that can prevent short sales from going through. The Short Sale Doctors understand pain, how
ever, and can overcome every one of these obstacles!
1st Lenders: Given our experience we know how lenders operate and since we have full-time negotiators on our team, we can focus on finding a way around each challenge.
2nd Mortgages: How much will they settle for? What if the 1st lender won’t pay the 2nd enough to settle? We have our ways!
PMI (Mortgage Insurance): They might have requirements that disrupt the process. Can these be avoided? This is a bit unknowable. WE’RE NOT TAKING THIS EXIT!
IRS liens: Can they be released ? Definitely possible.
Third Party Liens: How will construction liens, child support, judgments be released or satisfied? Some of these are easier than others.
City and County Liens: Can these be negotiated down and settled? In some cases, yes.
Incorrect Lender Valuation: What if the BPO or appraisal comes in higher than what the property can actually sell for? This a tough one… but we’ll seek to deal with it!
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We have our favorites but here’s a partial list of the lenders we’ve worked with:
• American Home Mortgage • AmTrust • ASC • Aurora • Bank of American • Chase • CITI • CMS • Countrywide • EMC • FirstFranklin • First Horizon • Flagstar • GMAC • Greenpoint • Homecoming • HSBC • IndyMac • J.P.Morgan • Litton • NationalCity • Ocwen • Option One • PHH • Saxon • SelectPortfolioServcing • US Bank • Wachovia • WAMU • Wells Fargo • Willshire •
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Because every lender is different we can not guarantee success.
But what we can guarantee is that WE WILL WORK VERY HARD on your behalf.
Our goal is to negogiate a price with the lender(s) so the home can sell quickly–then everyone wins!
- No matter how difficult (and some are tear-your-hair-out-frustrating!) we will negotiate with each lender to accept an offer on your property, even if it is for far less than what is owed.
- In most instances, you will walk away completely free of debt and tax liabilities on the property.
- You can continue to live in the home without making any mortgage payments as the process begins. We would, however, normally like you to relocate when we are ready to put the home on the market to better ensure a quick sale.
- We can convince most lenders to stop the foreclosure while we are negotiating the short sale and get extensions if necessary.
- A short sale will be far less damaging to your credit than a foreclosure–as much as 330 points!
- You do not have to be in foreclosure to conduct a short sale. Your hardship may be an impending hardship rather than a current one.
(541) 343-7073 or info@ShortSaleYourLender.com