Short Sale - Loss mitigation strategy for homeowners.

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Treasury Department Issues Guidance On Short Sales

December 1, 2009 (Washington D.C.) The Treasury Department has issued long-awaited guidance to streamline short sales.  Under "The Home Affordable Foreclosure Alternatives Program" the Treasury will be issuing checks to homeowners for $1500 and require lenders to respond within 10 days... more

  • Do you owe more than you house is worth?
  • Do you want to get out from under a bad loan?
  • Are you tired of throwing money down a bottomless pit?
  • If you answered yes to any of these questions then a short sale may be the right loss mitigation solution. 

FILL OUT THIS SHORT FORM TO FIND OUT IF YOUR PROPERTY QUALIFIES

 

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City
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Street Address
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Home Phone ( ) - - (one valid # required)
Type of House 
Current Value
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Who is your lender?  Are you behind?  List other information that may be helpful. 


(Example: Ocwen, 3 payments behind, Notice of default filed 11/03/08. Maximum 255 characters.)

All information collected is treated as strictly confidential and will only be used for the purposes of a foreclosure loss mitigation or short sale consultation. We will never sell your name to a third party marketer.  You agree to allow our consultants to call even if you are on the do not call list.

What is a short sale and how does a short sale work?

If your property value  is less than the amount you owe on your home, then it doesn't make much sense to continue owning that  home.  A third party  short sale buyer can make an offer to the bank to pay off your loan. 

Let's say you bought a  home in 2006 for $250,000 with 10% down.  Similar homes  recently sold for $175,000.  You owe about $220,000.  Let's also assume your payments are $1700 per month and you could rent a similar home for $1200 per month.

A short sale buyer  will make an offer to the bank to cash out the lender at a discount to the face value of the loan.  If it is accepted, you can walk away from the $220,000 debt and owe nothing. The bank relives you of the debt and does not show a foreclosure on your credit record.

Now instead of putting good money after bad and continuing to fund a losing investment, you can rent a home  and save $500 per month.

 

What happens after I fill in the form?

Within seconds your request for a consultation is routed to investors that are buying homes  or a real estate agent  that can arrange a buyer for you.

 

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Residential Loan Modification | Commercial Loan Modification  | Credit Card Debt Settlement