Short Sales ~ Getting the lender to accept less than you actually owe on your home.

What is a hardship?

A hardship is a life changing event for a borrower that can result in their ability to make mortgage payments.

Some examples are:

*  Job Loss

*  Separation or Divorce

*  Medical Bills

*  Inability to work due to health issues

*  Death of a spouse

* Job Relocation

*  Reduced Income or Unemployment

*  Business Failure

 

5 Reasons to Avoid Foreclosure

1.  The homeowner will always have to disclose they have had a foreclosure on any mortgage applications.

2.  Credit scores will be lowered by 300+ points affecting the ability buy a car, apartment,credit cards ect.

3.  A foreclosure is the one credit report item that is almost always impossible to be "repaired".

4.  Military and government security.

5.  Many employers run credit checks on prospective employees and fourscore is one of the top items that will put a potential new hire in jeopardy.

 

What is required from the property owner?

*  Sign a listing agreement with a qualified RealtorŪ

*  Cooperate with access, showings, offers, and your agent.

*  Provide all written documentation of hardship as requested by your lender(s) and your RealtorŪ. This is so very important, Time is of the essence.

 

How do I know if I qualify for a Short Sale?

A RealtorŪ can help you determine if your lender would consider approving your property.

 

Can any Real Estate Agent assist me in selling my home in a Short Sale situation?

Possibly, but it is highly recommended that you deal with a professional that has experience in dealing and negotiating with lenders, we did our first Short Sale back in the early 90's before they were so popular. Your lender does not want or desire to own your home. You just might be able to do a Loan Modification as well.

 

What can I expect by using "BIG" Borden Investment Group?

Below is a partial list of our services:

*  Help you avoid foreclosure and eviction.

*  Help Minimize credit damage ~ A Short Sale may only affect your score by 100 points or less, we are not exactly sure. It is much better than a full blown Foreclosure.

*  Counsel you through the process.

*  Act as the liaison between you and the lender to ensure all parties work together towards a successful solution.

* Provide relief during a difficult time.

 

How much does the Short Sale service cost me?

A Realtor'sŪ services won't cost you a penny!! The fees are paid by your lenders upon the successful sale of your property. They understand that sellers of Short Sales are experiencing hardship and as a result, are already having financial difficulties. The services are designed to help homeowners find a solution to the mortgage problem and sell their property ASAP!

 

If you need "Immediate Assistance" Please call me right now...

Rick Borden

480-600-7578

Rick@RickBorden.com

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