Whether you are the seller or the listing agent of a distressed property, a professional short sale and loss mitigation negotiator can be a great partner in helping you get your home sold more quickly and efficiently. A third-party short sale negotiator and loss mitigation company deals directly with banks and lending institutions on a daily basis. As a result, negotiators know all the ins-and-outs of the short sale business because they have a tremendous amount of experience dealing with mortgage lenders and banks, big and small.
If you are a homeowner with negative equity because you’re underwater in your mortgage, then your options for selling are very limited.
In some cases, you may be able to stay in your home (if you are able to make the payments) and wait for the value to rise again. However, most homeowners are finding themselves in a financial hardship and are no longer able to make those adjustable rate mortgage payments. For these homeowners, the only option is to pursue a short sale in order avoid bank foreclosure.
If you are a seller, you should ask your Realtor how many short sale transactions they have managed personally as well as how many of them have sold.
If you are a real estate agent, consider all that is required in managing a short sale. Are you qualified to manage a short sale transaction? Do you even know where to start?
Short sales transactions fall apart for several reasons. Some reasons they don’t work out include:
- The bank forecloses on the home.
- The transaction is not handled efficiently and valuable time is wasted due to errors in paperwork and miscommunication.
- Title issues including second mortgages and other liens are uncovered during negotiations.
- The potential buyer become tired of waiting and decides to walk away from the deal.
Why not just let the bank foreclose?
As a homeowner, a foreclosure is a big hit on your credit and can prevent you from owning another home for up to seven years! By short selling your house or condo, you can help prevent a foreclosure hit on your credit, and in some cases, qualify for another home within a couple of years.
Learn more about short sale negotiation
If you are a seller; or a Realtor who lists short sales, HSC can help you close your short sales quicker and more efficiently. HSC manages ever aspect of your short sale, preventing errors and miscommunication from occurring. Our professional representatives help keep buyers interested while we negotiate the best deal with the bank. HSC also monitors every aspect of the transaction, keeping everyone informed and preventing unwanted surprises at closing.
Contact Homeowners Servicing Company
HSC has successfully closed hundreds of short sale homes in Utah and other states.
Brokers, Realtors, and distressed sellers: Contact us today to learn more about our services and how we can help you!
or call us at (801) 508-4472