Should You Short Sale To Sell A Luxury House?
house through a short sale requires more than three times the amount of
work of a traditional sale. We feel safe saying that over 95% of realtors in
the Kansas City MO area do not know how to conduct a short
sale to beat the time line you are up against. Putting together a detailed
short sale package to submit through the lender itself is very time consuming. We work hard from the marketing aspects to finding a right buyer, to having enough patience
to see the transaction through, can be VERY challenging.
Our company buys pre foreclosure houses as we work with home owners and real
estate agents in the state of Missiouri. We specialize in both marketing and
positioning your property while simultaneously procuring a purchaser who will
buy your home for a discounted price, of which we will renegotiate with your
So, we have set out and put together a fully equipped team to handle every
aspect of the short sale process. From a marketing coordinator, and an in house real
estate attorney specializing in default situations, negotiation, and an
administrator. We have a fully equipped team to make this stressful time very
easy on you. We strongly recommend using proper representation with a
specialist shall this be an option for you. All of our consultations are fully
confidential, free and one of our specialist will come to your property.
Frequently Asked Questions...
What if I have several mortgages on my property?
Most people in your situation do. Each lender is negotiated with that needs
to be "shorted". As in anything else the more lenders needed to short
the more time consuming, but it depends on your current property value, offer
price, and loan amounts on each loan.
Â How much time does it take?
From the day you accept a contract to the time that the property will close
can take up to 60-90 days. There is much paperwork involved and negotiating
which takes time.
Â What if I have already filed bankruptcy?
Just because you have already filed bankruptcy does not mean that you cannot
do a short sale. Most "professionals" do not want to do a short sale
because of the amount of work and time associated with it. As mentioned before
the last thing you want is a foreclosure and bankruptcy on your credit.
Bankruptcy may cure your debt and liabilities but it will not save your credit.
Depending on if you file for a chapter 7 or 13 bankruptcy you can still do a
short sale, there is just more paperwork involved and it will take a bit longer
Â What about property taxes I did not pay?
They get paid at closing from the lender since title has to be free and
clear when transferred to a new buyer.
Â Are all short sales accepted?
For the most part, yes. If the lender believes they will net more money for your property through a
short sale vs. taking the property back then they will most likely accept the
offer. Many lenders are encouraging them vs. taking the property back. It is in
the lenders best interest in all cases to accept a short sale vs. foreclose on
the property. It is said that 90% of short sales are accepted when handled by short sale professionals.
Great, How Much Does This Cost?
It costs you
nothing. You get an INSTANT CASH OFFER and WE conduct
a short sale. We must deliver free and clear title is just one of our goals to
help you out with, so that we can then have the house ready for aÂ new
purchaser of your property.
While we are conducting a short sale with a lender all costs are taken into
account and paid for by the lender. Part of the amount that you are shorting
the lender includes all the closing costs typically associated with selling a
home. These costs are viewed as a wash for any lender because if they took the
property back they would have to pay them since the property would have
to be free and clear when resold. These include property taxes, title costs,
attorney fees, back assessments, and even commissions, which is how our staff is getting paid.
Now once in a while you may be just shy of reaching the lenders requested
net amount and you may have to go into your pocket to pay the difference but
that is rare. If you use the right representation you can avoid that! Our staff will fight for your best interest. We are standing by!
TO GET STARTED CLICK HERE SIMPLY FILL THE APPLICATION FORM
YOU MAY CALL OUR IN HOUSE SHORT SALE SPECIALIST DIRECT!Â
888-877-9824 free consultation
Short Sale Team Specialist Coordinator
National Short Sale Account Manager