Short Sale Help

There are many homeowners that are facing financial difficulty in today’s challenging economy.  From job layoffs, a declining real estate market, and loss of net wealth across the board, many hard-working Americans who’ve tried to do things the right way are finding themselves forced to make difficult choices.

Does this sound familiar?

When you’re faced with choosing which bill to pay this month, which bill to pay next month, juggling minimum payments and mortgage payments, looming job lay-offs and hourly cut-backs… Well, it can be overwhelming.

You are not alone.  You have options.

Consider a short sale as an alternative to foreclosure.

What should you do to get started?

Step 1:  Contact your lender, ask for the Loss Mitigation Department.  Ask if you will be able to short sale your property.

Step 2:  Review my Complete Short Sale Listing Package that includes guidance and how-to’s on getting started and compiling the necessary documentation.

Step 3:  Consult your CPA and a real estate attorney.  This is a must.  Email or call me if you need a recommendation.

Step 4:  Set up a short sale consultation by emailing (LoraRealEstate@gmail.com) or calling (775.342.9196) me.

Step 5:  Review my testimonials, including this one from J. & L. Robinson, clients whom I sold 2 short sales for:  “You have been great, and we are so thankful to have had you represent both our listings.  We will be forever thankful for making the short sale process as painless as possible.  These houses have been a large source of stress for our family both financially and emotionally, so we truly are grateful for all your hard work and perseverance. Thank you from the bottom of our hearts.  And we will always refer you to anyone we know that needs a GREAT realtor.  It’s been a pleasure.  Sincerely, J. & L. Robinson”

Step 6:  Commit** to the short sale, and let’s get your home SOLD.

**I always offer an unconditional guarantee on all of my services.  If your situation ever changes or if you change your mind, and you’d like for me to withdraw your home from the market, I will do so immediately.  My goal is to get you to your goals.  If a short sale isn’t in the cards anymore, I completely understand.

What to Expect in a Short Sale:

This is a complex transaction compared to traditional real estate transactions (and, believe me, I’m up for the challenge!).  How a transaction begins often dictates the efficiency of the process.  Meaning:  if the necessary documentation is slow to come in, the process will be slow to begin, thus causing unnecessary delays…  Every lender requires the same documentation (and there’s a lot of it, so be ready)… The reality of short sales is that your transaction will not be reviewed or begin until the required documentation is delivered.

Patience.  The normal transaction can take 3 to 6 months to close.  On average, 4 months.  You may be asked to provide additional information and/or update paystubs and bank statements.  Keep everything until the transaction is completed.  Should you receive any paperwork from your lender, contact me immediately, and we’ll review it together.  If you receive a call from your lender, advise them that you’ve listed your property as a short sale with Lora at HomeGate Realty.  Have them contact me directly:  775.342.9196.  You may also give them my email:  LoraRealEstate@gmail.com.  I will take it from there.

Ready to Get Started?

If you’re ready to get the short sale process started, I’d be honored to help you.  Simply fill out the form below to get started.  I will contact you within 24 hours.

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Please review the following:

MORTGAGE ASSISTANCE RELIEF SERVICES DISCLOSURE The following disclosures are being made pursuant to the Federal Trade Commission’s Mortgage Assistance Relief Services (“MARS”) Rules (16 C.F.R. Part 322).  We must make these disclosures to you by law.

IMPORTANT NOTICE:  Before using this service, consider the following information:

You may stop doing business with us at any time.  You may accept or reject the offer of mortgage assistance we obtain from your lender or servicer.  If you reject the offer, you do not have to pay us.  If you accept the offer, you will have to pay us the fee for our service as stated in the listing agreement.

Seven Star Realty, Inc. is not associated with the government, and our service is not approved by the government or your lender.

Even if you accept this offer and use our service, your lender may not agree to change your loan or approve the short sale of your property.

If you stop paying your mortgage, you could loose your home and damage your credit rating.