What is a short sale?

Simply put a short sale is a transaction where the lender or lender''s agree to allow the property to be sold and they agree to receive less than they are owed on the loan in transaction.

Q&A

Why would a lender agree to a short sale?

Because they receive a better return than if the property is sold at auction or they take it back and later sell it as a bank owned (REO) property.

Why is it good for a homeowner that has received a notice of Trustee''s sale?

1. A short sale generally has about a 80 point hit on your FICO score, and homeowners can usually work through credit repair and be ready to by another house within 2 years.

2. A Trustee''s sale generally has at least a 200 point hit on your FICO score and you usually are not able to buy another house for 5-7 years.

How do you execute a short sale?

Hire a good Realtor that is a "Certified Disterssed Property Expert" as we are at Home Option Consultants. We would list, market, and sell your property as a short sale. That includes negotioating with your lender(s) on your behalf to receive approval for the short sale and get the property sold. Additionally we will negotioate with your lender to have them waive their right to go after you for the deficiency between the sale price that they receive and what you owe them on the loan.

What does it cost you in dollars?

Nothing part of our negotioation process is to get agreement from your lender that they will pay all cost associated with the transaction.

Why should you contact us?

Because we are professionals and can deliver the desired results for you more times than not.

                                                                                                        Short Sales

We are CDPE qualified. "Certified Distressed PropertyExperts".

If your behind in you payments your bank likely has you as a pre-foreclosure and is preparing to take collection action.

If you have you received a letter from your bank with a notice of Trustee''s sale you are a homeowner facing  foreclosure call us, we can help you determine what options you have and what is the best way to "Short Sell" your property to resolve your situation.

We are working with customers of select lenders such as Bank of America, Citibank, CitiMortgage, Wells-Fargo, Wachovia, and many more lenders, that are being proactive in helping their customers who are in a distressed property situation.

They do not want to take the house back!   But they will !!

Lender''s have found that it is in their interest to assist their customers with a "Short Sale" on their property rather than going through the foreclosure process.

In a nut shell it''s better for the customer in many ways and it is better for the lender. Call us we can explain why! Or fill out the contact form and we will contact you.

Specifically they are targeting their clients that are behind in their loan payments, or are current on their payments but facing a hardship that may force them to be behind in their loan payments in the future, and clients that are upside down in their house valuations verses what they paid for the house and or owe on the loan.

If any of these senairos decsribe your situation. Please call us right away at 480-231-5309 or if you prefer click on the contact tab and fill out the contact information sheet and we will contact you within 24 hours. The sooner we get involved the better for getting your situation resolved. Trust us, in this real estate market you are not alone! Importantly:

THERE IS NO COST TO YOU!

YOUR LENDER PAY''S ALL FEES!

Please read on below for details.

Home Option Consultants .

Short Sale

Acceptable Hardships

A hardship can be defines as:

Material change in the financial situation of a homeowner that is or will affect their ability to pay their mortgage.

Examples follow:

• Loss of job

• Business failure

• Damage to property

• Death of a Spouce

• Death of a family member

• Severe illness

• Inheritance

• Divorce

• Separation

• Manditory job relocation

• Medical Bills

• Military service

• Mortgage payment increace / ARM adjustment

• Insurance or tax increase

• Reduced income

• Too much debit

• Incarceration