To get the process moving for the purpose of assessing a possible Short Sale, we will need the Short Sale Feasibility Form filled out completely, please ask me more about this. After it has been fully completed, please email it back to me for review. The review / assessment process normally takes between 2-3 days to complete after I have received it.
A Short Sale occurs when real estate is sold and the lender agrees to take less than what is owed on the loan. One of the Short Sale prerequisites is that the property owner demonstrates either a personal or financial hardship, and cannot continue to make their mortgage payments. It is not simply an easy escape from a bad investment or a type of loan, and lenders are placing an increased focus on whether there is a true and documented hardship.
What is the role of a Short Sale Coordinator?
• To conduct a thorough financial assessment of both the seller and their property to determine if a bonafide and documented hardship exists which would warrant an approved Short Sale.
• To work meticulously on behalf of the seller and Realtor toward the successful negotiation and closing of the Short Sale.
• To provide valuable information at a time when distressed property owners are uncertain of their options, and to suggest possible alternatives.
A team with expert negotiators (I would consider removing “expert” as no one has received any designations from any realtor associations), Short Sale coordinators, hands-on management, and my relationship with the attorneys on staff, IFR works to save Sellers and Realtors countless hours of tedious processing and time on the phone with lenders, giving the Realtor the time to focus on the sale of your property.
Give me a call today and let me help you with “your Short Sale negotiation” to create a “win – win” situation for you the seller and buyer, to free up your life to do what you do best! I am looking forward to working with you.
www.chrisgoodmanson.com twitter @chrisgoodmanson chris@brotchuby.com 562.900.8265
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