QUESTION: Do I qualify for Short Sale?
ANSWER: During your initial free consultation one of our experienced representatives will walk you through all options available. Short Sale is typically the last resort after reviewing all mortgage and loan modification options. However, once all options are exhausted, short sale is a better option than foreclosure.
QUESTION: How about my credit rating?
ANSWER: Since most people are already late on their mortgage and their revolving debt, the main goal is to AVOID FORECLOSURE. By avoiding foreclosure your credit rating will be able to recover much faster and give you the ability to rebuild your life. If you go into foreclosure it may be years until you can get a credit card, car loan, or avoid paying exuberant rates on any type of credit.
QUESTION: Do I owe money if my house gets foreclosed?
ANSWER: Short answer: YES. Through the process of foreclosing and reselling the property the bank incurs significant costs. Once the property is sold the deficiency balance ( the amount of the mortgage plus all costs associated with the foreclosure process less the amount the property sold for) is determined. At this point the bank has the right to seek that difference from the person who was foreclosed on.
QUESTION: Do I owe money if I Short Sale my house?
ANSWER: Short answer: NO. Through the process of negotiating our experts can work with your mortgage holder and typically clear all liens at the time of closing. This is where hiring our negotiators is the most important part of this process. Many mortgage companies try and force you to continue to pay once you’ve sold your house. This is where you need people fighting for you who know the mortgage industry and will not let you get bullied!
QUESTION: How long can I wait to sell my house?
ANSWER: Once you are behind on your mortgage you need to act quickly. Our negotiators need to contact your mortgage holders immediately to start the process of short sale. If your mortgage holders do not hear from anyone they will accelerate the foreclosure process.
QUESTION: What do you charge for your services?
ANSWER: Our initial consultation is FREE. Be aware of any companies that charge you up front. We do our initial consultation for free to discover the best option for your situation. Once we agree that our services are needed, the fee is based on the difficulty and urgency of your individual situation. Our previous clients agree that the costs of our services are minimal compared to the costs and results of foreclosure, bankruptcy, or from any of the many other possibilities.