Many Finding Opportunity Through Short Sale Process

Well, it is about time! Some banks are finally coming to the table and negotiating transactions. The short sale process is known for being anything but short. It can take months to get a response from a bank on a home that is in pre-foreclosure. A lot of times it is because of timing. Homes are listed as short sale prematurely and or for an unrealistic price. Agents are eager to get offers from buyers and start negotiating with the bank. This is why homes are listed well below what a bank will seriously consider.

As a buyer it is important to understand the process and work with an experienced short sale real estate agent. Otherwise you could waste hours of time and potentially miss out on opportunities. I have been through countless short sale and foreclosure transactions. I understand the process, and know what it takes to complete a successful transaction. In the last 30 days, I have negotiated 2 transaction where the bank has conceded more than $400k on each home. This is a huge savings and an unbelievable opportunity.

Home Owner Equity Rescue Program Rolls Out

As a result of the current economic crisis, many homeowners find themselves in a difficult financial position.  They are not able to keep up on their mortgage payments, usually through no fault of their own.  Changes to job situations and the general economy have reduced people’s incomes to the point where it is unrealistic to continue paying.  If this is you…

You Have Options

The very best option is to keep making your payments. Some home owners find a way by restructuring their debt, using savings or other investment funds to keep current on their mortgages.

What If You Simply Cannot Continue Making The Current Payment?

The next best option is to contact the company that services your mortgage (the company to whom you make your monthly mortgage payments) and work out a plan to allow you to stay in your home and avoid foreclosure. You might be able to negotiate a lower interest rate, a reduction of your principal balance or lower payments to allow you to stay current and keep your home and protect your equity.

What If The Mortgage Servicer Will Not Work With You?

Most people who are late on their mortgage payments find themselves in this situation, but there is still an option for you.

If your mortgage servicer refuses to work with you and you cannot make the current monthly payment, there is still a way to preserve your equity and your credit history.

We Can Help

The Home Equity Rescue Program was specifically designed to help home owners who have exhausted their efforts and are facing foreclosure. We help home owners avoid the foreclosure process, preserve at least some of their home equity and stop their credit from being ruined by foreclosure.

How It Works

The mortgage servicer has a team working against you. By engaging our services you get a team of seasoned professionals to go to work on your behalf. We level the playing field with our resources and by employing our proven program to fight back for you.

Once it seems foreclosure is on the horizon and you will most likely be forced out of your home by an unyielding mortgage servicer, we go to work. We deal directly with the mortgage servicer on your behalf to reduce the amount of money you owe. We employ proven methods to force your mortgage servicer’s hand, persuading them to be realistic in order to work towards a principle loan reduction and a solution that benefits you.

In order for the mortgage servicer to  effectively work with our negotiators, we need to make a couple of changes:

1. Your home will be placed in a trust. You are the only beneficiary of this trust and are the exclusive owner, still in complete control of your home and its value at all times. Keep in mind, this is only done once it appears you have no other alternatives and are facing foreclosure and the loss of your home.

Your home is placed in a trust so that we, as a trustee, may start to negotiate on your behalf. Without the trust, the bank cannot legally negotiate with us as we are not the legal owner of the home. With the trust, we do not own the home, but we do have legal authority to start negotiation for you. Also, through experience the lender knows that once a home is placed in a trust and our team of professional negotiators are involved, they need to come to the table quickly with their very best offer.

2. Once the trust is formed, we immediately start to negotiate on your behalf to get the lender to come to affordable terms so you can stay in your home. If they will not, we will then move swiftly to help you protect and extract the equity in your home.