You're in a lousy place and the threat of foreclosure is looming. Believe it or not, there's a way out of this predicament without filing bankruptcy. You just need the right kind of help. It's not a deep pockets investor you need, and you're not likely to win the lottery. What you need is a team of real estate professionals who understand how to engineer a "Short Sale" on your house. There are essentially three components to the "Short Sale" we engineer at Terry Rasner Home Buying and Selling Team.
1. We make sure you're in debt and having trouble making your house payments (1st, 2nd, even 3rd mortgage payments).We're not afraid of your debt; we need your debt to create a profitable "Short Sale" scenario.
2. We develop a Broker Price Opinion (e.g., appraisal) of your property, set a reasonable sales price target, and market your home to get an offer to purchase it from a SOUND BUYER. When we have a viable purchase offer we can present it to the lenders on your behalf.
3. With your signed approval to represent you, we begin negotiations with ALL of your lenders to accept a discounted settlement ("Short Sale") for each of the mortgages - in other words, settlements that may completely wipe out your debt so you can walk away from the property without the threat of foreclosure adversely affecting your credit, dignity, or self worth.
Sound too good to be true? There's even more - you don't pay us a penny for these services!
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