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Short Sales

By
Services for Real Estate Pros with Laura Moore Godek, PC

Are you reluctant to list a home if the Sellers:

  • are delinquent on their mortgage?
  • are in foreclosure?
  • have little equity, no equity, or negative equity?
  • can't afford to pay off their mortgage, closing costs, and still price their home realistically?

Short sales are a promising alternative to foreclosure or bankruptcy by creating a win-win situation for all parties involved. Short sales:

  • prevent further damage to Sellers' credit by ending the foreclosure proceedings.
  • include the lender's approval of a 5% real estate commission in most transactions.
  • enable the Buyers to purchase a property with equity, often a great deal.
  • pay a re-negotiated amount to the lender and end costly foreclosure proceedings.

Our office, partnering with an independent short sale consultant, will determine if a Sellers' lender is likely to accept a short sale. To use our short sale negotiation service, simply provide our office with the Sellers' contact information, a statement or coupon from Seller's lender, and the signed enclosed authorization letter.

Why not determine if a short sale is an option for your distressed Sellers by using our short sale negotiation service? Sellers pay no fees if they do not sell their home. The Sellers' lender pays the short sale consultant fee, real estate commissions, attorney's fee, and other fees in many circumstances.

Close short sale transactions confidently with the help of our short sale negotiation service. As foreclosure rates in Illinois continue to rise, our short sale negotiation service can help you earn more commissions and grateful client referrals! If you are interested in learning more about short sales or our short sale negotiation service, feel free to contact my office at (815) 344-1965.

 

 

~Laura

Comments(3)

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Greg Zaccagni
The Federal Savings Bank - Wheaton, IL
Illinois Mortgage Lender

Laura:

I have a client that is in need of such services.  I have forwarded her a link to this blog with hopes she will contact you.

Greg Zaccagni

Jun 24, 2007 12:22 PM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital
Laura, what a great service to offer! I'd love to see you blog about it more.  And, yes the deal worked out!
Mar 30, 2008 02:47 PM
Greg Zaccagni
The Federal Savings Bank - Wheaton, IL
Illinois Mortgage Lender

I have read that a relatively small number of short sales actually close.  If true, what do you attribute this to?

www.MortgageAdvisor.info

 

Jul 02, 2008 01:29 AM