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Short Sale Process

Our Company provides resources full of homeowner options, however when a homeowner decides to move forward with the short sale there are several things that need to happen. Even though there may be several short sale process and the importance of working within the guidelines set forth by the bank. This will ensure your short Sale Package won’t be overlooked. Apply Now!

We will provide you with all the necessary documentation the banks require and obtain an “authorization to release information” so they can contact the bank on your behalf so you don’t have to. They will also assist your listing agent through the process. Once they receive all the necessary documentation the banking institution requires, Short Sale Right Now will begin the negotiation process.
 
One of the most important points to identify in the ever changing world of distressed properties is to know what being late is and how to recognize the difference between being late, pre-foreclosure and foreclosure. This is very confusing to most homeowners in distress.
 
If you are late, that typically means that you have missed a mortgage payment and it is over 30 days late. You will most likely be charged a late fee and most likely a negative rating will reflect on your credit report.
 
A “Notice of Default” (NOD) is a scary notice sent to your mailbox that informs you that the “pre-foreclosure” process has begun. Don’t confuse this with “Foreclosure” because it’s much different. Your lender will file a “Notice of Default” most likely after you have missed (3) three or more payments in a row. The banks don’t want to do this and with one out of every eight homes in foreclosure as of October 2009 according to Elizabeth Warren, the Chair of the Congressional Oversight Panel (COP), it’s no wonder why the banks don’t want to send any of these notices out. That being said, this is the identification market you need to recognize. It is at this point where Certified Mitigation strongly recommends getting educated about the process. Depending on the state you are living in depends on the procedure that is followed. 
 
However, the negotiation process doesn’t have a set timeline. There are several factors that come into play with regard to the amount of time the short sale process takes. However, we have relationships with many of the banks and we will utilize our relationships with the lenders and the experience we have in submitting a complete short sale packet to minimize the time it takes to obtain a successful lender approval.
 
We appreciate your current situation and understands your desire to avoid forclosure. Feel free to contact us to learn more about getting started. 
 
 
916-786-SOLD (7653)