Selling a home is a challenge. Selling a home short of what you owe increases that challenge, and without the help of someone with experience, you may find yourself out in the cold, literally. Throwing your hands in the air and saying, “screw it, we’ll just let the bank have it” can be far more damaging to your credit rating than asking the bank to allow you to sell it.
How Does It Work?
It’s simple, provided you’ve already answered those 10 critical questions. First, we list the home for sale, pricing it aggressively so it attracts an offer at or near market value. Once we receive an offer that we believe is substantial and at or near market value, we submit the offer to the lender(s) and begin negotiating with them. The lender then provides us with a letter of agreement, and we close the sale of the home. You move out, and a new owner moves in.
All before the bank forecloses, saving you a foreclosure on your credit report.
How Long Does It Take?
There’s no guarantee that your home will sell before the Trustee sells it at auction. By pricing your home aggressively, with consistent price reductions over time, it is very likely that we will receive a good offer. From the time an offer is received and accepted by the seller, to the time that the bank makes it’s decision can be as fast as 5 weeks, and as long as 5 months.