Hello,

If you are contemplating a Short Sale (a.k.a. PRE-FORECLOSURE), please take a moment to review some of the following information on this site. Whether you are purchasing a property through the Short Sale process or Selling your home through this process, I believe a win-win situation is possible in most cases for all involved.

I look forward to serving you!

I have personally worked with the following companies, and have the knowledge and ability to negotiate with these companies directly. I'm able to work with ALL mortgage companies and have the policies and procedures in place to help.

Other companies I can work with directly on your behalf:

The Process can be lengthy, to say the least. If you have a Buyer for a Short Sale, please let them know that it can take up to 4 months to complete the sale. This can pose a problem if they are not willing to wait.

• The Mortgage Companies have different requirements for each property. Some MAY allow for a contingency contract on the sale of the Buyer's current residence.
• Most Mortgage Companies will not pay Buyer's closing costs. I completed one recently where the company ONLY PAID commission, Tax Pro-Ration, 1/2 Attorney and 1/2 Title charges. Not a penny more. However, these things can be negotiated sometimes.
• The Buyer should submit a PRE-APPROVAL / PROOF OF FUNDS letter with the offer.
• The Mortgage Companies usually sell the home "AS IS".

The contract will be contingent on the APPROVAL BY THE MORTGAGE COMPANY. However, the home can usually be purchased out-right as a typical sale, so long as the Buyer and Seller agree to the terms of a typical contract. Obviously, pay-offs must occur to transfer good title to the new owner.