Since 2007 Jenn has been successful in guiding her clients from uncertainty to clarity on how to complete a short sale. She has valuable advice to pass along along with concrete wins for her clients.
A short sale is a privilege, not a right. Don’t make assumptions. Get the facts and hire a certified short sale specialist to manage your short sale. All consultations are free & confidential with Jenn.
- The worst thing any homeowner in financial distress can do is to stick their head in the sand or in the clouds and hope that the home and loan issue will just go away. It won’t.
- If you have muttered, “We are letting the house go”, “The bank will take it back”, “It’s too stressful”, “But we have money in our savings” or “The bankruptcy will take care of everything”, then you do not have all the facts.
- “Letting the home go” is not a strategy nor a simple process. It is forfeiting your rights and allowing an already stressful situation to linger verse cutting it off.
- The nightmare of nasty calls, tons of mail, processors at your door, the looming “foreclosure” on your credit, the stress of not knowing when it will be over can be addressed head on with less effort than you might imagine with a true specialist by your side.
- Just because you started or completed a bankruptcy does not mean the clock started to begin ticking on when you may qualify on a loan to buy another home. Learn why.
- There is no cost or out of pocket expense for the seller. All commission is negotiated as part of the short sale.
“It is possible to successfully manage a short sale, and
begin rebuilding your life.”
Jenn’s Role In A Short Sale
Determine the Type of Short Sale
Manage the Paperwork
Price the Short Sale
Put the Home on the Market
Negotiate the Short Sale
Submit the Short Sale Approval Letter to the Seller
What is a short sale?
A short sale is a property that sells for less than the balance owed on its mortgage/s.
A short sale can be on a home, an apartment building or even vacant land.
A Short Sale is a Privilege, Not a Right
Not every property qualifies as a potential short sale in a bank’s eyes. To qualify as a short sale property, the owner must demonstrate financial hardship. What is Necessary for a Short Sale?
Most short sale transactions are handled by real estate agents who specialize in short sales. There are 4 essential ingredients to a short sale; however, strategic short sales, those without a hardship, are also possible. What makes a short sale work are the following:
- An underwater home – The mortgage amount owed on the home is greater than the current market value.
A willing short sale bank – A bank that is willing to accept a short sale.
A seller with a hardship
A buyer willing to purchase the home
What Role Do Real Estate Agents Play in a Short Sale?
Some real estate agents throw homes on the market that will never close as a short sale, that’s because the agents do not always qualify the short sale sellers. Some agents place unrealistic price tags on the short sale, which the bank will never accept. It is wise to choose an experienced short sale agent who has closed at least 100 short sales.