There are two very good reasons to use an investor (like me) to short sell your property. They are detailed in the two links below.
Briefly, an experienced investor will skillfully negotiate the deficiency on your mortgage. A deficiency is the difference between your current mortgage balance and a realistic market selling price for that property. No realtor can have the experience at negotiating your deficiency like the negotiator we use, experinced since 1994.
An experienced negotiator will not let your lender foreclose just as they negotiate a selling price for that property. An experienced investor (like me) has a vested interest in selling your property fast, and making sure the bank’s ineptitude at communicating within itself make your short sale fail.
In one article, a distressed homeowner was foreclosed on just as the bank told her her short sale negotiations were proceeding satisfactorily. The reason is the same as why mortgage modifications fail for the same reason. There are tow departments in a bank that quite often don’t communicate with each other. One office is the Loss Mitigation Dept. They’re the ones tasked with stopping the bleeding, so to speak. The other office is tasked with communicating with attorneys in your state to reclaim their guaranteed asset in foreclosure.
As you might read in the link, the two departments often don’t commuicate. An experienced investor will fix that. The REST Report will fix that.
The other aspect is that if you don’t negotiate the mortgage deficiency before closing the sale, the bank can and will come after the distressed mortgage owner years after the sale for that mortgage deficiency. Again, a vested, experienced investor will prevent that. Realtors are not rained negotiators. They have no vested interest in your property. Their job is to sell property, not negotiate deficiencies.
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The internet being what it is, certain search terms need to be empahasized so that you can find the best information. Obviously this page concerns short sale, short sale rules, and foreclosure alternatives. But other concerns such as try title, quiet title, and clear title may apply. The REST Report is best classified as loan modification software or do it yourself loan modification. But if your reduced income is too low, short sale versus foreclosure is the goal. The REST Report claim to fame is that you use it to calculate Net Present Value exactly the way the banks do, using their software. It is the answer for a real estate title search to decide if your mortgage servicer has the right to foreclose on you at all. This blog is dedicated to independant mortgage advice. If you have assignment of title issues or need to calculate net present value, you may have a cloud on your title which can block the short sale rules. This blog is a resource to evaluate short sale vs. foreclosure. There is no excuse for foreclosure other than the treachery of your mortgage servicer.
This YouTube video says it all. Go here: How to Get A Beneficial Mortgage Modification Now Please ‘Like’ the video, will you? That makes it easier for others to find.
Read it here
and here
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Originally posted 2010-07-25 11:11:14. Republished by Blog Post Promoter
