How Does it Work and How Can We Help?

We realize that considering a Short Sale is somewhat traumatic and is not to be taken lightly. Once you contact us we will do the following:

A. Schedule an initial consultation where we will review your current situation and go over your options with you. You may not have to sell; we won’t know until we have reviewed your information.

B. Should it turn out that you want to go ahead with the short sale we enter the next phase:

                1. Go over and prepare all of the paperwork that will be required by your lender(s) to move forward with the short sale process. This will include your Hardship Letter, Seller Financial Statement, Seller Questionnaire, Authorization Form and more.

                2. Prepare and Stage your home for sale.

                3. Professionally photograph your home to ensure it has superior presentation in print and internet advertising. This includes full color heavy stock fold-over flyers in your home for potential buyers to take with them after seeing your home and flyers on the street for anyone who is interested.

                4. Full representation on Realtor.com with customized marketing remarks and a full complement of photographs. Most short sale properties get one or two pictures taken from the street and perhaps a sentence or two for marketing remarks. We believe that every listing that has our name on it deserves the same exemplary marketing whether it a regular sale, short sale or foreclosure.

C. Once we have completed your package we will forward it to your lender(s) so we can get a Loss Mitigator assigned to your case and get everything ready for the offer we will receive. We cut down the turnaround time for an approval by having all the paperwork in at the same time we put your home on the market. With response times running around 4-6 weeks right now for an answer from lenders on short sales it truly pays to have everything addressed by a professional up front. Once we have the Loss Mitigator assigned, we know who we are dealing with, can get the offer delivered immediately and receive an approval in a timely manner. This keeps your buyer from being discouraged and withdrawing their offer. Other agents also recognize that our short sales actually close and that when we represent the seller that they are going to have as smooth a transaction as is possible.

D. Once we receive the offer, we will forward it to the Loss Mitigator, keep you and the other agent informed with timely updates and press on. Once we receive the Approval, we will open escrow, begin the contingency period and go through all the normal inspections, appraisal and other assorted tasks that have to be executed in the course of a real estate sale.

E. Once we have passed through this phase the buyer will lift their contingencies and we will be on auto-pilot until closing, taking care of repair requests and getting you packed and ready to move on with your life.

While the short sale process is generally the same with all sales in the category, every situation is different. Call or email us today so we can discuss yours and see if we are the right Real Estate Professionals to help.

Finally, our services cost you nothing if we are unable to sell your home. We won’t take your listing if we don’t believe we can sell your home- it’s a risk-free proposition for you!

Please contact Richard Powell at 818-992-0950 or 805-404-1167 if you need immediate assistance regarding a potential Short Sale of your home.

Richard can also be reached via email at Richard@Powellfinehomes.com