August 2010 Short Sale Update
August 9, 2010 by Matt Newman · Leave a Comment
2010 has been a busy year for us with short sales really dominating the market. We have successfully closed short sales this year with most of the larger lenders such as CitiBank, Chase, Bank of America, SunTrust and many more. In addition, we have worked with several local banks and credit unions. Every situation is unique and no two short sales (even with the same lender) are every alike.
Many factors will dictate the outcome of a potential short sale. We are actively seeking new clients to assist through this process. If you are facing a financial hardship and owe more than the current value of your home, a short sale might be an option. Every call is completely confidential and totally free.
To make the best use of your initial consultation, you will want to have the following information readily available:
- Current lenders/mortgage holders. The bank/institution who you make your payments to every month.
- Total amount owed on each loan.
- Type of loan/loans (Conventional, FHA, VA, Interest-Only, Home Equity Line of Credit, and so on)
- Were these loans taken out when you first purchased the property? Or are they refinanced loans?
- Investor on the loan if available. (Fannie Mae, Freddie Mac, and so on.)
- Is there Mortgage Insurance on the loan? If so, who is the mortgage insurance company?
- Are you current with your payments?
- If you are not current, have you received a notice of foreclosure?
- Type of hardship? (Loss of job, illness, divorce, and so on)
Don’t worry if you are not able to answer all of these questions up front. We will be able to assist you in locating any required additional information.
What are you waiting for? Call 678-250-4500 now to get started. To learn more, visit: Short Sales
