|
|
 |
|
| What is a short
sale: The amount owed on a property
is greater than |
|
read more
|
|
|
| |
 |
|
| Why we
are the experts: While the
majority of real estate firms do not
have |
|
read more |
|
|
| |
 |
|
| Short Sale Process:
The short sale process can vary, but |
|
read more
|
|
|
|
| |
| Worry Free Short Sale |
| 1255 W. Baseline Rd. |
| Suite 182 |
Mesa, AZ 85202
|
|
|
 |
|
|
Short sale process
The short sale process can vary, but it will
generally work as follows:
1) Meet with a listing specialist to determine if a short sale is
the right decision for your families needs.
2) Execute a listing agreement and put your property on the MLS. A
client authorization is signed so we can negotiate with the lender.
A lock box and real estate sign are placed on your property. We
also discuss exit strategies for when the property is sold.
3) A negotiator at our corporate office will contact your
bank/lender to determine the requirements for a short sale. Since
we have built relationships with over 200 banks/lenders we often
have the requirements on hand.
4) The lender requirements are given to you so you can begin to
gather documentation.
5) We receive an offer from a buyer to purchase the property.
6) We put the short sale package together for the lender including
all required documentation and a purchase contract.
7) Once the lender receives the full package they will order a
Broker Price Opinion (BPO) or a full appraisal.
8) When the BPO or appraisal comes back the bank will either accept
the short sale or begin negotiations with our team of experts to
determine the best solution to get the short sale transaction
accepted.
9) One of two things will happen:
a) The bank approves the short sale and we go into a regular
escrow, often times closing within 10 days.
b) The bank gives us a value they would be willing to accept
and we counter offer the buyer at a higher price. The buyer will
either accept or we will put the property back on the market at the
requested price.
10) Upon lender approval, an escrow period will begin and before
long the property is sold.
11) We then help you with the previously determined exit strategy.
Most of our clients decide to rent after a short sale but we would
be happy to help you no matter what your decision may be.
12) You get to move on with your life and sleep easier at night!
Proudly serving Mesa, Tempe, Chandler, Queen Creek, Gilbert,
Scottsdale, Phoenix, Glendale, Surprise, Glendale and other Phoenix,
Arizona surrounding areas. |
