Derek Crager, America's Debt and Home Relief EXPERT 317-203-9160
Expert assistance and advice in real estate short sales, lender negotiations and the Home Affordable Foreclosure Alternatives Program

While Lenders Drag Their Feet on Loan Modifications, Many Property Owners Find Relief Via Short Sales

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

While millions of homeowners spend months getting nowhere with a lender who pretends to be willing to consider a loan modification yet continuously stalls the process with ridiculous requests for "more information" and ultimately foreclosing on the homeowner, others are selling their upside home or investment properties at their current market values for FREE and avoiding a foreclosure altogether. Act now and get a FREE copy of the $37.00 Homeowner's Guide to Real Estate Short Sales. This easy-to-understand, step-by-step instruction guide includes all the tools and forms required to successfully short sell your home or investment property.    

Sign Up Now, while watching video.:
The Homeowner's Guide to Fighting Foreclosure
Property owners facing foreclosure have options. Learn tools, techniques, and tactics for battling your bank!

Get Your FREE Book Today:

What Is A Short Sale?

A short sale occurs when the lender agrees to take less than the full amount required to pay off existing loans in full because the outstanding loan balance is greater than the proceeds realized from the sale of the property. This sounds simple enough and is the definition most agents will give you. The problem is in the details. The terms of the approval are almost always put forth by the lender. Most sellers and many agents assume any approval is a good approval which is often not the case. If you're considering a real estate short sale there are things you need to know before speaking to your lender. Consulting with a licensed professional versed in short sales, the deed in lieu option and the foreclosure process is a must.

Why Would My Lender Accept Less Than Is Owed?

Knowing why and how much your lender does not want to foreclose on your home is crucial to the negotiating process. It's often times much more expensive for the lender to foreclose on your home than it is to accept a short offer and pay all the costs associated sales costs. Your lender would prefer that you stay in your home and continue making payments or sell it and get it off their books. The terms of the recent TARP bank bailout package have allowed many big banks to post huge quarterly profits even in the midst of a foreclosure crisis. Many lenders are very open to negotiating short sale terms that will be favorable to you - often times allowing you to walk away for free and with zero future obligations or tax consequences. A successful no cost short sale with zero deficiency judgments looming in your future can be possible when you work with my expert team to get it done.

Will I Qualify For A Short Sale?

Has Your Home's Market Value Dropped?

Hard comparable sales will be used to substantiate that your property is worth less than the unpaid balance owed the lender. The expert you choose should be able to provide a thorough BPO (broker price opinion) to help determine your properties 30 day sale price value. The unpaid balance might include any prepayment penalties you may have. Get a FREE Home Valuation Report.

Is Your Mortgage Currently In Default or Are You Concerned That It Soon Will Be?

It used to be that lenders would not consider a short sale if the payments were current, but not anymore. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems at the pass. You do not have to be late on your payments but you must be able to convince them with your hardship letter, tax return, bank statements and paystubs that you're concerned about your ability to continue making payments.

Have You Fallen on Hard Times?

Have you experienced a job loss, cut back in work hours, divorce, death or any other challenge that is hampering your ability to make your monthly payments? You must be able to prove financial hardship. If you've answered yes to all of these questions, you're probably an ideal candidate for a real estate short sale. Take this simple Quick Qualifier Quiz and determine right now if you'll qualify.