Short Sales

      When you have a provable hardship that prevents you paying your mortgage in full, you are likely a prime short sale candidate. Examples are medical bills, divorce, disease, death, getting demoted at your job, etc. If you are in serious financial trouble, then you are probably a good candidate. In most cases you will not owe the bank anything further and they agree to sell the property for what it’s worth and they forgive your debt. A short sale may follow you around on your credit report for 2 years, but FORECLOSURE will follow you for 10 YEARS!

      Banks prefer that you do a short sale before foreclosure, before stopping payment, and before you consider doing deed in lieu of foreclosure. A short sale is listed on your credit report as a debt that was paid and settled at a discounted rate. Time is of the essence, so if you think you may be a candidate, please call us today so that we can work to restore your good name.

You will need the following:

• A hardship letter to the bank explaining your hardship and let them know you are considering bankruptcy.
• You will need your past several tax returns with w-2’s, and all schedules and forms, 4 months of the most recent (consecutive bank statement), and your most recent pay stubs
• Give written permission to your bank for your real estate agent to speak with them on your behalf through a "Third party release of information authorization" form.

Some banks have become masterful at bouncing their customers around their phone systems like ping pong balls. Do not let your lender treat you like a ping pong ball, give us a call and put professionals to work on your behalf to save you from foreclosure. The time to call is now.

Daniel Bennison (816) 507-5932