Short sales can be intimidating and homeowners have a lot of questions.  We have gathered the most frequently asked questions and provided answers to the best of our knowledge.  We are not tax advisers or attorneys and you should seek competent advice where applicable.

1.  What is a short sale?

A short sale is the sale of a house in which the proceeds fall short of what the owner owes on the property.  Lenders agree to short sales because it is typically less expensive to sell the property short versus going through a long and expensive foreclosure process.

2.  Why do I have to provide personal information?

For a short sale to be approved, the lender will want to verify that you are truly in a hardship situation.  The hardship package requires tax returns, pay stubs, bank statements, hardship letter, and income/expense report.

3.  What should I sell my house to you versus listing with an agent?

Because we are the buyer.  The short sale process only starts when a purchase contract is written and submitted to the bank.  As investors, we are the buyer and therefore can start the short sale process immediately.  We buy 3-5 houses per month.  An agent must first find a buyer which can take several months and may not even find a buyer before the house is sold at auction.  If an agent does find a buyer, the buyer may actually walk because the process is so long and the buyer found another property to buy.

4.  Does it matter what I sell my house for?

No.  What is important is that you sell your property.  Short sale properties are typically bought below market value.  If you have your house listed with an agent, contact us and we will submit an offer.

5.  How much do you charge for a short sale?

Our service is completely free.  We do not charge any money.  Be careful of scams that charge you for short sale processing. 

6.  What if I have multiple mortgages on the property?

It does not matter.  We will negotiate a short sale for both mortgages.  It does not matter how many mortgages you have on the property.

7.  What if the negotiations take longer than my auction date?

Banks will delay an auction if a short sale package and purchase contract is submitted.  As investors, we can submit a short sale package immediately because we are the buyers.

Are you ready for us to buy your house?  We will sit down with you and go over the entire process.  Please contact us today before it is too late.

Call 480-678-0446 or fill out our form