Short Sale and Loss Mitigation Benefits

Benefits of utilizing a third party negotiator for Realtors

Short sales are complicated and time-consuming, and can truly drain a realtor’s resources. We have been focused on short sale negotiations for several years and can leverage our relationships with lenders and our expertise in driving and managing the negotiation process so that you can focus on what you do best: selling properties. Your client’s can work directly with us and receive the attention that they deserve as this process is worked through.

Benefits of utilizing a third party negotiator for the consumer

Since a short sale is a process that requires one to be qualified, it is important that a professional evaluate the homeowner’s circumstances prior to beginning any mortgage workout process. Each situation is unique and must be evaluated and considered on its own merits.

Even more complicated and delicate is the situation involving a current or potential default on a mortgage. Not only does this have financial consequences, there are also legal consequences. If a person is not paying their mortgage, this needs to be managed so that the client understands the implications, credit and otherwise and there is direct and clear communication with the bank to prevent or at least monitor a completed foreclosure action. Those that are obtaining debt forgiveness need the advice of a qualified CPA or tax attorney.

Many people are being advised to simply stop paying their mortgage. While there are circumstances in which this may be necessary, it is a decision that must be informed. We have now attained several years of direct experience in the areas of loan modifications and short sales. I can confidently inform you that policies and ways of doing business change constantly. The banks are still trying to figure out the best approach to solve their problems, and the consumer is left with relatively little or no understanding of what this all means.