| Many of the homes on the market today, and | | | | each negotiation with excellence. We are |
| homes going into foreclosure are not worth | | | | effective because many of our employees have |
| what they have outstanding loans for. Now we | | | | worked in the lender's loss mitigation |
| have an expected 1 in 500 homes (national | | | | departments and have been trained in short |
| average)expected to go into foreclosure due | | | | sales as their specialty. |
| to adjustable rate mortgages in the next | | | | |
| year. How do you sell a home for less than | | | | They list the following success stories on |
| you owe? | | | | their website: |
| | | | |
| Short Sales! While we have purchased homes | | | | 1. Negotiated a 2nd lien owed $63,000 to |
| via a short sale, I would not recommend it. | | | | $2,000 |
| It was a very long drawn out process each | | | | |
| time and consumed weeks of time and a flurry | | | | 2. Negotiated a 2nd lien owed $212,000 to |
| of faxes, conversations and numerous voice | | | | $5,000 |
| mails. | | | | |
| | | | 3. Negotiated a 1st lien owed $107,000 to |
| I found National Short Sale Center, Inc. a | | | | $71,000 |
| national company which assists homeowners and | | | | |
| mortgage services on a nationwide basis in | | | | 4. Successfully negotiated the complete |
| negotiating down the amount owed on a home | | | | removal of an IRS lien for approximately |
| loan. It creates a win-win situation for both | | | | $25,000 |
| parties by providing the homeowner an option | | | | |
| before their property is foreclosed upon, and | | | | If you are a homeowner, lender or realtor, it |
| by achieving maximum yield for the servicer. | | | | might be in your interest to contact them if |
| | | | you or a client owes more on their home than |
| National Short Sale Center has been the | | | | it is worth. I was not able to find any |
| national leader in conducting short sales | | | | negative information on them and they are a |
| since 2004. This is a result of our | | | | member of the BBB (Better Business Bureau). |
| commitment to the homeowner and conducting | | | | |