Considering A Short Sale? It Just Seems To Make Sense
Short sales have long been considered the most unpleasant form of real estate transaction. Nevertheless, many homeowners in the western states are converting to them as a way to improve their economic situation. At Able Financial Solutions, we consider short sales to be as uncomfortable as they are costly, but we also recognize that under certain situations, they are the best option for both homeowners and lenders.
Here is our policy on finding short sale solutions for you:
Step 1: loan modification a Modification of your home loan First
Indeed, you should fully exhaust all possible options for loan modification before considering a short sale. Pour over our our Iron Clad Guarantee, it promises that you will pay nothing for attempting a loan modification unless it is successful. We also promise that you won’t have to pay us until you have a modified mortgage in your hand. Because we remove all of the upfront risk to loan modification, we strongly encourage you to try a loan modification with Able Financial Solutions before moving forward with a short sale.
Step 2: Talk to Us About Your Options for Short Sale
Short sales carry with them two downsides:
- For Homeowners — Once a short sale is complete, you will have to vacate your home and find somewhere else to live. You have to plan effectively to endure this challenge.
- For Lenders — Short sales are tremendously expensive for lenders, which makes them unlikely to pursue them without an aggressive negotiation.
When we discuss your short sale options with you, we will help you develop a plan to combat both of these challenges. We will provide you with a realistic estimate of what your financial situation will look like after a short sale so that you can plan early for you and your family. We will also explore your lender’s interests to determine what leverage we can bring to the short sale negotiation that will help you to seal the deal.
Step 3: mortgage modification the Short Sale
Short sales can take between 150 and 200 days to complete in Tucson, and they can be a painful process to go through. Able Financial Solutions places a premium on execution during the loan modification process, and this same aggressiveness is pursued during short sales. We will keep the pressure up on your lender, and keep you fully informed of the status at each critical step in the negotiation.
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