WHAT WE DO
What We Do
Short Sales
Our primary focus is foreclosure prevention. For several years our team has been efficiently managing foreclosure prevention transactions for a variety of clients with an exceptional success rate. There are a number of ways to engage our services. The list below explains in more detail the various responsibilities we take on for our clients. We strive to make your experience with short sales more enjoyable and less strenuous. We have you covered from start to closing!
Document Processing
Our efficient paperless system and CRM software allow us to keep close track of all document requests and actions taken on each and every file. We are familiar with all major software platforms used by lenders.
Easy Communication
We utilize e-mail, phone, and fax communications every day. We are available to handle inquires and new information on the fly. Updates and other relevant information is passed along to the appropriate parties. All irrelevant or inaccurate information is filtered so to keep the process as simple as possible.
BPO & Appraisal Coordination
Whether only one valuation is needed, or several throughout the time we are handling a file, we ensure the correct parties are in contact so the property can be accessed and lender valuations can be completed quickly.
Judgment & Lien Negotiation
Title encumbrances often cause a snag in the goal of reaching a closing. Our team is capable of working with any judgments on title to ensure proper payoffs are obtained and that title can transfer to the new owner.
Sale Terms Negotiation
This essential aspect of our functions shines above the rest. Not only do we facilitate but we also negotiate – for the best possible and most fair terms for all parties involved. Reaching an agreement on purchase price and other sale terms especially when dealing with multiple lien holders is more often than not an arduous process. We have worked through countless scenarios and obstacles including value disputes, negotiations related to commissions, utility payoffs, subordinate lien payoffs, HOA payoffs, owner incentive payments and more. Our skillful staff can get to the bottom line when dealing with lenders so that we reach an approval in fair time with all factors considered.
Sale Terms Negotiation
This essential aspect of our functions shines above the rest. Not only do we facilitate but we also negotiate – for the best possible and most fair terms for all parties involved. Reaching an agreement on purchase price and other sale terms especially when dealing with multiple lien holders is more often than not an arduous process. We have worked through countless scenarios and obstacles including value disputes, negotiations related to commissions, utility payoffs, subordinate lien payoffs, HOA payoffs, owner incentive payments and more. Our skillful staff can get to the bottom line when dealing with lenders so that we reach an approval in fair time with all factors considered.
Closing Coordination
Although most of our responsibility is centered around obtaining short sale approvals from lenders and other creditors we also support all parties in reaching the closing table. Many activities still occur after an approval is obtained and it is often that closing extensions are needed. Continuous follow up and coordination is typically necessary to ensure all the parties are completing appropriate tasks and meeting deadlines in order to close. Our team has you covered all the way through to the day of closing.
Assist with Sheriff Sale Adjournments
It is imperative to monitor and be aware of any scheduled sheriff sale during the short sale. An auction can occur at any time despite the ongoing short sale review. Our staff provides guidance on when and how to request adjournments in order to gain more time if needed to complete a transaction.
Contract Paralegal Service
We are typically hired directly by the seller’s attorney to provide robust transaction management and administrative services required when working with short sales. We work hand-in-hand with the listing agent, seller client, and related parties. Our fees are paid by the law firm upon closing.
Short Sale Negotiation
If you are 37 days or more before the sheriff sells your property we can send a complete short sale package to the bank and request a short sale approval. We partner with licensed real estate agents and brokers who list the short sale properties and allow us to perform our short sale services. Our fees are paid from a portion of the listing firm commission.
Probate Assistance
If your loved one died without a will, we can direct you to the right probate lawyer for assistance. If referral business is what you seek then we have the solution. Simply refer clients to us and we will handle the rest! Securing a contract, to managing the foreclosure prevention process and following through until we provide the full service you deserve!
HECM / Reverse Mortgage Assistance
If your loved one has a reverse mortgage we will work with you to make sure that all equity in the home will be returned to the family, should the property be sold. If someone you know is experiencing financial difficulty relating to real estate we can help. We can provide useful information and we can even be hired by an owner to plan and execute a strategy to mitigate the situation either through a short sale or other solution. This applies to both foreclosure and non-foreclosure scenarios.