Your Denver Metro Short Sale Specialists
What Is A Short Sale?
A short sale is the sale of real property where the total amount owed by the home or property owner is greater than the current fair market value of the property.
Signs Of Being A Short Sale Candidate:
- You are at risk of or have fallen behind on your home payments.
- The mortgage company is calling you or threatening foreclosure.
- Your outstanding loan balances are greater than what your home is worth.
- You have suffered a hardship which leaves you with limited or no money to pay your home mortgage.
Why Has This Happened to Me?
First of all, you are not alone, Colorado leads the nation in forclosures. This situation has happened to many home owners in this market. Adjustable rate mortgages and decreasing home values are often major components in bringing homeowners to this situation. Second and sometimes third mortgages and lines of credit are also contributing factors.
What Are My Options?
- Continue making your payments and wait until the market improves and you home value exceeds your debt.
- Work out something with your lender to reduce your rate or payment.
- Sign your deed over to your lender, via a deed in lieu of foreclosure.
- Quit making your payments and loose your home to foreclosure.
- Contact the Colorado Foreclosure Hotline ~ 1-877-601-HOPE.
- Complete the form below or contact us and let us help.
How We Can Help?
Fill out the form below and we will be glad to visit with you about your current situation. We will provide you with a free Competitive Market Analysis so you can compare what you owe against your homes value as established by one of our licensed REALTORS®. Then armed with all availale information you can decide your options. We provide you the information, you decide. We are are not going to tell you what you might want to hear but be assured we will tell you the truth and we will represent your interests at all times while selling your home.
When you have exausted your means of making your mortgage payments and wish to avoid slipping into foreclosure contact us for help.
What Is The Typical Short Sale Process?
- You complete the form below, contact us, or give us a call.
- Our short sale specialists will consult with you to to apprasie your situation and gather the necessary information.
- Your assigned broker will do a competitive market analysis to estimate your homes value and a price that will bring a quick sale.
- If we can't help you, we'll get you connected with one of our colleagues who can.
- Our team or colleagues will contact your mortgage company to inform them of our intent to sell the property for an amount that is less than what they are owed.
- Your broker lists the property for sale and aggressively markets it to investors and home buyers via the MLS and other marketing media and venues.
- You receive an offer on your listed home from an interested buyer.
- Your broker takes the offer back to the mortgage company and negotiates a deal.
- The bank accepts this offer price as payment in full and you are free from the headache.
NOTE: Your lender may cover almost all of the costs, including brokers commissions, upon the successful sale of your property. Some exceptions may apply depending on your lender.
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