Short Sale Specialists

 

I Short Sale, Inc. - Short Sale Specialists Helping Homeowners to Avoid Foreclosure

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About I Short Sale, Inc.

I Short Sale, Inc. is a leading nationwide short sale and loss mitigation advisory firm that has assisted thousands of property owners and lenders in the intricate business of short sales, loan modifications, forbearances, deeds in lieu and other loss mitigation solutions. Since 1991, I Short Sale's principals have helped property owners and lenders avoid the lengthy and costly process of foreclosure and the stressful act of eviction. With over 18 years of experience, I Short Sale principals have developed a far-reaching network of contacts consisting of property owners, mortgage companies, banks and realtors. The firm's success is based on integrity and delivering on their client needs. Compliance with all State and Federal laws is our mandate.

Short Sale Myths

1. You must be default on your mortgage to negotiate a short sale. WRONG. Short sales are not a function of default status on a mortgage. They are the result of the bank mitigating a potential default situation that, in the long run, will cost more money to the investors. We have completed many short sales in instances when the borrower was not in a default situation.

2. Listing my home as a short sale is embarrassing. WRONG. Anytime we get ourselves into a tough financial situation it can cause some embarrassing feelings. It is important to remember that those feelings will not help us get back onto stable financial ground. We need to overcome our feelings and do what is right to protect our financial futures.

3. Buyers aren't interested in short sale properties. WRONG. Short Sale properties are often times available at a competitive price to other properties on the market. In many cases, short sale properties are very well cared for and have not had to endure the deferred maintenance of a REO property. Short Sale properties are in great demand in the marketplace.

4. There's not enough time to negotiate a short sale before foreclosure. WRONG. A good negotiator takes into account the timeline affiliated with a foreclosure. There is always a chance that a short sale can be negotiated. However, the only way to know for sure is to try.

5. The bank would rather foreclose than complete a short sale. WRONG. Banks do not want to foreclose on property. It is expensive and carries a high level of liability once the bank owns that property as an REO. Wherever possible, banks are seeking other loss mitigation options before foreclosure.

6. Short sales are impossible and never get approved. WRONG. Short sales are complicated, but not impossible. We negotiate short sale approvals every day.

How Does a Short Sale Work??

Contact I Short Sale for a free consultation. A specialist from  I Short Sale will perform an  evaluation to determine if conditions exist for a short sale, loan modification, forbearance or other  acceptable workout solution.	I Short Sale prepares a  comprehensive short sale package containing the required documents to be delivered to the lender.	I Short Sale and its affiliated  real estate agents aggressively market  the property to generate the best possible purchase offers.
I Short Sale and its affiliated  real estate agents aggressively market the property to generate the best possible purchase offers.	When the lender approves  the terms and conditions of  the short sale, I Short Sale moves forward with the closing of the sale between the owner and new buyer.	I Short Sale negotiates the  terms of the short sale with  the lender. These terms may include the sale price, closing costs and more.

 Should I Consider a Short Sale?

Are Your Mortgage Payments Too High?
Do You Want Lenders to Stop Calling?
Do You Owe More Than Your House is Worth?
Do You Want to Dispose of Your Debt?
Want to Minimize Damage to Your Credit?
Experienced Loss of Income?
Your Mortgage Will Adjust Soon and You Cannot Afford Paying Skyrocketing Rate?
Want to Sell Your House But There is Not Enough Equity?
Do you Want to Avoid a Foreclosure and Get a Fresh Start?

I Short Sale Can Help!  Regardless of your circumstances, I Short Sale, Inc. has powerful solutions available.

Default situations are time sensitive, avoiding the situation is simply unwise.
Contact our Short Sale Specialists Now for a FREE Consultation Toll Free: 1.877.907.4678

Our short sale services are TOTALLY FREE OF CHARGE. Our short sale specialists may help you prevent the downgrading of your credit scores while providing you A FRESH START.

Our success is based on integrity and delivering on their client needs.  
Compliance with all State and Federal laws is our mandate.

Market Conditions Effect on Homeowners

The real estate marketplace has undergone dramatic changes in recent months. More and more buyers are finding themselves in homes they can no longer afford and or which are now worth less than what is owed. In many cases this was made worse by mortgage rate adjustments which lead to payment increases. As a result, borrowers are unable to pay their mortgages and default rates have skyrocketed.

Even borrowers who are capable of paying their mortgage are under a great deal of pressure. They do not want to continue paying a mortgage on a property worth less than what they owe.

Risks

Not being proactive under these circumstances is quite risky given the severe consequences following mortgage default, especially given the long lasting impact from the information which remains on the credit report for years.
Lack of knowledge regarding available solutions shouldn’t be a deterrent in motivating property owners to actively seek a solution.
 
A ‘short sale’ occurs when a bank accepts a discount on a mortgage to avoid a possible foreclosure or bankruptcy. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history and the partial control of the monetary deficiency. Additionally, a short sale is typically faster and less expensive than a foreclosure. Many homeowners have been unfortunate enough to be living in homes worth less than they bought them for just a few years ago. (Click here to read more definitions)

What we Offer

I Short Sale, Inc. was formed as a consulting solution that can help protect homeowners. We knew that we could help homeowners avoid the negative consequences that follow mortgage default and help them protect their credit. Since the late 1991 our specialists have helped thousands of property owners achieve a fresh start. Our expertise is in negotiating a favorable solution that will protect the interests of the property owner facing the complicated scenarios presented when facing the lender

There is no magical fix. However, there are very powerful solutions a homeowner is very likely to qualify for. Finding a solution that is appropriate and that will be approved s vitally unimportant. Why The answer is that time and other constraints usually allow for only one attempt. That is exactly where our expertise comes into play. We help home owners identify the best solution and then negotiate with the lender on their behalf.

Lenders negotiate aggressively, and are very powerful when they negotiate directly with the borrower. Having experts in your corner is invaluable and will put you. the borrower, in a much stronger negotiating position.

For example, a homeowner who took out a loan for $600,000 to buy a home a few years ago has negative home equity as the value of the property has dropped to $500,000. The homeowner may say to them self, “Why continue paying more for a home that is worth less than I bought it for?” 

A Short Sale presents a perfect solution to both the troubled homeowner and the lender in the current Real Estate crisis. To avoid foreclosure and the frightening consequences involved, the homeowner may be able to sell the property at a loss and start fresh. You may ask yourself, “Why would a lender take a loss on the sale of a home? Isn’t that a horrible business practice?” The answers are simple. The banks do not like excess inventory and delinquent loans on their books. They know that taking control of a foreclosed property is an expensive and time consuming liability. .There are many fees involved like property taxes, liens, and repairs. Banks do not want to be responsible for property management as it’s not part of their core business practice. They often are better off taking the minimal loss beforehand and be finished with the ordeal.

Why Shoud I Choose a Short Sale?

Short Sales are usually undertaken because the homeowner is out of options and does not want to experience the tragedy caused by home foreclosure. 

Typically when someone is at the point of not being able to afford their home due to; high rates, dips in property values, divorce, loss of employment, decrease of income, etc., then we are forced to make a life altering decision. 

If your home is foreclosed on you it will ruin your credit for seven years. That means you will have extreme difficulty finding any bank to loan you money. You can forget about being able to buy another house, a car, open a new business, or even qualify for credit cards. On top of that, the loans you do receive will have incredibly high interest rates as you will be considered a credit risk by credit card companies and banks.

With a Short Sale you have the ability to save your credit from reflecting a ‘foreclosure’ as to simply having a ‘settled debt’.

A Short Sale offers a way out of debt and leads to a fresh start.
Listed below are some of the reasons to conduct a Short Sale:
1. Erase a large debt (See example)
2. Get debt free fresh start
3. Minimize damage to credit
4. Take charge over the foreclosure process-
5. Avoid eviction
6. Allow yourself the option to move anywhere you want without having the burden of a bad credit making it difficult to rent or buy.

How Can I Short Sale, Inc Help?
Protecting your credit from further degradation.
Presenting a solution to the lender and negotiating favorable terms.
Helping to minimize your debt obligations.
Allowing the borrower and her/his family to get a fresh start.
Expediting the process with a fast resolution.

What is a Short Sale?

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•  News

  Aug 16, 2010 I Short Sale's Loan Modification Success Story in Palmdale, CA Aug 16, 2010 ISS to complete the 5th successful short sale for one client Aug 12, 2010 Strategic Asset Solutions Indicates Increasing Willingness Of Lenders To Accept Principal Reductions Of Commercial Real Estate Loans More News...

  
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