SHORT SALES EXPERTS

We are the Experts in Short Sales Negotiations

What we offer to you the Real Estate Professional:

Free consultation to determine qualifications.
No Upfront Fees to your customers.
We manage the entire process, and assist with the paperwork that is required by the mortgage/lender company.
We negotiate in behalf of your clients.
In-house attorneys available to assist in the negotiating process.
In-house short sales department, that will guide you and your clients through the process.
We will follow-up with you and your clients every step of the way.
Our service is ideal for all realtors that need a personal assistance in handling their short sales files.

What is a Short Sale?

In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial harship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is "doing the other a favor;" a short sale is simply the most economical solution to a problem. Banks will incur a smaller financial loss than foreclosure or continued non-payment would entail. Borrowers are able to mitigate damage to their credit history, and partially control the debt. A short sale is typically faster and less expensive than a foreclosure. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.

Once you have decided to do a short sale on your property we will inform you what is the best way to process your short sale. Every short sale is different and they all have different banks. So we must contact your lender and collect the following documents from you.

We need the following items to start the process:

1. Disclosure of current financial situation.

2. Hardship letter.

3. Last 2 pay-stubs for all working borrowers.

4. Last 2 years tax returns.

5. Last 2 months of bank statements.

6. Last 6 months of Profit and Loss Statement.

7. Authorization to disclose personal information.

8. Authorization signed by borrowers allowing us to negotiate in their behalf.

*Keep in mind that these items above must be collected up front, if one of the items above is missing, it can delay the process.

*Items can be changed or re-requested depending on the lender.

*A lender/bank can request additional information.

The Short Sale process can be a real challenge and in many cases frustrating, complicated, expensive and time consuming. With the right Short Sales Negotiators working for you, the process becomes managable without the constant worries that it brings. Allowing us to take over the process you will have more time to spend creating more transactions.

Capital Abstract & Title / Mandel & Perkins, P.A. - 10115 W. Sample Road - Coral Springs, FL 33065
Office Phone: (954) 344-8420 Fax: (954) 344-8852 Email: info@capitalabstract.com
Web: www.capitalabstract.com