SHORT SALES SUCK!!

We hear it all the time.

Whether it’s during a call from a homeowner that’s tried to make it through the process themselves only to get the runaround from their lender with no consistency in guidance, no returned voicemails, and a different answer from a different person each time they called….

Or whether it’s during a call from a Realtor that has spent time and money to learn how to “do” short sales, got a certification to show that he/she is educated, and then invested time and energy in working on one or several transactions, only to find out how complicated, time consuming, and often frustrating they can be.

It doesn’t have to be this way.

Part of the frustration that Realtors experience is due to the fact that Realtors are licensed to SELL property.  They didn’t become a Realtor to spend hours on hold trying to talk to the negotiator(s) handling a file, to live by a fax machine sending up hundreds of pages of documents, to learn the requirements to get IRS liens released, to spend hours educating themselves about the different kinds of short sales, like HAFA vs. FHA vs. VA, and the guidelines associated with each one so they can improve their clients’ chances for approval, and on, and on, and on.  The reality is, the short sale environment and the rules the lenders play by change often, and if a Realtor takes on the responsibility of managing a few short sales ON TOP of “regular” listings in which they are responsible for marketing, answering questions and phone calls, showing the property, etc., the details of just a FEW short sales can VERY EASILY, and unintentionally slip through the cracks.

When a homeowner tries to do a short sale themselves, it’s even worse.  The lenders employ intimidation tactics,  often providing different information to the homeowner every time they call, repeatedly transferring the call to various unnecessary departments generating no real answers for the owner.  Most often, the lenders don’t even provide accurate information to the owner in regards to which type of short sale program to pursue.  To make matters worse, many lenders will talk the owner into going into a modification program BEFORE starting a short sale.  A modification is a “program” in which the owner makes reduced payments over a period of time (most often, a year or more) while leaving the owner “waiting for approval” of their permanent modification.  But in the end, the lender will either deny the modification altogether, or after losing the paperwork 3 or more times, reanalyzing the transaction 3 or more times,  the lender will only modify the payment by such a small amount that it doesn’t even really help the owner at all.  (But, keep in mind, this is AFTER they’ve collected another 12-14 payments….albeit, “reduced”.)  At the end of the day, it’s all about the money for the banks.  Period.  No matter how much they may display that they want to help, they don’t.

So, what do you do if you’re a Homeowner?  What do you do if you’re a Realtor?

YOU COMBINE FORCES WITH THE SHORT SALE MONKEY!

The Monkey is absolutely on your side, whether a Homeowner OR a Realtor.  Our program was designed out of necessity, kinda’ like what Einstein said, “Necessity is the Mother of Invention”….

About 4 years ago, we were doing short sales for ourselves, helping homeowners avoid foreclosure, buying the properties ourselves, fixing them up, and reselling them.  During this process, we met  A LOT of Realtors that were curious about our ability to complete short sales successfully since it seemed like most short sales simply ended up as foreclosures.  Several asked us to get involved in their listings and help get an approval to close.  After a few successful transactions, word got out, and pretty soon, we had dozens of Realtors coming to us with troubled, distressed, short sale listings that they were having trouble getting closed.

The Short Sale Monkey was BORN!!

We’ve designed our system to keep the experience where the experience belongs and alleviate most of the stress for the owner.

1. The Realtor focuses on SELLING….what they got licensed to do in the first place.
2. We focus on DEALING WITH THE BANKS….using our experience of hundreds of transactions and over $18M in approved discounts obtained to-date.
3. The homeowner focuses on their new, more positive direction without worrying so much…..and taking time out of their workday to call their lender to see  if they got the faxed documents they sent 7 days ago!

Through this process, we make sure the BANKS are following the rules – trust me, they don’t give US the runaround.  In fact, we love it when they try. 

In the end, the goal is to get the short sale approved as quickly as possible, get the foreclosure avoided for the homeowner, get the Realtor paid their commission for selling the property, and earn our profit from either the transaction itself or from the buyer.

Throughout the process, everyone involved gets a special “guest access” login to our short sale web portal so that everyone knows exactly where we are at all points in the transaction.  Updates are available 24/7 with this access from any internet connection, so there’s never a delay in finding out the up-to-date details of your short sale.

So…

If you are in a distressed situation with your mortgage, you’ve missed some payments, or are about to miss some, and/or you’re a Realtor with a short sale listing that is just driving you nuts, you’ve come to the right place for a solution.

Feel free to check out the different pages, the Frequently Asked Questions (FAQ’s), the testimonial videos, etc.  If all of your questions aren’t answered here, please call us.  There’s NEVER an obligation.

We are in the business of helping get short sales CLOSED and if we can help you decide if this is the right path for you, great.  If it’s not, but you go in another direction more educated, then we’re ok with that too.  The reality is, there is waaaay too much financial pain in our country today and homeowners are at the core of it.  If we can do our part by stopping foreclosures one house at a time, then all of the hard work is worth it.

Call us at:  (512) 686-1891

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