You Are Not Alone

Are you behind on payments, or are you in a situation in which you may no longer be able to make your payments in the very near future?

Is the value of your property much less than what you owe?

Have you recently lost your job, been saddled unplanned with medical expenses, or has your income been reduced?

Have you recently been divorced?

Have you lost income from your business due to the overall slow-down in the economy?

Have you been through a bankruptcy or are you considering filing for bankruptcy protection?

Do you see foreclosure on your property as something that could, or will occur in the near future?

If you answered yes to any of these questions, trust me, you are NOT ALONE!

We have helped dozens and dozens of homeowners avoid the ugliness and severe credit damage caused by foreclosure by helping them through the short sale process.

Due to all the mail and phone calls you get from your lender after missing a couple of payments, it is common to believe that they WANT to foreclose on your house.  But the truth is, lenders are in the business of LENDING not managing and selling properties that they come to own through the foreclosure process.

An alternative to foreclosure, that your lender would most-definitely consider is the short sale.  A short sale is simply a transaction in which you sell your property for LESS than the total amount owed to any and all lien-holders.  Since the lien-holders will be taking a loss, they must approve the deal and give the parties in the transaction permission to close.  We often get asked, “Why would a lender AGREE to take a loss?” and the answer is really simple.

A short sale can turn a negative situation into a more positive one for all involved.  You, the homeowner, avoid the embarrassment, hassle, stress, and the credit damage caused by foreclosure and the lender avoids having to take another property back only to sell it themselves at a much bigger loss.  Even though a short sale takes, on average 3-6 months to complete, the lender still is able to lose less, and recover quicker than going through the foreclosure process, which in some states, like Florida, can take YEARS.

Have you tried to talk to your lender about a “workout” solution?  If you have, then you know how much “fun” it can be….the lenders surely don’t make it easy for you.  When you call, you often get a different answer from each person you talk to, and that’s only IF you get to talk to someone in the right department in the first place.  Of course, this is only after you probably experience hold times in excess of the length of a good mafia movie.   Then once you think you’ve gotten to the “right person” and ask if they’ve received your documents, you’re told that your lender doesn’t have what you sent….and you’ve only sent it THREE or FOUR TIMES before!   So, now the representative gives you a NEW fax number to resend everything again, since obviously the first 3 fax numbers you got were the wrong ones.  And to make matters even more frustrating, all the information you compiled to send in all those times before, needs to be updated again.

**  I guess, since this exercise in insanity is pretty “normal” when dealing with your lender, you would think that they actually DO want to foreclose.

At the end of the day, you feel like you’re on a hamster wheel, getting nowhere while you and your  family try to deal with the stress and frustration.  We definitely understand how difficult it can be and The Short Sale Monkey can certainly help you.

With Short Sale Monkey’s very efficient system in place, we do all the work FOR YOU!  We’ll collect all the necessary paperwork, initiate contact with your lender, and take care of all the details of the shorts sale, giving you online access to your file so you can follow along.  The goal is to get the short sale approved as quickly as possible so you can put this situation behind you.

Even if you’ve tried to sell your home in the past, or have it listed now, we’ll gladly work with your listing agent.  If your property isn’t for sale yet, but you know you need a short sale, we’d be glad to put  you in touch with several high-quality, service-oriented Realtors that have worked with us before so you can select the one you like best and hit the ground running.  We will make it easy for you either way.

**Throughout the whole process, probably the most important thing we do is, we’ll make sure THE LENDER does things CORRECTLY.  So often, lenders will try and tell us what is and isn’t needed for a particular transaction, and so often we know they’re lying….yes, lying….and push back to get THEM back on track.  The confidence to do this only comes from the experience of working through hundreds of transactions, studying and keeping up with the guidelines of the short sale “industry”, and an absolute commitment to you to do everything possible to keep your house off the auction block.

So, how do you contact us to get started?

Step  1:  Check out the FAQ’s

Step 2:  Fill Out The Online Assistance Request

**Someone from the Monkey Team  will contact you within 2 business days.  Keep in mind, the sooner you contact us, the better.  We’ve had to turn clients away in the past, simply because they WAITED TOO LONG and there wasn’t enough time to stop their lender from foreclosing.  Don’t let that happen to you.  There is absolutely NO OBLIGATION.