Short Sale Facilitators Services
Short Sale Facilitators are short sale managers who help sellers through the often complex short sales process. When the home is not worth what is owed on the mortgage, owners are paying for a property in a no win situation. The payments will not pay off the mortgage because the amount of debt is higher than the home value.
When an upside down home is costing more to the owners who are strapped with a property that they can no longer afford, a financial decision has to be made.
Maybe there’s a change in lifestyle due to a job loss. Maybe there’s an illness and the owner has had to go into long-term health care. In these circumstances where finances are questionable, debt is high and foreclosure is expected to occur, a short sale is a very realistic option.
A short sale can be easier on a person’s credit than a foreclosure. A short sale can yield positive outcomes where homeowners were expecting the worst. When a home is no longer an asset but instead a debt hanging over the head of the owner, it’s time to consider a short sale.
By working with Short Sale Facilitators, sellers can relax after turning in the initial paperwork. Lawyers can meet with Short Sale Facilitators and know that a polished team of professionals who have done nothing but work to streamline the short sale process will be handling the short sale process.
The realtors who turn short sales over to Alma and Steve Korshak know that the Short Sale Facilitators team will keep them in the loop every step of the way.
Steve and Alma will manage the paperwork after the original documentation is turned in by the sellers. They’ll talk to the lender about any deficiency required on the short sale, handle communications and provide the following short sales services to homeowners, realtors and lawyers:
- Experienced short sale lead person to handle your project
- Ability to work with group of realtors to list short sales
- Balanced advice: a short sale may or may not be your best option
- Provide required forms for lenders
- Established streamlined short sales process
- Access to financial resource programs including relocation, closing funds to assist short sale
- National, regional, local short sale capabilities beyond Florida
- Short sale progress reports
- Government guidelines and adherence to policies
- Consistent communication: you know when we know
Negotiating Short Sales for Homeowners
Homeowners who have stopped paying their mortgage, or who have realized that they can’t pay their mortgage, are familiar with this situation: The bank is calling, and you’re getting special deliveries from your mortgage company; they want your mortgage payment and, in an attempt to shake you down for payments, are threatening with a foreclosure lawsuit.
You may have already been served with a lis penden so what should you do? If you’ve decided to fight the foreclosure hire an experienced lawyer that works regularly in defending foreclosures.
If you know that you’re not able to keep the home due to a change in financial circumstances then it’s time to consider a short sale. A short sale can be less detrimental to credit and is a viable alternative to a foreclosure. A homeowner can can begin a short sale by
How Do You Get Out From Under a Home Loan?
You realize that what you’re thinking isn’t rational: you want to give back your dream home to the lender, and let them deal with the home. What if you could do that? What if you could call Short Sale Facilitators to negotiate your home off of your plate and, yes, give it back to the lender for less money than you owe?
With the right short sale negotiator, you can get out from under the loan with an action called a short sale.
But, homeowners, you can’t do it on your own. You can’t afford a foreclosure or a bankruptcy. However, you can make a phone call, provide the required documentation to Short Sale Facilitators, and let Short Sale Facilitators help you.
You owe more than you can pay, but you would do anything to get that debt off your back. If you use a short sale to sell your home you will have to give up your home, but you won’t have foreclosure on your credit record. Foreclosures stay on your credit report for seven to 10 years, and can reduce your credit score by up to 400 points. However, short sales may not be listed on your credit report, which means that your overall score may stay the same.
A short Sale Facilitator specialists’ job is to negotiate with lenders so that they agree to take less money for a mortgage that was agreed to by a homeowner. This is a short sale, where a homeowner “shorts” the lender and actually walks away from the extra money that is owed.
That extra money is called a deficiency. It’s an intimidating task to eliminate this amount of money for some, but Short Sale Facilitators relishes the task. They look forward to helping homeowners struggling with expensive homes and mortgages get out from under them, and get out of debt.
Short Sale Facilitators Has a Talented Team
At Short Sale Facilitators, a team, led by Alma and Stephen Korshak, of specialists, realtors, and lawyers help homeowners negotiate away deficiencies, and find relocation funds as well as other financial assistance programs.
Short Sale Facilitators works tirelessly with lenders to get a deal done—to sell the home short of what is owed the lender. Short Sale Facilitators works out every detail, and monitors the entire process; they alleviate the unnecessary stress that accompanies short sales so that realtors, lawyers, and homeowners can do what they do best.
What Would You Do to Eliminate the Debt From Your Home?
Short Sale Facilitators talk with a lot of homeowners who would do anything to get rid of high home debt; they want to give the home back to the lender; they want to sell the house, just give it back, walk away, and start over with a new place that they don’t own.
But homeowners fear they won’t receive enough to pay off the house loan to the lender. The home is worth so much less than what they originally borrowed. There may be several equity lines of credit, liens taken out on the home. So, what can a homeowner do?
The First Step is to Call Short Sale Facilitators
Call Short Sale Facilitators, provide them with the paperwork, and let Short Sale Facilitators work their negotiating powers with the lenders. Sometimes, Short Sale Facilitators can even provide funds from the lender to help an owner to relocate. The lender may forgive part or, or even all of the deficiency.
These are just some of the possibilities that are at your disposal when you have the right negotiator—one who, when the home is sold, is paid by the buyer of the home to negotiate with the mortgage lender to accept a short payoff (less money), and whose goal is to have the remaining deficiency balance waived at the time an approval letter is received.
What is a Short Sale?
That’s what a short sale is: returning a lesser amount to the lender than what is owed to the lender. However, a short sale is a difficult process that does not always go as planned and should not be taken lightly.
Remember, no one can guarantee a successful short sale, so only the most committed and proven specialist should be trusted. Luckily, Short Sale Facilitators is comprised of a team of expert realtors and lawyers who are dedicated to negotiating short sales on a daily basis.
What is a Homeowner Hardship in a Short Sale?
Many homeowners have undergone hardship in this difficult Florida economy. Whether it’s a medical issue that sends a family spiraling downward financially or a job loss or the upside down home where more is owed on the mortgage than the home will ever be worth again, hardships are one reason for selling a home via short sale.
When this occurs, simply contact Short Sale Facilitators and talk to them about whether a short sale is right for you.
Here are a few examples where hardship has caused the need for a short sale:
Illness, Retired, Car Accident
“We are both in our mid 70s and live off of our social security. Between my husband and myself we received $698 a month. We both suffer from heart problems and we are both diabetics which we must take medicine for. In October of 2010 my husband was in a horrific car accident and he injured his back, which also requires him to take medication and go to treatment.
“We are in our 70s and our hardship is that we do not have extra money to maintain the payment on this house; we must take care of ourselves at this time in our lives. The money that we get from the social security must go toward our medicine. I hope that you can help us in this matter, we would like to do a short sale on the property and this would be one less burden on us. We thank you in advance for all of your help.”
Job Loss, Living on Savings
“I purchased my home on December 2007 and I had the income to support the mortgage for the last five years. The company closed on November 26, and my employment after 35 years ended after December 2012.
“At this time I have to realize the truth of not being able to financially pay for the mortgage as I go on Unemployment Compensation. My savings are low and I have nowhere else to turn. My financial situation cannot sustain my home mortgage on $1400 a month. I have kept the mortgage current until December 2012.
I want to avoid foreclosure to keep my credit record from falling and want to short sale the house. I have not found any opportunities for employment and may have to move out of the area to find work at a comparable rate of pay. I deeply appreciate your help and understanding in this matter.”