SOS Equity Solutions – A Foreclosure Short Sale Agent/Negotiator in Orange County
The short sale process is also known as a Short Payoff or Pre-Foreclosure sale. In a nutshell, it is when a mortgage holder (lender or bank) is willing to accept less payment on a property than what is owed as full payment. A short sale is a proven strategy for a distressed homeowner who owes the lender close to, or more than what the property is worth.
If a homeowner owes $500,000 to their first mortgage holder but their property is worth $250,000 at the current retail value–with the proper negotiation strategy we can get your lender to accept $250,000 as full payment. Selling the property for $250,000 with your lender’s approval or at current market values is where we both succeed.
With our expertise in short sales and extensive negotiation skills, we can work out an agreement with an investor who refuses to talk to you and essentially turn it into an amazing arrangement. Some of our most satisfied customers were from transactions that were once rejected.
The key to a successful short sale is making a great case and building a good relationship with your lender. We take the time to know the people within the banking industry to insure our success, as well as to assist struggling homeowners. When we successfully complete your short sale we not only make our customers happy, we also satisfy the bank representatives as well. It’s a win-win situation!
There have been controversial issues surrounding short sales due to investors who claim that banks will not allow them, or from those that say there are no “good deals” anymore. At SOS Equity, we have been leading the way in performing short sales since 1996, and we are a pioneer in the business even before banks got involved.
Do not let your current situation discourage you, at SOS Equity our track record and extensive experience in short sales speaks for itself. We will work with you to provide the best solution that fits your needs. We work with homeowners in California and have a good understanding of foreclosure rules and will use them to your advantage.
At SOS Equity we have some of the best trained staff in industry and our success rate is evident from the thousands of short sale transactions we have successfully closed with over 50 different lenders. You wouldn’t hire a plumber to do an electricians job–why would you entrust your most valuable asset to agents who have little or no experience in short sales?
There are very few real estate agents that can match our level of success. The ones that claim they do may only close 2-3 transactions in a year. Don’t be fooled by their gimmick call us today and let us give you the peace of mind that you have been looking for.
Short Sale Incentives – You can now get $$ for your short sale
In an effort to stop all of the foreclosures several of the major banks are now offering very generous incentives to sellers. I know which banks have the best incentive programs and how to get the most $$$ from them when you short sell your property. Some of my clients have received incentives of over $40,000 at the close of escrow after successfully completing a short sale.
I understand that dealing with a problem property can be a stressful and traumatic experience. Many people do not know who to trust, where to turn and what their rights are in CA. Some people are just handing their homes over to the banks and walking away – no a smart idea of you want to rebuild your credit and not have the thought of dealing with collections in the future.
I am happy to tell you that I have gotten hundreds of thousands of dollars in incentive money for homeowners that are losing their homes, by opting to do a short sale with us rather than allowing the bank to foreclose.
Most Realtor’s do not know about these incentives and do not know how to negotiate money for the home owner.
In fact most Realtor’s will tell you that it is illegal for the seller to receive any money in a short sale and this is absolutely not true!!
You should not lose your home and walk away with absolutely nothing while the realtor makes a fat commission and the buyer gets a fantastic deal on your house!
I am happy to speak with you about how to get the lender to agree to give you money at the close of escrow in your short sale. Don’t just walk away empty handed.
Here is a list of some of the lenders that are offering incentives to the homeowner to short sell:
Chase : up to 35k. They are the most generous of all lenders.
Bank of America : Up to 25k.
GMAC: I have gotten as much as 10k, there are no set amounts to their incentives, you just need to negotiate.
Wachovia: Usually only 5k but you can get more by negotiating.
Wells Fargo: Incentives vary and are are available.
Citibank: I have gotten as much as 15k from them but you have to negotiate.
There are several other lenders that you can get incentives from by negotiating properly.
Call David for more information or to properly list and begin a short sale:
888-367-0896 or email me at David @SOSEquitySolutions.com
Remember ! The Mortgage Debt Relief Act of 2007 Expires December 31, 2012
Let a local realtor with national experience help get you out of your situation.