Colorado Springs Short Sale

Colorado Springs Short Sale Realtors

Are you are struggling to afford your mortgage?  Do not believe for one second that foreclosure is the only way out. There are other alternatives to foreclosure and many will help homeowners to get out of debt and back on their feet.

Perhaps the most beneficial alternative to foreclosure is the practice of short sales. When a borrower can prove to their lender that they are unable to continue paying on their home, and the lender allows the borrower to sell their home for an amount that is less than the amount owed on the home, a Colorado Springs short sale takes place. Acceptable financial hardships include divorce, relocation, decreased income, vacant rental properties, medical expenses, death of a family member, and others.

Before applying for a Colorado Springs short sale it is important to locate a local real estate agent that specializes in short sales to represent you to your lender. Finding an agent with experience in short sales is imperative! It is also helpful if the Colorado short sale expert has conducted a short sale with your lender in the past.

Colorado Springs Short Sale Benefits

- A short sale is completely FREE to homeowners! All closing costs are taken care of by your lender including your Colorado Springs short sale Realtor’s fees and commission.

- In many cases, lenders will completely forgive borrowers of the difference of the price the home sold for and the amount still due on the mortgage. This requires good communication between your bank and your Colorado Springs short sale specialist.

- Many lenders are now offering incentives to borrowers who choose to short sale rather than losing their home to foreclose. Some of these incentive programs offer financial assistance for relocation after the home is sold.  These incentives can range from $3,000 all the way up to over $30,000.

- You can still short sale even if your lender has already begun the foreclosure process. Your lender would likely prefer that you stop Colorado foreclosure through a short sale.

For more information on Colorado Springs short sales contact us today! Do not let the opportunity pass you by to participate in a short sale! We can answer any questions you may have and direct you to a Colorado Springs short sale specialist that can offer their FREE short sale services! Call us today!

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

If you are a Colorado homeowner in distress facing foreclosure, we have a solution for you! A Colorado Springs short sale specialist Realtor can help you avoid foreclosure. We are a nationwide network of real estate agents specializing in short sales. Call us now to see if you qualify for a Colorado Springs short sale. Our experts can inform you on the short sale process and any additional programs you may qualify for. We have many experienced and licensed Short sale agents near Colorado Springs CO. Call today if you need a Colorado Springs Distressed Property Expert Certified in short sales or to find out more information on the government program HAFA Home Affordable Foreclosure Alternatives. 

Copyright First Coast Realty Associates 2011

 How to prepare a short sale package

A short sale is deemed to be the ultimate solution to any debt problem where a property is mortgaged by the bank. Although borrowers never desire to lose out on their property yet due to unforeseen circumstances you may be forced into a situation where you have no other alternative but to sell your mortgaged property. If you do not do so, you will still be losing out on your mortgaged assets since the bank or your lenders would sooner gain control over your property. They would possess all rights to do whatever they wish with the property. If you know how to prepare a short sale package you can prevent the problems from aggravating further and can sell your assets at a reasonably good sum provide the bank grants you permission to do so. You also stand a chance to remain a good creditor unlike foreclosures where you have a very small chance of qualifying for a loan for many years.

Five important tips on how to prepare a short sale package

1)  An application for short sale package that you intend to send to the bank for its approval must be complete in all aspects. Make sure you do not lose out on any minor points as specified by the lenders or else the processing of you request may get delayed by a considerable period. You must not make any rooms for any such delay by your lenders. This is possible when great attention is paid to what has been specified by the bank.

 2)  A knowledgeable Short Sale Specialist Realtor must be appointed by you to help with the short sale process. He or she must be efficient and well versed in the legal proceedings of such cases and must be proficient enough to negotiate with the bank on your behalf. A good Colorado Springs Short Sale Specialist can make a vast impact and can turn the table in your favor. Their presence can increase the pace at which the proceedings take place. It is often said that short sale does not take much time but if you are unfortunate to get into the hassles of an inefficient realtor, the whole process may take much more time than what you had expected.

 3)  You must also bear in mind that short sale can in no circumstances be a unilateral decision. The approval of the bank to sell the mortgaged property is mandatory. Hence every earnest effort must be taken by your Realtor to ensure that the bank grants the permission to do so.

 4)  Contacting the lenders in person is comparatively a better option than contacting them over phone. You will be in a better position to convey your thoughts and position to the concerned department. You would also find your request on good progress. If a Realtor handles the entire proceedings on your behalf, things would be even simpler.

 5)  You must not forget to send your application for a Short Sale Package along with a well written cover letter entailing your need and desire. This would give a clear picture to the lenders as what you want from them. Also your bank statements, hardship letter, tax returns along with a form disclosing your income must be submitted along with the application.

 You must make haste in submitting the application because the approval alone can trigger the whole process. The bank needs to go through each document provided, countercheck and verify each before giving the green signal. This entire process may take a good amount of time and any delay in submission of the application along with the requisite papers may become a major hindrance. It would also be a wise decision to personally give the concerned department a call after submission of application for short sale. This would help to ensure that the application does not get rejected due to lack of any papers or documents. You can then be certain that your work would sooner get done. By making follow-up calls you would stand a chance of making any rectifications that are required. This would also act as a plus point and would work in your favor. The lenders may also contact you in case of any doubts and may also request you to come over for direct negotiations, which would be handled by your Short Sale Specialist. Merely knowing how to do a short sale package is not enough, you must be sure that you possess all requisite legal information required for the proceedings. Or else, hiring an attorney or Realtor is a wise decision. In that case, along with the application form it is mandatory to send an authorization letter which would enable the bank to disclose the loan information to the agent who will be negotiating and working on your behalf.

Contact our Specialists today. Our agents are highly experienced and have the knowledge and skill to get you through a successful short sale and are here to tell you that options are available! Making the mistake of choosing the wrong Realtor could be hazardous, and who has time for that? Our Short Sale Specialist Realtors are ready and waiting to hear from you!

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

If you are a Colorado homeowner in distress facing foreclosure, we have a solution for you! A Colorado Springs short sale specialist Realtor can help you avoid foreclosure. We are a nationwide network of real estate agents specializing in short sales. Call us now to see if you qualify for a Colorado Springs short sale. Our experts can inform you on the short sale process and any additional programs you may qualify for. We have many experienced and licensed Short sale agents near Colorado Springs CO. Call today if you need a Colorado Springs Distressed Property Expert Certified in short sales or to find out more information on the government program HAFA Home Affordable Foreclosure Alternatives.

Copyright First Coast Realty Associates 2011

The benefits of a short sale compared to the benefits of foreclosure.

When you took out your mortgage, it is very unlikely that you thought you would end up in the situation that you are in now. Maybe you have lost your job or perhaps you are going through a divorce. So, you now have a default on your mortgage, and it may seem that the world is caving in but as with all problems, there will be a solution, it is just a case of finding it. Researching the difference in a Short Sale and a Foreclosure is a great first step.

There is a good chance that you have avoided either opening any letters from the bank or you have avoided contacting them. This is not a good idea, for one thing, the problem will not disappear just because you don’t acknowledge the situation and the other thing is that you will need your lender on your side if you want to get out of the mess. They are much more likely to help if they are kept aware of the situation.
If you have received any letters from the bank, informing you that a payment or payments have been missed, contact them immediately and explain the change in your circumstances. This is when you need to start taking charge of the situation. There are decisions to be made and you need to find out all the options and the resulting consequences of them, for example how a Short Sale verus a foreclosure will impact your credit.

The next thing to do is get some expert advice. This may be a Short Sale Specialist Realtor or an attorney. If you opt for the second option make sure that they specialise in property law. You should also ensure that they know the property laws in your state. There are differences from state to state and they will know what they are. You may think that this will just be more expense to add at a time when you can least afford it but in fact, by contacting an experienced Short Sale Specialist you will have an ally, someone who knows their way around the system. They will be able to talk to the banks; they do it all the time. They can assess your current situation and go over the options available to you. They can advise you which will have less knock on effects when you have dealt with the immediate problem. You need someone on your side to help you and they may end up saving you money and to a large degree, your reputation.

When it comes to the options, it is generally advised that you should try to avoid and stop a  foreclosure at all costs. This is because it will have the longest lasting effects on your credit status. You need to ensure that all proceedings against you are put on hold for the moment, so you can take stock of the situation and get some help. The bank is much more likely to agree if you have some idea of the way forward. This is where an expert can also help; they can help you draw up a proposal to put to the bank.

The way foreclosure works, now bearing in mind there may be slight differences from state to state, the first step is issuing a notice of default. This is the notice that shows any payment or payments missed on your mortgage. It will also give you a date by which the matter must be rectified. If you cannot sort out the problems by the date you have been given, the next steps in the foreclosure process will go ahead.
If you have got the services of an experienced Colorado Springs Short Sale Specialist, they can file within 20 days asking for a time extension in order for you get all your information together. If this is allowed, this may be enough time to get a short sale sorted out. You will have to obtain agreement from the lender so bear that in mind when you are setting the price.

With a short sale, you generally find that the property in question is in a negative equity position. This means that the amount you owe on the property is more than the market value. Unfortunately, this is a position a lot of people are currently finding themselves in. Ask your expert to help you with a proposal for the lender. The best outcome for you is that you end up with a sale of the property in question and the lender writing off any shortfall. Be realistic about the price, even if the lender will not agree to write off the amount which is going to be left after the sale, the debt will be substantially less.

The two other major things that you need to do with a short sale is prepare a short sale package which will contain proof of your hardship, as well as write a hardship letter which shows why your circumstances have changed and how there is unlikely to be any change in the near future. Perhaps you have suddenly lost your job. There could be an impending divorce or even worse there may have been a sudden death in the family. Whatever the reason, you need to explain this to the lender. To obtain a list of all documentation to be put together, contact the banks loss mitigation department. They will send you their pack which will lead you through the process step by step. The other major thing you have to do is find a buyer for your property.
This is the time that you really do need expert help. Contact us now! Our impeccably experienced Short Sale Specialists are ready and waiting to help you!

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Is your home in distress and you are looking for options to avoid a foreclosure? We are a nationwide network of real estate agents specializing in short sales. Contact us right away so we can see if YOU qualify for a Colorado Springs short sale. Our experts can inform you on the short sale process and any additional programs you may qualify for. We have many experienced and licensed Short sale agents near Colorado Springs CO. Call today if you need a Colorado Springs Distressed Property Expert Certified in short sales or to find out more information on the government program HAFA Home Affordable Foreclosure Alternatives.

Copyright First Coast Realty Associates 2011

Short Sale Process for Wells Fargo Mortgage

Foreclosure, It’s a scary word with a whole lot of repercussion. It’s the nightmare of any homeowner. For those who aren’t familiar with the consequences of a foreclosure, you have the disadvantage of not owning your own home again for up to seven years. Now that’s a long time, but it doesn’t have to be the answer. Let me tell you some helpful and beneficial ways of avoiding a foreclosure. Wells Fargo is scaled to be highly rated when it comes to a short sale because of their constant interaction and competence.  The Wells Fargo short sale process is the sure way to go when considering your options when your home is distressed.

Looking for solutions without a clear head and a lot of anxiety can lead to making wrong decisions and losing a keen eye to the “fine print”. I will educate you on the basics of a short sale, what it offers and the steps you should make and all that you will need upon qualifying.

After excessive missed mortgage payments your home goes into a distressed state. Almost like a limbo before serious action is taken, example: foreclosure. If you can maintain focus during this time, then doing your homework will benefit you. If you are reading this right now, then congratulations, you are doing your homework and reaching out for help. Never be afraid to look for answers because you will always find them. Here is a little information on a short sale.

A short sale is having your home sold under the original worth because the value on the home has now decreased due to the debt which is now attached to it. A short sale is highly recommended to the qualified homeowner. Are you ready to find out what those qualifications are? Well here is the Wells Fargo Short Sale Process.

Your lender will want to know every factor of why you are no longer able to keep your home and why you are looking for a short sale as the answer. They are looking for particular and justifiable hardships and all the detail that surround them. Honesty is certainly the best policy.

Hardships vary upon the individual. We all deal with our own hardships which most of the time we consider to be life changing or dramatic. However, as a homeowner who is dealing with a hardship or has recently gotten out of the hardship but is still very far set back, there are certain hardships will that will be acceptable when applying for a short sale. Here are some examples:

● A considerable decrease in income because of a disability.

● A great deal of Hospital bill debt due to illness.

● The loss of your occupation.

● Divorce, and the overhead costs it may bring, along with one of the two refusing to continue their obligation in paying the cost of living.

● Natural disasters such as: Tornados, Earthquakes, Hurricanes.

You will need to go to a short sale specialist in regards to the short sale you are trying to qualify for. They will inform you of what you will need in your Short Sale Packet.

● Hardship letter (containing EVERY detail of the hardship and all that has been affected)

● One month of bank statements providing the income

● One month of pay stub(s)

● Tax returns from the previous and year, along with your W-2’s

● A financial statement which will provide a breakdown of nyour expenses, savings and gross to show that you are not able to continue owning your home because of financial difficulties.

*Be sure to provide your loan number on every piece of documentation within the Short Sale Packet.

There is a program called HAFA, which stands for Home Affordable Alternative Program. This program is a motion to 3,000.00 towards your relocation expenses. I strongly encourage you to obtain more information on this program. To do so, simply click the highlighted words: Wells Fargo HAFA program guidelines.

Protecting your documents and keeping them together is very mimportant. If for some reason you are unable to provide all of the required paperwork, you may write a thorough detailed letter with your valid explanation along with your signature and the appropriate date.

If you are qualified for your short sale you will not be charged! Services are 100% free to the homeowner and a short sale specialist will continue to support you through the process of locating a buyer for your home and work in partnership, on your behalf with Wells Fargo. Knowledge is the key, and learning is everything. You are moving in the right direction, so do not give up! Contact an agent now and start the process of getting qualified because time is of the essence and a Colorado Springs short sale specialist is waiting to talk to you right now!

Colorado Springs Distressed Property Expert Certified

When owning your own home, you take on a lot of responsibility with also a lot of joy. Unfortunately, when finances take a plunge and your mortgage payment becomes a burden, you are left with debt and stress to add.  Some homeowners are never fully prepared for the worse, if ever it should happen. They sometimes never know just how important the repercussions of their house being in distress and possibly leading to foreclosure are. Some do not know everything they need to know about foreclosure and the strain it puts on a homeowners future.  But, I will tell you who does know, and how their knowledge and expertise can save you!

A Colorado Springs Distressed Expert knows what you are going through and they have solutions for you! A major solution used by a Distressed Property Expert is short sale. Short sale is the act of selling a distressed home under market value to get it sold due to financial difficulties. Your home becomes distressed after many missed mortgage payments; your home then becomes a target for foreclosure. Foreclosure is a serious debt and scar that sticks to your credit for up to almost a decade, leaving you unable to live your future without worries. Having late mortgage payments will affect your credit as much as a foreclosure will drop your credit score dramatically. Settling for a foreclosure is never a right decision, no matter what. The benefits of a short sale vs a foreclosure are far different then imagined.

A short sale will recover from your credit around two years, leaving you plenty of time to live out the future you have always planned.  A Colorado Springs Distressed Property Expert will never let you make the wrong choice. If you qualify for short sale, you are looking at a promising future, with someone to hold your hand along the way. Our Agents care about your hardships and the eagerness you have to move on with your life, no strings attached. Service is 100% free, no fees and charges apply to you. A Distressed Property Expert is on your side aiding you in your time of need and letting you know they are taking this matter into their hands so that you can start looking up to brighter days and a stress free future. Pride is something that must always be taken when making very important decisions, and pride is just what our agents have. They have pride in the work they do because they care so much about leading you away from that scary potential called, foreclosure. Contact a Distressed Property Expert now while you still have time!

While it is important to have a trained Colorado Springs short sale specialist there is no substitute for experience. To contact us today to get in touch with a experienced short sale specialist call 1-877-737-4903

If you believe your lender may be pursuing a foreclosure on your property, you are probably looking for alternatives to foreclosure. A short sale takes place when a lender allows a borrower to sell their home for an amount that is less than the loan’s remaining balance. In order to qualify, you must be able to prove that you are suffering from a financial hardship such as decreased income, relocation, divorce and many others.

The first step in the process is to contact a Colorado Springs stop foreclosure Realtor who will walk you through the entire transaction. All Realtors are not cut out for short sales. Many real estate agents advertise themselves as “short sale experts” after completing a weekend course on the subject. The truth is, real knowledge of short sales comes from experience. Before hiring an agent, ask them how many times they have helped homeowners stop foreclosure through a short sale.

The right agent will stay in close contact with your bank and will likely gain you complete forgiveness of the deficiency. While this isn’t always the case, complete forgiveness typically does occur. Your short sale specialist will be able to help you fully understand the benefits of a short sale vs a foreclosure. 

Perhaps the best benefit of short sales is the fact that they are FREE to borrowers. Your lender will pay all of your closing costs, including Realtor fees. If the short sale fails, you end up where you were before, headed towards foreclosure. It doesn’t hurt to at least try!

- Do Lenders Always Take a While to Approve Short Sales?

The lender short sale approval timeline has been one of the major concerns of homeowners as well as buyers. On one hand, homeowners become weary of short sales and let their houses foreclose upon after learning that a short sale will take approximately five to six months, a duration that can bring about devastating damage to their credit history.

On the other hand, potential buyers give up their offers and back away from purchasing properties through a short sale mainly due to the long time lenders take to approve it.

- Who are Lenders?

A common misconception among Colorado short sale Realtors and homeowners is that the banks they submit their requests to are the actual loan owners. However, the reality is something different. Bank of America, Citi Mortgage, Wells Fargo often are just servicers of the mortgage loan. They are just service providers who are paid by investors with a fixed sum of money on each mortgage transaction they handle. That means they are just acting like middlemen who are bound to follow the instruction outlined by the lenders.

Since short sales take quite a toll on actual lenders, not the banks, it is the lender who determines the timeline for the lender short sale approval. Fannie Mae, Freddie Mac, Wall Street, and Wachovia bank are some of the pre-eminent lenders in the United States-all having laid down different guidelines with regard to the short sale process. These guidelines are devised while keeping in view two important aspects: reducing loss to the minimum; and setting short sale deadlines.

- Which factors determine the short sale approval time frame?

Lenders usually take into account a number of aspects prior to approving or denying any short sale request. Following is the brief description of these factors that influence the time frame of the short sale process.

• The Borrower’s hardship letter which is first reviewed by the bank and then by the lender.
• Does the homeowner possess funds to wear off delinquency?
• The number of files being handled by banks.
• Is the short sale traditional or backed up by the HAFA program?
• How many lien holders are involved in each case?
• How much follow up is done by listing agents?
• Has the mortgage been insured by a company that also needs to approve the short sale?

All of these factors determine the actual time frame needed for an approval of a short sale request. While taking the stock of these determinant factors, each lender has defined his specific process for the review of a short sale request. This is why Fannie Mae takes lesser time than Wachovia.  The latter asks the banks to approve short sale requests within forty five days while the former may take only ten to twenty days to do the same.

Every bank handling mortgages is bound to adhere to the policies and guidelines of lenders. Given that they do the other way around, they will not be entitled to Mortgage Servicing Rights that are generally worth $1,000 to $5,000 for each loan they handle. If you are wondering about how long your bank will take to approve your short sale request, it is pertinent to have a look at the guidelines of your lender beforehand so that you may be able to handle it in a fairly convenient manner.

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Are you looking for a short sale specialist who will help you better understand the benefits of a short sale vs a foreclosure? Our stop Colorado foreclosure specialists provide FREE short sale expert services to Colorado Springs homeowners in hardship. Call today to see if you qualify for a short sale! Need a Colorado Springs Distressed Property Expert in short sales to offer free short sale services? Our Colorado Springs CO area Distressed Property Expert real estate agents are here to help, and are Certified or trained in the Colorado Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Copyright First Coast Realty Associates 2011

Like many other Americans, you may be struggling to afford your mortgage. In today’s struggling real estate market, there are options that assist homeowners in avoiding foreclosure. While many attempt loan modifications, in most cases they turn out to be a temporary fix to a long-term problem. A large percentage of borrowers who receive a loan modification actually become default on their mortgage within six months after the modification. Many borrowers are finding short sales as a solution.

When a lender allows a borrower to sell their home for an amount that will not fully satisfy the mortgage’s balance, a Colorado short sale takes place. This borrower must owe more on their home than it is worth and must prove to their lender that they are facing a financial hardship that hinders their ability to afford the home. Hardships that can qualify borrowers include decreased income, relocation, divorce, death/illness in the family, and others.

The first step is to contact us. You will speak instantly with a short sale specialist who will evaluate your current situation and answer any short sale questions you may have. After determining that you qualify, you will be set up with the Castle Rock CO short sale Realtor in our network that we feel can best suit your unique situation. This Realtor will list and market your home as well as work with your bank all at no charge to you. Your lender will pay your closing costs including your Castle Rock CO Realtor‘s commission.

In most cases, lenders release borrowers from the deficiency amount at closing, however, this is not necessarily automatically the case depending on your hardship situation among other factors. In some uncommon instances, lenders may require borrowers to pay back a certain portion or even the entire deficiency amount. We are seeing this happen less and less.

Because each late mortgage payment can lower your credit score by 30 points or more, it is important to begin the short sale process right away. Even if you lender has already begun the foreclosure process, you can still short sale. In fact, if you inform your lender of your intent to short sale they will likely push back the foreclosure proceedings.

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Are you looking for a Castle Rock CO short sale Realtor? Look no further! Our stop Colorado foreclosure specialists provide FREE short sale expert services to Castle Rock homeowners in hardship. Call today to see if you qualify for a short sale! Need a Castle Rock CO Distressed Property Expert in short sales to offer free Chase short sale services? Our Castle Rock areaDistressed Property Expert real estate agents are here to help, and are Certified or training in the Colorado Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does NOT directly offer short sale or foreclosure rescue services in the state of Colorado.

Copyright First Coast Realty Associates 2011

• What is a Short sale?

A short sale is referred to a particular type of real estate sale in which the sale income falls short of the outstanding loan on the property. It is a beneficial scheme for both borrowers as well as lenders. On one hand, the borrowers get rid of the mortgage loan that has started eating into their financial stability; on the other hand, the lenders agree to short sell their properties and suffer less loss because this way they can evade a greater loss which they usually incur in case of rejecting a short sale and going for a foreclosure.

• What are the qualifications for a Colorado Springs short sale?

A financial hardship that keeps the borrower from paying his mortgage loan is the primary condition that qualifies a person to apply for a short sale. He must have to prove his financial constraint by highlighting substantial and logical ground. In this context some major causes include employment loss, increased utility bills, sudden death of a resource generator family member, divorce, and many others.

• Is it useful to hire a real estate agent?

Yes, it is useful to hire a real estate agent who can work on your behalf and endeavor to make the short sale successful. Since the short sale process involves certain complicated issues, a homeowner cannot always handle them easily. Only well-qualified and highly experienced agents can help homeowners get through this tricky process.

The agent has to deal with the bank, seller and buyer. He convinces the bank that the borrower is really in financial hardship and therefore cannot afford monthly payments. He also has to find a buyer who can offer at least the competitive price of the home in order to decrease the difference between the outstanding loan and sale proceeds and help the seller get rid of the obligation to pay the remaining balance.

• Why do the lenders accept short sales?

Though lenders some years ago were adamant to accepting short sale proposals; however, they are now exhibiting flexibility while approving short sale requests. If they do not accept short sales, they will have to sale their properties in foreclosure, the only alternative to a short sale, which not only involves a hectic legal process, but also forces them to suffer a greater loss. Besides, foreclosures allow homeowners to possess their homes until the completion of foreclosure; this may also aggravate the condition of the house causing the banks to spend even extra money on its renovation. Hence most of the time it is in the lender’s best interest to stop Colorado foreclosure.

• What is the impact of a short sale on credit score?

When compared to foreclosure, a short sale appears to have little impact on credit score as well as credit history. Normally, short sales bring about the loss of some fifty to eighty credit points, provided the borrower was not behind on his mortgage payments. However, being late on two or more payments will cause about the loss of over 160 points. When it comes to its impact on credit history, the lenders close the loan agreement with remarks such as “paid in full” or “settled with negotiation”.

• Can I request for the cancellation of the Colorado short sale process?

If you realize, after applying for a short sale, that you are no longer in financial instability and can pay the mortgage regularly, then you can secure your home by writing another application to your lender requesting him to cancel your previous application and allow you to retain the home. Also show your ability by making a payment of the due monthly payment.

www.Short-Sale-Specialists.com

877-737-4903

Contact a local short sale expert.

Are you looking for a Colorado Springs CO short sale Realtor? Look no further! Our stop Colorado foreclosure specialists provide FREE short sale expert services to Colorado Springs homeowners in hardship. Call today to see if you qualify for a short sale! Need a Colorado Springs CO Distressed Property Expert in short sales to offer free Chase short sale services? Our Colorado Springs areaDistressed Property Expert real estate agents are here to help, and are Certified or training in the Colorado Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does NOT directly offer short sale or foreclosure rescue services in the state of Colorado.

Copyright First Coast Realty Associates 2011

When determining which short sale Realtor to entrust with the task of stopping foreclosure on your property, you should be very careful. In a case as sensitive as a short sale, you simply don’t have leeway to allow mistakes. Just because a short sale agent has a flashy website or some type of short sale certification doesn’t mean they are capable of performing a short sale successfully.

It seems as if short sales appeared on the scene overnight. Many real estate training companies aim to capitalize on these transactions by offering a variety of training programs that, while valuable, are nothing in comparison to experience. I am never against education, but a successful short sale real estate agent in CO is not the result of education alone. In other words, it is not possible to become a short sale agent in just 3 hours. Don’t get trapped in the nets of credential agents because those credentials may be of no use or worthless.

The amount of work required by a short sale is four to five times more than a traditional transaction. For this reason, many Realtors want nothing to do with them. In fact, many real estate agents discourage struggling borrowers from attempting to short sale simply because they aren’t familiar with the process.

Experience is key when it comes to finding the ideal short sale Realtor. An agent may be very experienced in the business but he may not have closed more than a couple of transactions in a year. It would be a better option to hire an agent who has only five years of experience but perhaps has closed hundreds of short sales.

The track record of the agent is an important aspect and you should ask him about his past transactions before choosing him as a short sale agent. Below are some important facts to keep in mind:

• If not more, always choose an agent with a minimum of three years experience. Experience can’t be replaced by any short sale seminar or classroom instructions. All the pitfalls and victories can only be learned with experience. If the agent is experienced in the field of real estate other than short sales, this will be an additional advantage to you.

• If an agent has closed hundreds of short sales, his knowledge can be imagined nicely. These agents should be familiar with each bank’s practices to more efficiently work the short sale transaction.

• Although agents generally do not possess any type of license that allows them to give you legal or tax advice, they should be aware of the possible tax consequences that could come your way.

• Your past performance with a certain bank may be very good but it’s not necessary that you will get the same response in the future. It is always an indicator. So you have to be careful here.

www.Short-Sale-Specialists.com

877-737-4903

For more information on the short sale process or to receive a free evaluation of where your home stands in today’s market, fill out the form below.

Are you looking for a Colorado Springs CO short sale Realtor? Look no further! Our stop Colorado foreclosure specialists provide FREE short sale expert services to Colorado Springs homeowners in hardship. Call today to see if you qualify for a short sale! Need a Colorado Springs CO Distressed Property Expert in short sales to offer free Chase short sale services? Our Colorado Springs area Distressed Property Expert real estate agents are here to help, and are Certified or training in the Colorado Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does NOT directly offer short sale or foreclosure rescue services in the state of Colorado.

Copyright First Coast Realty Associates 2011