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For Real Estate
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Pre Foreclosure... |
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Copyright © 2008 ShortSalesShoppers.com -
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How It's Possible
We work with
The Law Offices of Jill
Pogach Michaels
and other select
companies that
negotiate short sales. They have
negotiated with all of the lien holders, checked
title and
submitted the financial packages to the
lenders. We list these lender approved homes
on our pre-approved short sale list and keep you
posted with e-mails of HOT NEW APPROVED deals!
How do we have these APPROVED short sales?
The original buyers who were under contract for these properties have gotten out because most often they either: 1) could not get the financing that they had anticipated; or 2) decided not to wait the several months it takes for negotiations to be completed. Now, the lender and seller are ready to go to settlement but they are looking for a new buyer.
Most of these properties could settle within
days although extensions are often granted to
accommodate a new buyer. Find the investment
that works for you and close in a few days.
It's that easy.
What makes us different from other listing
websites? Why not just search an agent's
multiple listing service for short sales?
The Multiple Listing Service (aka "MLS")
properties are listed with agents but may be NOT
APPROVED. Investors do not know whether the
lender would even accept an offer at a
particular listing price or other terms.
Moreover, an investor cannot tell how close the
seller is to foreclosure or if there might be
other factors that may make the seller's lenders
not accept a short sale, a particular price or
other terms. The average approval process runs
close to 90 days with most lenders. The lenders
are taking more time to review a short sale, not
less these days! The list you receive has
already gone through a minimum of 60-90 days and
the approval process. A final short sale
payoff has already been received.
The terms have already been agreed upon by the lenders. A few lenders may request the new buyer's name to appear on the revised payoff statement. However, at this point, most lenders do not even state the buyer's name on the original payoff statements. The lender is merely concerned with the net to them as stated on the payoff statement and settling within the time frame the payoff expires. Notably, the Law Firm has successfully negotiated many extensions of the payoff statements. This allows the investor buyer to have more time to obtain financing for settlement.
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We work with the Prestigious Professionals: |
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