Short Sales

I DO NOT WANT TO STAY IN MY HOME — what are my options?

A Short Sale may be the answer for someone that does NOT want to remain living in their home for reasons like the following:

1. You need to move, but you owe the Lender more than the home is currently worth.
   
2. Your house payments are difficult to make every month, so you want to move into a less expensive rental.

Why is a Short Sale beneficial to both me and the Lender?
A Short Sale is beneficial to you because a Short Sale will not hurt your credit as much as a Foreclosure. A Short Sale is also better for the Lender because the Foreclosure process is a long and costly process.

Why is Clients Assist the best choice to help me with a Short Sale?
Clients Assist will match you up with a Real Estate Professional to provide you with a full-service listing and list your home for sale in the Multiple Listing Service (MLS).

We will collect all documents and submit the necessary paperwork to your Lender requesting them to approve your Short Sale. Then Clients Assist will negotiate DIRECTLY with your Lender to get a pre-approved Short Sale value from your Lender (the dollar amount they will accept for your home in exchange for releasing you from your mortgage).

A home listed for Short Sale with a pre-approved price gives your home a better chance of selling on the market.

Any Real Estate agent can list your home for sale — but Clients Assist takes that listing to the next level by negotiating for an approved Short Sale price from your Lender.

Clients Assist will also help you find a new home or apartment to rent when your home sells.

I WANT TO STAY IN MY HOME — but I cannot afford my monthly payments. What are my options?

There are many avenues we will pursue to get your loan terms changed into more affordable monthly payment.

First, we will communicate directly with your Lender. We will collect and submit all necessary paperwork to your Lender to request a Modification of the terms of your mortgage to lower your monthly payments. These loan modifications could include:

1. A change to the terms of your Loan — like lowering your interest rate or extending the length of the loan (Did your Interest Rate "adjust" and now your monthly payments are higher than you can afford?)
   
2. Requesting the use of State, Federal, or Local Government Program Money to reduce the balance (principal) of your loan.

Second, we will contact other Lenders to qualify you for government backed refinancing or a "Short-Refi."

What is a Short-Refi?
A Short-Refi allows the borrower to keep his/her home and lower the monthly payments. For those borrowers that still have good credit scores, adequate income, and no late mortgage payments but are upside down in their home (owe more than it's worth), a Short-Refi may be the best solution. The new loan may reduce the principal, reduce the interest rate, and get the borrower out of an interest-only or adjustable rate loan.