logging in or signing up Short sale vs Foreclosure - Your options Missshortsale Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 135 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: May 19, 2010 This Presentation is Public Favorites: 0 Presentation Description Know your options and learn how we can help you. Comments Posting comment... Premium member Presentation Transcript Foreclosure vs. Short Sale – what’s best for you? : Foreclosure vs. Short Sale – what’s best for you? Want to sell your home for today’s market value at NO COST to you no matter what you owe? The Facts : The Facts Foreclosure: Short Sale: Credit Score: Score may be lowered from 250 to more than 300 points and typically will affect a credit score for over. Credit History: Foreclosure will remain as a public record permanently, and on a persons credit history for 10 years or more. Security Clearance – If you require security clearance for your employer in almost all cases clearance will be revoked and position terminated as they see you as a risk. Qualifying for Future Home Loan: Ineligible to purchase a Fannie Mae backed mortgage for a period of 5 years. An investor is ineligible for 7 years. Future rates also affected. Credit Score: Score can be decreased anywhere from 50 – 150 points. If all other payments are being made a short sales affect can be as brief as 12 – 18 months.\ Credit History: Usually reported as paid in full – settled. Security Clearance: Does not challenge most security clearances. Qualifying for Future Ho me Loan: Both homeowners and investors who successfully and close a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years. Behind on Payments? : Behind on Payments? Slide 4: Foreclosure papers posted on your home? Certified letters mailed to you? Bank calling repeatedly? Loan Modification – getting nowhere? : Loan Modification – getting nowhere? Frustrated with lack of support from bank? 2 or more loans on the property – that’s ok! Investor or investment property? Behind or Current on payments? Do you have a Hardship? : Do you have a Hardship? Loss of Job, reduced income or hours Illness in the family / medical bills mounting Divorce NO Equity in your home Need to move and can’t sell for what you owe? What we do to Help you. : What we do to Help you. As Certified Distressed Property and Negotiation Experts we have the experience and the knowledge of successfully navigating through the complicated short sale process. We negotiate the sale of your home for today’s market value and you can remain in your home during the process. The Short Sale Process: : The Short Sale Process: Meet with someone from our professional team to see if you qualify. Provide our team with the necessary documents. We take over speaking to the bank on your behalf lessening your stress. You remain in your home or allow your renters to remain in the home while we conduct the short sale process. Time it Takes: : Time it Takes: Generally can take from 3 – 6 months, sometimes longer. You will know when it’s time to move out and we will give you ample time from 30 – 60 days to move. We accompany you to title to sign the documents. You are all done and can get a fresh start. Banks we work with: : Banks we work with: Careful to not trust amateurs! : Careful to not trust amateurs! Be careful who you enlist to work your short sale. Lots of agents are getting into the short sale business with very little experience which can result in a foreclosure if not done right. Be careful of companies promising to help and requiring upfront fees. Don’t trust an amateur in such a delicate and complicated process . Would you have major surger performed by a non-qualified physician? Our Experience: : Our Experience: Th The Elite Team of Home Sale Negotiators: We are professional Realtors with over 20 years of overall experience on our team. We don’t charge upfront fees or retainers, our fees are paid for by the bank at successful close of escrow. We work with an extensive network of professionals including, attorneys, accountants, credit counselors and an experienced title co. to bring your home to a successful close of escrow. CONTACT US: : CONTACT US: Feel free to email the Miss Short Sale Team to see how we can help you: E-Mail: MissShortSale@cox.net Website: http://www.MissShortSale.com The Elite Group site: http://www.EliteRealtyGroup.info Sandra: 480 570-1179 / Jeannie: 602 679-3334 You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Short sale vs Foreclosure - Your options Missshortsale Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 135 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: May 19, 2010 This Presentation is Public Favorites: 0 Presentation Description Know your options and learn how we can help you. Comments Posting comment... Premium member Presentation Transcript Foreclosure vs. Short Sale – what’s best for you? : Foreclosure vs. Short Sale – what’s best for you? Want to sell your home for today’s market value at NO COST to you no matter what you owe? The Facts : The Facts Foreclosure: Short Sale: Credit Score: Score may be lowered from 250 to more than 300 points and typically will affect a credit score for over. Credit History: Foreclosure will remain as a public record permanently, and on a persons credit history for 10 years or more. Security Clearance – If you require security clearance for your employer in almost all cases clearance will be revoked and position terminated as they see you as a risk. Qualifying for Future Home Loan: Ineligible to purchase a Fannie Mae backed mortgage for a period of 5 years. An investor is ineligible for 7 years. Future rates also affected. Credit Score: Score can be decreased anywhere from 50 – 150 points. If all other payments are being made a short sales affect can be as brief as 12 – 18 months.\ Credit History: Usually reported as paid in full – settled. Security Clearance: Does not challenge most security clearances. Qualifying for Future Ho me Loan: Both homeowners and investors who successfully and close a short sale will be eligible for a Fannie Mae backed mortgage after only 2 years. Behind on Payments? : Behind on Payments? Slide 4: Foreclosure papers posted on your home? Certified letters mailed to you? Bank calling repeatedly? Loan Modification – getting nowhere? : Loan Modification – getting nowhere? Frustrated with lack of support from bank? 2 or more loans on the property – that’s ok! Investor or investment property? Behind or Current on payments? Do you have a Hardship? : Do you have a Hardship? Loss of Job, reduced income or hours Illness in the family / medical bills mounting Divorce NO Equity in your home Need to move and can’t sell for what you owe? What we do to Help you. : What we do to Help you. As Certified Distressed Property and Negotiation Experts we have the experience and the knowledge of successfully navigating through the complicated short sale process. We negotiate the sale of your home for today’s market value and you can remain in your home during the process. The Short Sale Process: : The Short Sale Process: Meet with someone from our professional team to see if you qualify. Provide our team with the necessary documents. We take over speaking to the bank on your behalf lessening your stress. You remain in your home or allow your renters to remain in the home while we conduct the short sale process. Time it Takes: : Time it Takes: Generally can take from 3 – 6 months, sometimes longer. You will know when it’s time to move out and we will give you ample time from 30 – 60 days to move. We accompany you to title to sign the documents. You are all done and can get a fresh start. Banks we work with: : Banks we work with: Careful to not trust amateurs! : Careful to not trust amateurs! Be careful who you enlist to work your short sale. Lots of agents are getting into the short sale business with very little experience which can result in a foreclosure if not done right. Be careful of companies promising to help and requiring upfront fees. Don’t trust an amateur in such a delicate and complicated process . Would you have major surger performed by a non-qualified physician? Our Experience: : Our Experience: Th The Elite Team of Home Sale Negotiators: We are professional Realtors with over 20 years of overall experience on our team. We don’t charge upfront fees or retainers, our fees are paid for by the bank at successful close of escrow. We work with an extensive network of professionals including, attorneys, accountants, credit counselors and an experienced title co. to bring your home to a successful close of escrow. CONTACT US: : CONTACT US: Feel free to email the Miss Short Sale Team to see how we can help you: E-Mail: MissShortSale@cox.net Website: http://www.MissShortSale.com The Elite Group site: http://www.EliteRealtyGroup.info Sandra: 480 570-1179 / Jeannie: 602 679-3334