Looking To Find A
Short Sale Company?

For a homeowner or real estate professional looking to prevent foreclosure, a short sale company can be a big help. Some will take a flat fee or even a piece of your back end profit to negotiate on your behalf. Be careful though, contracting an incompetent person can lead to financial disaster if done incorrectly.

All too often I speak with homeowners who tell me that they already tried a short payoff with someone else and it didn’t work. Real estate agents or investors with little knowledge or experience can do more harm than good.

Here are some tips for finding a competent company:

1. Get references from homeowners they have helped.

2. Google them at Google.com

3. Explore online forums and networking community’s chat rooms.

4. If you are a homeowner, never, ever pay someone to negotiate a loan modification for you.

WARNING: I have been approached by “services” that claim to provide loss mitigation for homeowners in foreclosure. I was asked to partner and work with them. I had considered it until I realized they were charging homeowners for their “help” and were not following through. They were supposed to be negotiating loan modifications with the bank, which can be done by a homeowner for free. To me, this is immoral and wrong. There should always be some incentive for them to complete a short sale for you, such as commission.

A homeowner is putting their financial livelihood in someone else’s hands. Performing due diligence when searching for a company that negotiates short sales is worth the time and effort.

Too many people make the mistake of not being prepared before attempting a mortgage discount. Having all the paperwork together that is required by the bank is very important.

There are many resources for finding a short sale company or learning how to negotiate a discount with a bank yourself, which can save you money and time.

Get Our Free E-Course Training Guides and Tips

Wikipedia.com’s definition of a short sale
Return to Short Sale from Short Sale Company

Go To:

Additional Resources and Information