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 be careful when paying someone upfront to negotiate a loan modification for you. Only pay a service if they are willing to get paid the majority of their fee after they are successful.

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. To me, this is immoral and wrong.

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.

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Wikipedia.com’s definition of a short sale
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