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no downpayment
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no closing costs
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no application fees
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no private mortgage insurance (PMI)
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no requirement for perfect credit
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a fixed (not adjustable) interest rate, typically a point below prime
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Perhaps you bought at the peak of the market and simply need to move on.
Let Our “SHORT SALE” Experts Show You the Solution
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Avoid Foreclosure and Bankruptcy
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Exit the Property Without Any Costs
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Simply put, it’s the sale of real estate in which the lender agrees to accept less for the condo or house than what is owed. This is called “selling short.”
Why would a lender do this? Because the alternative, from the lender’s perspective, might be more costly and time consuming. The alternative can include:
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Foreclosure
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Possible eviction
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An undetermined amount of time that the property sits without payments being made
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Re-sale process
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But more importantly, a short sale can be thought of as a way for you to move on from an unfortunate real estate situation.
We understand that the recent downturn in the real estate market and the economy in general has left many condo and house owners in a bind. You might be facing:
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Loss of income
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Adjustable mortgage resetting to higher, unmanageable rate
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Denial of a refinance
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Declining property values
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The simple need to sell and move with very little or no equity yet built up
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We can help you with a way out that won’t cost you foreclosure, bankruptcy and other potential stresses that can follow you for years to come.
If a short sale is right for your individual situation, there’s really not much you need to do. We handle the vast majority of the work for you. We’ll ask you to supply some important documents, including (but not necessarily limited to):
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The paperwork for your loan
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Copy of driver’s license
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Recent pay stubs
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Basic financial statement, showing monthly income and expenses
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Hardship letter
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Other related items
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Your lender will want an explanation of the circumstances that are preventing you from continuing with your ownership of the property. This is known as the hardship letter. We are available to assist you in creating the letter that best details your particular situation.
After these items are submitted, we go to work in earnest on your behalf. Typically, our efforts will include:
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Handling the paperwork required by the lender
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Bringing the attorney aboard who will be essential in dealing with your lender
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Listing your property for sale
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Marketing your property using our expertise to provide you with the best visibility
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Finding a buyer
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Negotiating a purchase price and terms
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Following up with lender and attorney, as necessary
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Closing on the property
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And of course, our services don’t end at the closing. We’ll remain by your side with resources for credit repair and more.
Check out the benefits a short sale can provide if you have a condo, house or even an investment property that you need to sell with zero or negative equity:
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Avoid foreclosure, a devastating personal event and one of the worst marks on your credit report
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Leave the condo or house without any cost to you, including commissions and closing costs
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Have an agreement that the lender is satisfied in full and will not seek settlement in the future
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Increasingly, stressed property owners are simply walking away, thinking this is the only way out. This will almost certainly result in foreclosure and you will face a variety of serious problems that could affect you for many years. Don’t let this happen. A short sale may be the solution to your situation.
In broad terms, here are some of the requirements that can help determine if your condo, house or investment property is a short sale candidate. Not all of the following points need apply to your situation. Be sure to contact OwnACondo.com for more details.
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You are behind or about to fall behind on your payments
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You owe more on your property than it is currently worth
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You have suffered illness, loss of income or other significant event that prevents you from keeping up on your payments
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Your mortgage interest rate is resetting to a higher payment that you cannot manage
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You need to move for job, family or other reason and your property has zero or negative equity
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The knowledgeable, caring professionals at OwnACondo.com are uniquely qualified to help with short sales. Our team of specialists includes Realtors®, attorneys and credit repair specialists who can:
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Negotiate with your lender to allow your condo to be sold for less than the outstanding mortgage balance
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Make every attempt to negotiate a settlement in full, which means the lender will not seek repayment in the future
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Work to postpone a foreclosure if the process has already begun
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Ensure that you will have no out-of-pocket expenses. The lender will pay the commissions and closing costs
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Help you rebuild your credit
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Remember, the lender typically pays the fees and costs associated with the short sale, not you.
We understand the pinch you may be in with a stagnant or declining real estate market and the slowing economy. If you need to sell now with zero or negative equity, let us provide you with a free consultation.
Although nowhere near as detrimental to your credit as the foreclosure and potential bankruptcy you avoided as part of the short sale, your credit score will still be affected.
The caring, dedicated professionals at OwnACondo.com know that credit counseling can be just what you need to make your life whole again.
The short sale took away the stress, worry and financial burden that you may have thought would be a permanent part of your life if you had gone into foreclosure and bankruptcy. Now it’s time to rebuild the final pieces.
Working with credit repair specialists, we can help you get fully back on track so you can move on.
After all, isn’t that the direction you want to be moving?
Contact us for more information today!
call 866.696.2266 or 
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