Short Sales

short sales in a nutshell

There is a lot of talk about short sales and many brokerages are claiming they are specialist in this field. We are not one of those firms that claims to know it all. It is much more difficult than it sounds and many lending institutions are reluctant to even talk to someone about it. Austin Property Team has partnered with a loss mitigation firm called Superior Loss Mitigation. They have been doing short sales for 8 years and have helped 300+ households either prevent the mark of foreclosure or at times even save their homes.

There is plenty of documentation online describing the process for a short sale but without experience and knowledge of how to negotiate with these lending institutions it can be a very frustrating process.

A “short sale” means the lender is accepting less than the total amount due on the note. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; however, you must remember that banks don’t want homes or the headache of preparing a home for resale. They are in the market to lend money. Unfortunately, not all sellers nor all properties qualify for short sales. However, it is very important to have a specialist analyze your property and “qualify” it before even considering the acceptance of foreclosure.
Check out this website www.nafpp.org and look for certified individuals in Central Texas. This is the better business bureau of foreclosures. The owner of the company we partner with, Superior Loss Mitigation is Aaron Ayotte.

We truly believe our methods are about the most effective in the industry and would be happy to provide referrals upon request. Email us at info@austinpropertyteam.com to learn more about this process.

If you still would rather gather information prior to speaking with us please call our
24 hour hotline with an automated recording to learn more. (888) 247-5506 x90001