Step 1. Gather Information
We will get the following information from you, which is needed to prove your financial insolvency:
• Bank Statements
• W2s
• Paycheck Stubs
• Property Tax Bill
• Homeowner’s Insurance Policy
• Monthly Bills
• Additional Liens
• Hardship Letter and Documentation
• Bank Statements
• W2s
• Paycheck Stubs
• Property Tax Bill
• Homeowner’s Insurance Policy
• Monthly Bills
• Additional Liens
• Hardship Letter and Documentation
Step 2. Communication with the Lender
In order to speak with the lender on your behalf, we will need to obtain and submit your written authorization. Then, we will call the lender and ask for the Short Sale application packet. We will communicate with the decision-maker in the loss mitigation department directly and regularly for updates.
Step 3: Develop the Proposal to the Lender
We will develop a well-organized, professional proposal for the lender.
Step 4. List Your Home
Most likely, we will initially list your home at full market value or just below, as the lender would want to see that we are trying to get as much out of the property as we could. Next, we will lower the price until we receive offers.
Step 5: Obtain an Offer & Submit a Proposal
Once we have an offer, you will need to approve the offer. We will then submit the offer, along with the proposal packet, to the lender for approval. If your lender accepts the initial offer, the buyer must be able to close in 30 days.
Step 6: Negotiate & Close the Deal
We will negotiate with your lender(s) and get the acceptance letter. In our negotiation, we will ask to report the short sale to the credit department as “Paid as Agreed”. We want the lender to report it as “Settlement in full” with a full release of the lien. Typically, the deal must close within 30 days of the lender’s acceptance. The buyer has to be ready with cash or funding. Seller does have to attend the closing.
ABOUT US
Whether You Are Are Buying or Selling, You Need a Right
Short Sale Specialist!
Our experienced Doylestown short sale Realtor, Lori McGoldrick CDPE/CIAS, can help answer all of your short sale and foreclosure questions and share with you the solutions that can help stop the foreclosure action.
Lori McGoldrick
(267) 356-4777
As a lifetime resident of Bucks County, PA, Lori McGoldrick has been serving the local community as a Realtor since 2008. She is a Certified Distressed Property Expert (CDPE), a Certified Investor Agent Specialist (CIAS) and has consistently received industry awards for achievement and production since 2010.
• Provide necessary paperwork for your Short Sale Process.
• Be responsible for all contact with your lenders and banks.
• Negotiate with your bank on behalf of you.
• Closed many successful short sales in Pennsylvania.
• 100% FREE short sale services to our clients!
“As someone who has had the pleasure of working with them in what I have to consider a very difficult real estate situation I would like to take this opportunity to assure you are in good hands. He handled everything efficiently and professionally. I have worked with him for the past few months in order to buy a home that was in a short sale. As I mentioned before what I thought was going to be a nightmare turned out to be a very pleasant as well as profitable experience. I found him to be an extremely pleasant and helpful person to work with. Doing everything possible in order to accommodate my needs. One of his best qualities is listening to exactly what I wanted and then with his extensive knowledge answering all of my questions. If you’re considering listing your house for sale or especially if you are considering purchasing or selling your home in a Short Sale situation then without a doubt I highly recommend!”
Justin Braun
Doylestown, PA
“Thank you for helping us out. We are so happy to be done. We are so impressed with how fast and efficient he is. We had been struggling with selling our home using various methods for a period of 18 months with no success. Once we decided to use his services we closed in less than 6 weeks. When required to negotiate with the bank, he was very professional and effective. Above all, he was compassionate regarding our feelings and sincerely wanted us to have a fresh start. We highly recommend to everyone!”
Kenyon Streich
Doylestown, PA
DOYLESTOWN SHORT SALE REALTOR
A short sale is a real estate transaction where a homeowner is facing hardship and gets permission from a bank to sell their property for less than they owe on the mortgage. If your house in Doylestown, PA is worth less than what you owe on the home loan, a short sale maybe your best alternative to foreclosure.
Short sale requires a unique set of skills for a real estate agent and the short sale approval can very much depend on how your agent negotiates with the lender and buyer. Our short sale team has a high success rate on approvals from the banks and closed short sales in Doylestown, PA 18901, Bucks County, New Hope, Warminster, Newtown, Quakertown, Ottsville, Perkasie, Chalfont, Warrington, Pipersville, Jamison, Furlong, Kintnersville, Erwinna, Riegelsville, Washington Crossing, Dublin, New Britain, Buckingham, Line Lexington, Carversville, Sellersville, Lumberville, Mechanicsville, Trevose, Feasterville Trevose, Holland, Richboro, Richlandtown, Upper Black Eddy, Durham, Souderton, and Hatfield, Pennsylvania.
Bank approves short sales when they believe a hardship situation exists, however, hardship is not only determined by how much money a person earns but also it factors in a person's expenses, especially if expenses have increased and income has decreased.
Stop Foreclosure Doylestown PA
Let our experienced Doylestown short sale Realtors help you avoid foreclosure in Doylestown, PA. We will negotiate directly with your banks to get short sale approvals for you. Our goal is to reach out and educate homeowners who are behind on their mortgage or think they soon will be. We have solutions that may save your credit and enable you to start fresh.
Doylestown short sales are complicated but, can help sellers who owe more than home is worth. A short sale occurs when a property is sold for less than the total debt owed on the property. Doylestown short sale must be approved by the lenders and borrowers requesting a short sale must prove a hardship such as a mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation.
Our professional short sale service is totally free for our clients. Contact us for a free confidential consultation today!
Doylestown Short Sales
The very easy availability of loans and a number of connected methods like the payment of equal monthly installments has made purchasing a house an easy job. With the rapid development of real estate company in Doylestown, PA you can rapidly intend an excellent home for yourself now. Nevertheless, lot of times, such investments can end up being risky. Mortgages on a house as well can show to be the hugest threat feasible. You commonly can not concern terms with the area. At the same time, there are lots of opportunities that the value of your home can decrease instead of valuing. As a result, the value of money that you have actually spent on the house is far more than its present value. This ultimately becomes a greater issue, if you purchased your home on a home loan. To this rescue, comes a hearty option called a Short Sale.
By doing a short sale in Doylestown, Pennsylvania, we merely mean that you can sell your undervalued house to another buyer with the approval of your bank. If the amount owed to the financial institution occurs to be more than the amount you will really get, in case you sell your home, after that the best choice would be to do so. If the bank accepts a short sale, you can sell the house to a home buyer at its decreased value as well as obtain the balance crossed out by the bank. Typically, the bank writes off your equilibrium from its account. The amount not paid by you shall be revealed as income in your accounts by the bank.
Short sale Doylestown just occurs when there is an outright guarantee that the money value of your home can not increase in the future. In order to avoid the risk of a complete loss, the bank typically accepts the decreased amount of short sale.
Risks likewise exist if you are the one that purchases short sale homes in Doylestown, PA. There are numerous usual mistakes that individuals make when they purchase a home for themselves in short sale. If you are purchasing such a house, then you must carefully inspect the condition of the property. Real estate investment will just pay if the house remains in good condition. Another typical mistake is that of neglecting house problems. You need to make sure that there are no forgeries or legal issues with the property that you are purchasing otherwise it might lead to bigger problems in the future.
CONTACT US
Our experienced Doylestown short sale Realtor, Lori McGoldrick is knowledgeable in the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help struggling homeowners regain peace of mind and a sense of stability for the future. Foreclosure situations tend to be extremely time sensitive. The sooner you start, the more options are available. So, don’t wait any longer and call us today!
Lori McGoldrick
(267) 356-4777
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