Click HERE to Search Short Sales
CLICK HERE FOR FREE E-REPORT
Short Sale or Foreclosure Sale?
Have you been threatened with foreclosure by your lender? It starts with a Notice of Election and Demand for Sale. This is the beginning of the foreclosure process.
You may want to consider a Short Sale or
Pre-Foreclosure sale This is where you owe more on the house than its Fair Market Value. Usually their is no equity in the house or in the case of rental property little or no cash flow.
Advantages of a Short Sale
1. Avoid Foreclosure
2. Redussed Stress, a weight lifted off your shoulders!
3. Negotiated settlement of liability on the amount of the debt owed to the current mortgage holder or lender.
4. Less costley to the Lender
  5. Avoid Bankruptcy
How to Have a Successful Short Sale
1. Hire a competent Realtor :
An experienced RealEstate Broker can advise  you on the correct listing price, negotiate offers with the buyer and lenders, help you collect the items needed in a Short Sale Package to Submit to the lein  holder to get the short sale approved so you can move on. If the short sale is accepted the Real Estate Broker is paid by the existing lender.
2. Negotiate with the Senior and Junior Lein Holders:
The senior lein Holder (first mortage holder) must be convinced that they are getting the highest value the market will allow and that it is less expensive to accept the short sale than foreclose on the property. The Junior Lein Holder (second mortgage holder) must be convinced to release the second mortgage. Many  times this invloves the Real Estate Broker negotiating with the 1st mortgage holder to agree to pay the second lein holder a nominal fee. "Something is better than nothing!"
3. Provide a "Short Sale Package": The purpose of the "short sale package" is to prove "hardship" to the lein holder. What happened to put you in this position? How do you prove hardship? The lender is going to require:
       a.   2 to 3 Months Bank Statements
        b. Hardship Letter
        c.   Recent Pay Stubs
        d. Tax Returns
        e. W2's or 1099's
        f. Hud 1 Settlement Statement for All Lein Holders

Owners Action List!
Call Realty World Now!   303-996-2501
1. Hire a competent Real Estate Broker
2. Complete the Colorado Approved Listing Agreement, Foreclosure Addendum, and Required Disclosures .
3. Order and Complete the "Short Sale Package"
4. Provide all Documentation from the Lender or the Lender's Attorney
Get the Answers to your Questions Now! Call Realty World at
     303-996-2501

	Your Contact Information (Please complete all fields)
		First Name: Last Name: Cell Phone: Daytime Phone: Evening Phone:		EMail: Street Address: City: State/Province: Zip/Postal Code:

Comments:

To make sure that we send you the right information to help you in your current situation, please indicate which report you want to receive:

If you are planning to make your move in the next 6 months or less, you'll need to organize yourself quickly. However, even within this short time frame, there are many issues you can address. Please order Report #1.
If you think it will be longer than 6 months before you make a move, there are a greater number of issues you can address. Within this longer time frame, the choices that face you are a little broader. Please order Report #2.

Report:

Realty World Colorado Homes 4 W. Dry Creek Cir. Suite 260 Littleton, CO 80120