This website is for homeowners who want to short sale their home, if you are an investor or real estate agent go here for short sale websites or leads


Stop Foreclosure! Find A Buyer For Your Home

 
Do you want a principal reduction to pay off your home loan?
Is your home mortgage greater than your home's value?
Are you tired of giving your hard earned money to Wall St. bankers?
  • If you answered yes to any of these questions then a short sale may be the right solution.

Treasury Department Issues Guidance On Short Sales (Washington D.C.)The Treasury Department has issued long-awaited guidance to streamline short sales.  Under "The Home Affordable Foreclosure Alternatives Program" the Treasury will be issuing checks to homeowners for $3000 and require lenders to respond within 10 days... more

FILL OUT THIS SHORT FORM OR CALL 1-888-423-0357 TO FIND A BUYER FOR YOUR PROPERTY

Name
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Home Phone ( ) - - (one valid # required)
Type of House 
Current Value
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Who is your lender?  Are you behind?  List other information that may be helpful. 


(Example: Ocwen, 3 payments behind, Notice of default filed 11/03/08. Maximum 255 characters.)

All information collected is treated as strictly confidential and will only be used for the purposes of a foreclosure loss mitigation or short sale consultation. We will never sell your name to a third party marketer.  You agree to allow our consultants to call even if you are on the do not call list.


What happens after I fill in the form?

Within seconds your request for a consultation is routed to investors that are buying homes in your area or a real estate agent that can arrange a buyer for you.

National Mortgage Help Center | Commercial Modification Services | Commercial Short Sales

 

 


What is a short sale and how does a short sale work?

Simply put a short sale is when you sell your house to a third party and the bank accepts an amount less than the amount you owe and forgives the difference.

If your property value is less than the amount you owe on your home, then it doesn't make much sense to continue owning that home.  A third party buyer can make an offer to the bank to pay off your loan. 

Example:  Let's say you bought a home in 2006 for $250,000 with 10% down.  Similar homes recently sold for $175,000.  You owe about $220,000.  Let's also assume your payments are $1700 per month and you could rent a similar home for $1200 per month.

A short sale buyer will make an offer to the bank to cash out the lender at a discount to the face value of the loan.  If it is accepted, you can walk away from the $220,000 debt and owe nothing. The bank relives you of the debt and does not show a foreclosure on your credit record.

Now instead of putting good money after bad and continuing to fund a losing investment, you can rent and save $500 per month.