How to do a Mortgage Short Sale on your House?

In this article title “How to Do a Mortgage Short Sale“, the steps to short sell your house are outlined very well. The article goes on to explain that you should contact a short sale Realtor, and request the short sale paperwork from the bank.

Unfortunately one key step is not highlighted in the appropriate manner. You need a buyer to short sale your house. The article mentions that you should not move on to the next step until you have at least one offer on your house. What it doesn’t say is that the bank will not even look at your short sale packet until you have an executed purchase contract on your house.

Once you have a buyer for your short sale house, then you can submit your short sale paperwork and get started on the negotiations phase of the short sale. The bank is just willing to accept any offer, they are looking to get as high of a price as possible. That’s why it’s beneficial to work with a short sale investor that can put in an executed purchase contract early in the process and get the negotiations started early.

When you are ready to start the short sale process, contact a short sale investor in your area. This investor will have the contacts and experience necessary to guide you through the process. A short sale investor will help short sale your house and work with you to get your house sold before foreclosure.

Bottom line, read this article, “How to Short Sale My Home“, contact a short sale Realtor or investor and avoid foreclosure. And remember, a short sale is better than a foreclosure.

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How to Short Sale My Home

How to handle a real estate short sale on your house.

When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.  Because of the complexity involved in a short sale, it is advised to consult a real estate professional.  Real estate agents and short sale specialists are typically your best bet.  These professionals have established relationships with all the major lenders and can give you insight about the financial and legal obligations.

In a short sale, you will need to provide documentation to your lender.  Typically the lender will want to see a hardship letter, financial statements, tax statements, purchase contract, listing agreements, and paystubs.  A short sale realtor or professional short sale investor will be able to help you collect these documents and create a short sale packet.

The short sale packet needs to be submitted to the lender’s short sale department where it can take weeks to process.  A short sale is anything but short.  In fact, many short sales can take 3,6, or even 9 months to complete.  Expect a long drawn out process.

As you can see, the short sale process should not be handled yourself.  Find a professional short sale specialist in your area that has a proven track record.  Short sales are specialty, not something that every realtor can handle.  It takes months of time and effort plus specialized negotiation skills to get a short sale completed.  Talk to the short sale experts today!

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Need to Sell My House Fast! We Buy Houses for Cash

Do you own an unwanted house and need to sell it fast? Is your house vacant?    Is it in need of  repairs?  Are you relocating? Are you in foreclosure?   Behind on payments? Divorce?  Do you have bad tenants?  Estate sale? Owe liens?   100% financed?   Fire damage?

These are common problems that can happen to anyone! We buy houses every day from people in situations just like yours in almost any area or price range.

How can we help you? – We Buy Houses!

We will buy or lease your house!
We can make your payments!
We will make any needed repairs!
We will pay all back taxes!
We will handle all the paperwork!
We specialize in quick closings!

We buy the HANDYMAN specials.  We don’t mind if it’s an UGLY, run down house.  We purchase houses in ANY CONDITION.  We also like those “pretty houses” in better areas.

We can stop foreclosure, close quickly and help you maintain a respectable credit rating.  We buy and negotiate short sales. If you’ve found yourself thinking “I need to sell my house fast” our creative real estate strategies can help.

We have the experience to help you out of the most difficult of financial and life situations.

Contact us today!

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Short Sale vs Foreclosure, Why a Short Sale is Better

If you are considering a short sale instead of foreclosure, here are the top reasons why a short sale is better for you and your family.

1. Credit Score -After a short sale, a credit score will be damaged by as little as 50 points. In most cases only mortgage lates will be reported. Credit will start to improve in as little as 12-18 months.

2. Credit History – A foreclosure will remain on a credit report for 7 years or more.

3. Employment – A foreclosure can effect employment in particular sensitive positions and security clearances. On top of this, when applying for a new job, a foreclosure is one of the most detrimental credit items an applicant can have.

4. Buying another home – A seller who wants to buy another home after foreclosure will end up waiting about 24 to 72 months before a lender will offer any kind of interest rate that makes sense.  The good news is a short sale will allow the seller to obtain a loan for a new home within two years.

5. Avoid bankruptcy – A short sale may prevent bankruptcy, which could enable the homeowner to possibly re-purchase a home and secure a mortgage without the delay associated with a foreclosure

When making the final decision on whether a short sale is the better option, homeowners should consult with a professional short sale specialist.

If you are thinking, how can I sell my house fast?  Contact Done Deal Solutions today!  On the web at or by phone at 602-956-2274

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Buy my house fast! I need to sell

If you need someone to buy your house fast, where can you find them?  Do real estate agents have buyers lined up waiting to buy your house?  Will you have to make repairs and pay real estate agent commissions?  What if you don’t have enough money or equity for pay for fees and commissions?

Finding someone to buy your house fast can be challenging.   Often the best way to find a buyer is the internet.  Done Deal Solutions will buy my house fast!

There are many reasons why someone may need us to buy their house fast. Time are tough right now, so getting money from selling your house can be very helpful. Someone that have bought a new house and cannot afford two mortgages may need to sell their house quickly. If the seller is facing foreclosure and has a job transfer, they may need us to step in and buy the house within days.

What does a cash home buyer do for me?

We buy houses for cash. What does that mean to you? It means we can buy your house in days, not months. You don’t have to pay fees, or agent commissions. You don’t have to fix up your house or even clean it. We will buy your house in as-is condition, renovate, repair, and upgrade your house. The fact that we can buy your house fast is the biggest bonus. In a tough economy, the faster you can sell your house and get paid, the better. We will buy your house when you cannot afford to wait. Contact us now!

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