Below are some stories from other people who have used us to short sale their house.
The housing market has sucked for a
couple years. We were trying to keep up with the McMansions.
Times hit home and the best thing besides losing your house
totally is a short sale. your credit can be repaired in a
short amount of time and you can get back on track and start
again. It beats being foreclosed upon or going bankrupt and
then you're looking at years of hardship or recovery. My
advice is when you come upon a situation where your house is
not worth as much as you can sell it for is to look into a
short sale. I'm not the most trusting person out
there. I was skeptical of the plan they put out there. I've
met bucu agents and seen their flashy plan. They follow thru
with it. We closed a couple days ago and it was as smooth as
you could expect it. I didn't want to give them a shot. They
tell you the truth and they will do what they say they are
going to do. But, I would highly recommend them to my
friends, family, co-workers or anyone else is in this
situation. When you're in the situation with a short
sale, sometimes you can't make that monthly payment. This is
a huge burden off mine, my wife's, and my family's back and
heart. It relieves a ton of stress. When you can't make a
payment, or you're behind, it becomes stressful. Don't try
to hold out until the end. Get the process started and get
on the road to recovery. --Eric Pugh
I bought a house with my fianc�. He ended
up going back home. He was the major breadwinner and I
couldn't afford the house anymore. I put it up for sale and
it ended up on the market for a year and a half. My previous
agent was very nice, but she admitted that she didn't know
much about short sales. I worked with the bank a little bit,
but they put me off. I had to all kinds of crazy paperwork
and I didn't know what I was doing. Eventually my lender
told me that I was not allowed to list my house anymore and
that I basically had to let it go into foreclosure and ruin
my perfect credit. They said "No cost to you, we can sell
your house." I thought they were full of it, but I found out
they weren't. They sold my house and I didn't lose a penny.
Of course, it did affect my credit a little bit, but nothing
compared to a foreclosure. I definitely recommend them and
think you should use them when you can. --Jennifer
Hoover We found ourselves in a pretty sticky
spot. We bought out house at the wrong time and we were
about $80,000 upside down. That was strangling us. We put it
on the market to no success until we got them involved. They
got the banks to take a fair amount and everything went
great. Kept us in the loop and got out house sold. It's just the biggest relief. Being in
financial trouble is just one of the hardest things any
family can endure. Getting rid of that is getting rid of a
ton of weight. being able to move on and build a new life.
They were true to their word. Every time they said they
would be in touch with us they were. I would say the strong follow up and
keeping us in the loop kept us feeling real good as to what
was going on. Even when there were a few bumps in the road
(which had nothing to do with them), they kept us up to date
as to what was going on. I felt like they were fighting for
us every step of the way. I'm in sales myself and obviously there
is a temptation to oversell and sell more than you could
deliver. That is far from what I experienced with them. They
under promised and over delivered. I was very happy with the
service. I could tell that they were making things happen
that are difficult for most people. They are able to
navigate thru the system already. If you were my friend I
would recommend them to you. --Christian & Lindsey
Jorn We were very happy that they were able to
move the property at a time that was very crucial. We hired
someone to sell our home that didn't know what they were
doing. They were new to the business. but, then when we
hired them, it was amazing. We really appreciate all that
they did for us. At the time, it became very crucial that
we sell. It became very tiresome in terms of some of the
things that came up. But, they stayed after it. They were
tenacious. They were able to move our house at a very
crucial time. If we had not been able to move our house when
we did, we would have had more financial problems. We didn't
know them. But, we received a flyer and were very
skeptical. We had been burned several times. We took a
chance. Everything that they said they would do, they did.
We would recommend them. I'm sure there are others out there
that are facing crunch time in terms of moving a home. They
came thru for us and we would highly recommend them.
--Mike & Wendy Monaghan
Moe Matrajt As everyone knows, times are rough these
days. My wife and I got caught in a bind. In the beginning,
we thought we could save the home. When we called the bank
to find out our situation, we learned that we owed $360,000.
We learned that there was no way to save our home without
owing thousands of dollars. We walked out absolutely debt free. The
bank took $160,000 off our payoff on our house. By the time
we found out that we were getting out without owing any
money whatsoever. Do the math. We managed to save over
$2,000 a month. We got a nicer house with a pool. The kids
love it. We are absolutely in heaven. This was the best move
we ever done. Being that my wife has a finance background I
know that in two years we will be able to get back on our
feet and buy another house. I can't say enough about them. They were
absolutely outstanding. They took care of everything. We
just had to sign our paperwork and walk away owing zero. If
you are ever think about doing a short sale, give them a
call. They will walk you thru the steps and take you right
out of your debt. I think most people probably don't
realize what situation they are in. They don't really think
that there is a way out. They don't really think there is a
way that they can get rid of a $350,000 house and walk away
and being $150,000 upside down, and just walk away without
owing any money. They did it, they succeeded and delivered
the goods. --Moe Matrajt
Clay Hunter When we worked with them, the sale went
great. So many people think they have to owe so much money
back. That's not true. They got the short sale thru without
a deficiency. I have zero promissory note. A lot of people
say banks just don't write off that much money. If we had a
$100,000 debt hanging over our head, it would probably be 10
years before we bought another house. We might even have had
to go bankrupt. There was no work on our behalf. I sent
them the documents and answered the phone a couple of times.
That's all I had to do. They did all the work. I am an
engineer by trade and tend to be very thorough. I felt very
comfortable using them. When they sold our first house, they
helped us so much that there was no question on the second
house. Because we had worked with them before, we decided to
do the short sale after you recommended it. We wiped out
over $100,000 in debt. Everyone says they are short sale
experts. We were really pleased working with them. They
pretty much told us what would happen and it happened. They
didn't make any promises they couldn't keep. We've already
recommended them to some of our friends and will continue to
recommend them when we're asked. --Clay Hunter
Michael Souri I think you guys were professional in the
process from day one. You said what you were going to do and
you did it. It means that I got this property out of my
hair. The stress and the taxes and all of that getting paid
off is a big, big help. I would recommend them because they
came thru with what they said they were going to do. You
said you were going to do something and you did it. I owed $160,000 to the bank and it feels
great to wipe out the debt. Even though I lost a lot of
money on the house, it feels great to have it out of my
hair. --Michael Souri My husband lost his job and in doing that
we went from a dual income household to a single income
household. Like most Americans, we were living with
1-2 months savings. So, we had to look at all our options.
We listed our home another agent and needed the house to
sell. We stressed that we needed to sell quickly to keep out
of a short sale or foreclosure situation. It didn't seem to
come across to her. One of the hardest parts for me was that
we owed so much on our house. The market had changed. Houses weren't
valued anymore what we knew they were worth. But, the market
value just wasn't there. We didn't want to get involved in a
process where we were going to have to come out owing money.
We didn't have any money to pay. We had limited funds for
every single bill we needed to pay. We were able to walk
away without owing anything. Even though we don't still have the home,
we are able to breathe. I had looked at all the options:
deed-in-lieu, foreclosure, short sale. All of them other
than short sale you have to pay money back. I was going to
owe over $70,000, or even more. I was going to have people
hunting me down for 8, 10, or 11 years. Everyone needs to be
able to start off again. Now, in 6-12 months my credit
should be back and I get to start over. I can be a homeowner
again, which is a big deal to me. They could empathize with us and respect
us for the difficulties we were going through. They never
tried to put undue pressure on us. We just had an ease of
comfort level with them. --Jessie Pugh
Pat Carden I worked with the Stop Foreclosure
Institute. I was
despondent over my house. I called them and they helped me
out of a very bad situation. Lo and behold the house is
gone. They stuck right by me the entire time. They followed
thru on everything that they said they would do and are
going to stick by me with everything I need. All you have to
do is call them to get an answer to any questions that you
need. I'm out of town and when I call, they answer the phone
right away. With all my heart and respect, I thank you with
all of my heart. --Pat Carden The Benefits a Short Sale Offers There are many
reasons that a short sale is better for you. We put together
the comparison below so you can see the advantages a short
sale offers and compare them for yourself. Issue Foreclosure Short Sale Can I get a Fannie Mae Loan in
the Future? The current Fannie Mae Guidelines
require you to wait 5-7 years before getting a new
loan. Current Fannie Mae Guidelines
allow you to purchase another house after 2 years. Can I get a future loan from any
mortgage company? Any future application will
require you to answer the question, "Have you had
property foreclosed upon or given title or deed in
lieu thereof in the last 7 years?" you'll have to
answer that question yes. You can state No because you
short sold your home. You only have to say yes if
the bank completes the foreclosure. Credit Score Impact Your score is typically lowered
by 250 to 300 points, or even more. This often stays
on your credit score for over 3 years. Only late payments show up. After
a short sale, the mortgage is normally reported as
"paid in full, settled." This lowers your score as
little as 50 points if all other payments are being
made. Oftentimes, this is off your credit report in
as little as 12 months. Will I owe the bank any money for
the shortfall? Many lenders take 12-18 months to
foreclose upon a property and resell it. This
dramatically increases the loss and makes any
deficiency judgment potentially bigger. Few lenders ask for a promissory
note on a short sale. When they do ask for one, they
request the borrower repay them a percentage of
their loss. As an example, on one property we sold,
the bank lost over $120,000. They settled with the
seller for $25,000 to be repaid over 15 years with
zero interest. The seller's monthly payment was only
$138.89. Please contact me to get started on a
short sale. I will discuss your situation with you and
answer any questions you have. You can call me at (909) 581-2100, or put your info into the form below. I will
contact you and give you whatever help you need. John Paul Dauber
Richard Groom
They have been very cordial in understanding our emotional
attachment to this. They explained everything to me. It
wasn't something like I had to guess. When I was upset or
mad (not at them, but at the bank and the situation), they
calmed me down and they were great. They helped us through a
very difficult situation, which I don't want to see anybody
go thru. But, should it happen, I highly recommend them.
When this happened, we didn't know what to do. When this
happened, we didn't know which way to turn. I got on the
internet. I looked for answers to get us out of our
situation. All I found was different people trying to sell
you something. They say, "For $1,000 we'll do this", or "For
$500 we'll do this." We actually sent $1,000 to a guy to
accept a loan modification. However, they came back with a
$200 increase in the payment. We couldn't afford that. When
we got their letter, it explained everything. They made it
so tolerable. The letter said that we could survive through
this, that there is life after this. We can't recommend them
enough. They are genuine. When you have a question you call
them and they give you the answer.
--Richard Groom 
Juliana Beville
It feels great. It feels like a huge, huge weight is off of
our shoulders. We can breath and can now make our financial
decisions based on a release of debt. I am in sales and
being able to do what you are telling your customer you are
going to do is huge. That is it. If you don't do that, then
you're not a professional. You did that for us. You told us
your were going to short sale the home and you did,
regardless of how long it took you.
The relief was huge. I was able to focus back on my job and
my children. An attorney friend of ours told us that most
short sales don't happen. I think he said the number 80% to
85% don't happen. I freaked out and didn't think you were
going to be able to get the job done. My house is taken care
of and is sold.
