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Featured Listings
12 Steps to a Short Sale Fresh Start
The short sale process can vary, but it will generally work as follows:
1) Meet with a us to determine if a short sale is the right decision for your families needs.
2) Execute a listing agreement and we put your property on the MLS and market your home just like any other home NOT in foreclosure or requiring a Short Sale. A client authorization is signed so we can negotiate with the lender. A lock box and real estate sign are placed on your property. We also discuss exit strategies for when the property is sold.
3) A negotiator is assigned to your file and will contact your bank/lender to determine the requirements for a short sale. Since we have built relationships with over 100 banks/lenders we often have the requirements on hand.
4) The lender requirements are given to you so you can begin to gather documentation.
5) We receive an offer from a buyer to purchase the property.
6) We put the short sale package together for the lender including all required documentation and a purchase contract.
7) Once the lender receives the full package they will order a Broker Price Opinion (BPO) or a full appraisal.
8) When the BPO or appraisal comes back the bank will either accept the short sale or begin negotiations with our team of experts to determine the best solution to get the short sale transaction accepted.
9) One of two things will happen:
a) The bank approves the short sale and we go schedule a regular closing, often times closing within 30 days from the date we get lender acceptance.
b) The bank gives us a value they would be willing to accept and we counter offer the buyer at a higher price. The buyer(s) will either accept or we will put the property back on the market at the requested price.
10) Upon lender approval, a closing date will be scheduled and before long the property is sold.
11) We then help you with the previously determined exit strategy. Most of our clients decide to rent after a short sale but we would be happy to help you no matter what your decision may be.
12) You get to move on with your life and sleep easier at night!
Bert Gor
630-836-9030 M-F 9-6
630-842-6000 After Hours
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18 matching
properties were found!
Displaying Page 1 of 2
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$519,000
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| Beds |
| Baths |
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| Lot Size |
| MLS #:
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| 5 |
4.5 |
5000 sq. ft. |
300X384X150X287X243X351X1 |
07247902 |
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| 100% approved short sale- just lost buyer! 5000SF-6
ACRE WOODED LOT*Tudor Estate Home*Horses Welcome*Massive RM sizes
t/out*4C Gar, 4 FP’s ... |
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| Huge Home at a Short Sale Price |
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$269,000
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 4 |
2.5 |
2737 sq. ft. |
0 |
07229214 |
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| Loaded with many builder upgrades & brick front elevation*Almost 3000SF & NO SSA! Tons of hardwood floors/Foyer/Kitchen/Eating area*Formal D ... |
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$189,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 3 |
2.5 |
N/A |
0 |
07223667 |
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| Opportunity Knocks! Put your finishing touches on this one to make it a GEM! Separate Living & Dining Areas w/Maple Hrdwd Flrs-Kitchen w/30” ... |
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$179,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 4 |
3.5 |
N/A |
0 |
07183685 |
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| 4/5 bdrm, 3.5 baths, finished bsmnt-great location! Home needs TLC-seller is facing foreclosure-property rented for past 2 years with good/o ... |
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| Beautiful Short Sale Property |
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$164,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 2 |
2 |
N/A |
0 |
07239863 |
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| Large end-unit townhome w/unfinished basement*2 Full bedrooms/2 Full Baths/2 car garage*Upgraded fixtures, ceramic tile, 6 panel doors and a ... |
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$159,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 3 |
2 |
1620 sq. ft. |
Common |
07316930 |
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| Bank Approved Short Sale in Madison Park! Now we
need a Contract ! No long wait! Original Owner**Unit in VG to Excellent
condition**Owner ... |
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| Short Sale Investment Property |
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$399,900
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| 07134679 |
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| Incredible pre-foreclosure investment! FULLY RENTED bldg w/long term renters all paying on time!*3 flat w/coach house*Unit 1 w/full basement ... |
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$359,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 5 |
2.5 |
2966 sq. ft. |
0 |
07197757 |
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| WHAT A FIND FOR THE RIGHT BUYER WILLING TO WAIT OUT THE SHORT SALE PROCESS**5 BEDROOMS**2966 SF**GOLF COURSE VIEW**3CAR GARAGE**HUGE FR**VAU ... |
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| Huge value to a patient buyer |
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$249,900
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 4 |
2.5 |
2737 sq. ft. |
75X133 |
07235708 |
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| Beautiful 4 bd w/2 story great rm & 1st flr den*FULL BSMNT*Super kit w/big eating area, dark HRDWD flring, maple cabinets w/crown caps*Sink ... |
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$214,000
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| Beds |
| Baths |
| Square Ft. |
| Lot Size |
| MLS #:
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| 3 |
2.5 |
1748 sq. ft. |
0 |
07228733 |
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| 1800 SF/3 bdrm original owner/Brentwood model home Ryland built*2-stry, full basement*Big master w/luxury bath*Separate shower/soaker tub/do ... |
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