1. Fill out quick questionnaire. (there is one at the bottom of every page)
2. Valor Real Estate Solutions (V.R.E.S) representative calls and has a brief conversation about the homeowner’s situation. The conversation is free and confidential.
3. Representative evaluates situation and makes the decision if homeowner qualifies for our services.
4. Homeowner collects documents needed for V.R.E.S. to present Short Sale packet to mortgage company. Click here for needed documents.
5. Homeowner meets with V.R.E.S. specialist with needed documents and has additional documents signed and notarized. These documents give control to V.R.E.S. to speak with the mortgage company concerning loan and to purchase and sell property if an agreement is reached.
6. V.R.E.S Short Sale Team contacts mortgage company or companies and attempts to work out agreement to allow V.R.E.S. to buy house for less than the mortgage amount and thereby allowing the homeowner to avoid foreclosure.
7. V.R.E.S Short Sale Team is either successful or not in negotiating a short sale with bank. If they are successful, they close quickly on the property, if they are not, homeowner is in the same position they were in before dealing with V.R.E.S. The success ratio is a little over 7 out of 10.
