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We work to do a WIN-WIN-WIN deal with all parties involved by negotiating a short sale with the bank. A short sale is when the mortgage company will take a lesser amount than what is owed on the house and to sell to someone who will buy it quickly. This allows the homeowner to avoid foreclosure.
A Win for the bank:
The bank or lending institution does not want to complete the foreclosure process because it is very costly for them to do so. There are many expenses such as attorney fees, appraisals, realtor costs, etc. that all add up to make for a very expensive situation for them. It makes sense in most cases for them to cut their losses and move on.
A Win for the homeowner:
The homeowner will be able to avoid the pain and hassle of the whole foreclosure process. The certified letters, the phone calls, and the overall headaches will stop with a successful short sale. The credit of the homeowner will also reflect that a foreclosure was not completed which will help with their overall financial health and make it easier for purchases in the future.
A Win for Valor Real Estate Solutions:
We will be able to buy a house for less than market value. We profit not from any fees the homeowner has to pay but from the difference of the current mortgage balance and what the bank will settle with for us helping them cut their losses.
Again, We will NEVER charge fees for any reason to the homeowner.
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