Trilogy Property Solutions
Lenders accept a short sale
While most lenders will not be thrilled at the prospect of a short sale they are acutely aware that a foreclosure is usually a far more time consuming and costly option. In a real estate market where housing values are going down it is in the best interests of the lender to liquidate their problem loans as quickly as possible.The Mortgage Relief Act
President Bush will include the Mortgage Relief Act in his initiative to assist homeowners damaged by troubled mortgages. The Mortgage Relief Act, would change current law that forces individuals to pay an income tax when they have had a part of their mortgage loan forgiven or have been forced to foreclose because of their inability to pay their mortgage. The Mortgage Relief Act will relieve families of a tax burden when their lender forgives part of the mortgage on a principal residence.Our services provide many benefits to you, the foreclosing lender. Often, any and all parties involved with the sale of a property (agents, attorneys, buyer, seller, etc) don’t know what a short sale is, much less how to do one, and even less likely…all the intricate details that go along with them. Working together with our company on a common goal and being part of a team that has successfully completed over 500 short sales has a lot to offer your negotiators, your shareholders and your institution. Our company will bring the experience and useful resources to the table that are necessary to get the results that will end in a win-win for all parties involved.
How does a short sale benefit me? There are many benefits and services that we offer to you, the foreclosing lender; however the obvious benefit is that we get the property sold for you. We handle all of the legal aspects of the short sale and settlement process, including any negotiations with other lien holders involved with the property. We’ll provide clear title for a successful transaction, as well as prescreen all incoming buyers to make sure they’ll be able to get qualified to purchase the property.
For starters, we’ll make sure that the short sale package you receive is complete and professionally put together, so that you don’t have to waste time trying to figure out what you’ve been sent. We’ll also bridge the gap between you and the homeowner, so you don’t have to make endless calls that lead nowhere since the homeowner will most likely not answer your calls. In addition to opening a line of communication between you and the homeowner, we also will have open lines of communication with the Real Estate Agents and Attorneys.
Above all, know that we are working for you to try and recover as much of your debt as the local market will allow!
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