Short Sale Process
Are you afraid that a foreclosure could be in your future? Have you fallen behind on your monthly payment? Do you need to know what to do next? Want to know if the Straub Milito Group could assist you?
There are so many details and steps involved in a short sale; it’s easy to see why some real estate brokers prefer not to be involved and homeowners are left without proper options. Our goal is to ensure that our clients receive the proper information to make a smart decision, experience a smooth short sale process and complete a successful closing. We stay involved throughout the short sale process, from start to finish. Count on our certified short sale professionals at the Straub Milito Group to help you. We have successfully closed over 100 short sales, completed short sale and foreclosure courses, REBAC, CRS and are National Association of Realtors: Short Sale and Foreclosure Resource Certified.
Free private consultations are available Monday through Friday from 9:00am to 6:00pm and Saturdays from 10:00am to 2:00pm. Please call today to schedule your free confidential appointment. Your privacy is extremely important to us and therefore, we don’t share your information with anyone, period. Contact us today at 312-730-8719 or e-mail us.
The short sale process is complex with many steps and requirements. However, the Straub Milito Group has made it look easy with their qualified team of experts.
So, why would a bank accept a short sale? Simple, 1) they do not have to go through the eviction process, 2) it saves them the expense of the foreclosure process, and 3) it removes another Toxic Loan from their books. Below is each phase of the short sale process:
Qualify the Seller and Property
Verify the Seller does not have Resources to Satisfy the Mortgage
Initial Listing Contract and Property
Preliminary Walk-Thru and Inspection
SMG Short Sale Marketing Campaign
Price to the True Market
Input to the MLS
Request a Preliminary Title Examination
Stay on Top of the SMG Marketing Campaign
Get Organized for Lender Talks
Contact the Lender
Position the Home for an Offer
Receive Offer & Counsel the Buyer
Agreement/Contract of Sale
Present the Contract
Prepare Short Sale Submission Package
Confirm Receipt by the Lender
Determine the Negotiator
Schedule and Meet the BPO Agent
Challenge the Broker Price Opinion w/ Price Analysis, if applicable
Settlement and Closing
Follow-up and Thank You
For more information, call our team of short sale experts at 312-730-8719.