Learn How We Work
You can expect the following:
- We can communicate with the Seller for all documents so you don’t have to.
- We provide weekly updates to Agents and Sellers.
- We assist in clearing title defects.
- We prepare the HUD-1 form necessary for short sales.
- We are available to assist you at closing.
We have a 97% approval issuance rate. This is due to setting proper expectations from the first phone consult and passing on files that we believe won’t get approved.
We are creative and we will work with most files but, transparency is important.
In most cases, we are able to secure an approval within 60-90 days. Clean files with cooperative banks will reduce that amount of time. Files that have additional factors will take longer. It is important that you and your Sellers are extremely transparent with us so we can take problems head-on at the beginning of the file instead of us finding out later, further delaying the approval and closing.
Our standard fee for processing is 1% of the sales price. However, we always attempt to have the short sale bank pay all or most of our fee. In these cases, our services are almost free to you.
Always take a short sale listing at 6%. This fee will be approved 90% of the time.
When unforeseen issues arise such as secondary liens, IRS liens, open water bills, other judgments, etc., we charge an extra .25% (1/4th of a percent) per lien or judgment. Again, we ask the bank to pay all or most of our fee.
Example: If a First and Second mortgage must be negotiated in order to close, our fee will be 1% + .25% for a total of 1.25% of the sales price.
To get started, call us at 516-960-6456. We will ask you a few intake questions to determine if we are a good fit for you.
If you agree to proceed, you’ll be emailed several forms in which you must return before we begin working on your file.
You can also fill out the form below to get started. We’ll do a bit of research and reach out to you.