Some homeowners have been able to keep their homes through government-sponsored loan modification programs such as HAFA and HAMP, but not as many as anticipated...
Unfortunately, many homeowners who were once eligible for a temporary loan modification program now do not qualify for permanent loan modification solutions. Most of these situations fall through the cracks and become new foreclosure victims.
And surprisingly, many lenders are not required and are simply unwilling to cooperate with homeowners who are asking to participate in loan modification programs. They can make more profits by foreclosing on the homes!
For too many Colorado homeowners, bankruptcy, foreclosure and even eviction from their family home become an unnecessary realty when time, money, and available options run out.
A better "Plan B" scenario for many homeowners is to sell the property before time runs out and the home goes to the County Public Trustee Foreclosure auction...
If a work-out plan to stay in the home is not a viable option, and if there is enough equity in the property, a homeowner may be able to sell the property and pay off the mortgage debts against the home in full.
If there is little or no equity in the property, the homeowner may choose to pursue an acceptable "short sale" of the property and negotiate a settlement agreement that uses the proceeds of sale of the property to satisfy all mortgage lenders and lienholders in full.
The benefits to a homeowner who chooses to negotiate a short-sale payoff settlement may include...
1) avoiding potential "deficiency judgement" lawsuits, wage garnishment orders and collections efforts from the lenders and collection agencies;
2) control over the emotional stress and negative financial impact that a bankrutcy, foreclosure and/or property eviction will have for up to 10 years;
3) demonstrated ability to future employers, creditors and lenders that despite a worldwide economic situation that was beyond anyone's control, the homeowner took action to fulfill legal and debt obligations in a responsible manner.
If a negotiated short sale agreement may be the right choice for your situation...
While each circumstance is different and the right decision for a homeowner can vary, you have probably heard that short sales are now the #1 way homeowners are moving on from a distressed mortgage situation and achieve a mutually negotiated settlement with their lenders to avoid foreclosure. "The Truth" YouTube video below explains in detail several homeowner scenarios and alternative outcomes.
Watch "The Truth" Video
If you or someone you care about may be considering a short sale, we invite you contact us directly at 303-378-7677to speak with a CHRE-trained professional and to learn more about applying to participate in the CHRE Short Sale Program.
Upon receipt of a completed application, and at no cost to you, an attorney will be assigned to review the situation and consult with you whether or not a short sale is in your ultimate best interest. Throughout the process, you are always the ultimate decision-maker in what choices you will make and will be the right answer for you.
If the property situation qualifies and you are accepted into the CHRE Short Sale Program, you will receive the following benefits...
You will be represented by professional legal counsel to personally advise you based upon your particular circumstance.
Professional, full-time short-sale negotiators will work toward achieving a successful short sale and will vigorously attempt to get all mortgage lenders and lienholders to waive any possibility of a deficiency judgment against you.
If you are receiving harassing phone calls from debt collectors, you will be able to advise them you are represented by legal counsel and all future calls must be referred to your attorney.
A Colorado CHRE-Approved REALTOR® will research the Current Fair Market Value of the property and will aggressively market to quickly find the current market price required to receive a competitive offer from a qualified buyer.
Unlike many programs, we help you to evaluate all of your options to avoid foreclosure before deciding to pursue a short-sale.
We will NOT counsel you to accept a "low-ball offer" or a "straw-buyer" investor contract that oftentimes result in a fraudelent outcome. We believe your best chance for a successfully negotiated short sale settlement comes from only accepting a legal purchase contract from a legitimate pre-qualified buyer who is financially committed to waiting for a response from your lenders in order to close the deal.
The National Real Estate Law Group will collect all necessary documentation and will prepare the short-sale offer package for prompt submission to the lender and lienholders.
Access to our CHRE professional network does not cost the home owner any money out of pocket. Our program is unique in that the homeowner gets access to and professional counseling from bankruptcy attorneys, real estate professionals, credit counselors, title companies, and short sale negotiators upfront and free of charge so the home owner can make truly informed decisions.
We do not get paid for any services provided until you achieve a successful outcome, and our success fees for negotiating and selling the property are paid out of the lender's proceeds from the sale of the property, and only upon your acceptance and successful completion of a short sale on your behalf.
We get results: 95% of all home owners who are accepted into the CHRE Short Sale program are able to successfully sell their home and avoid foreclosure.
We invite you to call 303-378-7677 to speak with a CHRE representative or complete the form below to request additional information
We encourage you to speak with us privately and confidentially, knowing you are speaking with a trained professional who is sworn to legal and ethical behavior. We commit to never pressure or require you to buy or sell anything, nor is there any upfront cost or commitment required from you. We are here to offer you as much support as you need to make an informed decision.
Undecided? Save this website in your favorites list as you explore your other options We are happy to be your "Plan B" just in case you need a backup option
We serve clients throughout the Greater Metro Denver area including Denver, Aurora, Arvada, Golden, Wheat Ridge, Lakewood, Littleton, Morrison, Highlands Ranch, Centennial, Englewood, Greenwood Village, Parker and Castle Rock.
