All About the HomePartners Short
Sale Program:
Are You Behind on Payments?
Trouble selling the house?
Finally
there's Good news!
You Can Escape
and Sell the House
at NO COST
and Walk Away Debt-Free with a Short Sale!
We will buy your house directly,
and negotiate with your Bank to let you walk away without
your current mortgage burdens.
We can also:
• Get the Bank to stop harassing you - effective
within 72 hours!
• Get them to promise in writing to release
you from past debts
Don't
get stuck again relying on realtors!
If you qualify, HomePartners has a special
short sale program where we will put in a cash offer on
your house, and negotiate with the bank to buy the house.
What is a short sale?
There's lots of wrong information out
there about short sales.
Let's clear it up: in a short sale, the
bank agrees to take less than what's currently owed for
the house, in exchange for the quick cash from an investor.
Most of the time, the Bank will let you walk away without
having to pay the difference.
Top 7 Benefits
of a Short Sale:
All
about Short Sales!
Why do Short Sales happen?
A short sale occurs when the current debts on a house are
roughly equal to, or greater than the fair market value
of the house.
This makes it very hard to actually SELL
your house, because to break even, you need to sell for
way more than it's currently worth. And let's face it, in
this down-market, who is going to overpay for a house??
A good way to tell if your house could possibly be overpriced,
is if you have tried selling it for a long time, and had
no offers.
What are the next steps?
We need to determine if your property qualifies. Call us
now Toll Free at 888-999-3501, and ask for Paul or
leave a message for Pat.
If you prefer, you can submit your property information
confidentially using our OFFER
FORM, and put "short sale" in the "reason
for selling" box.
A personal consultant will get back
to you promptly to get the ball rolling.
What happens if I need a Short Sale, but
don't do it?
If you choose to take no action at all, and can't catch
up all the payments and penalties, then eventually your
house will be repossessed by the Bank.
If you are in denial of this fact, please
visit your County sheriff and observe how many houses are
repossessed each and every week.
Most of these homeowners needed short
sales, and could have walked away debt free and saved their
credit score. However, because they stubbornly resisted
until the last minute, they are now in a much worse situation.
Most people are not aware that after
the Bank takes back your house, it is not game over.
Until the Bank actually resells your house, or if they sell
it at a loss, they can actually send a deficiency judgment
against the homeowner for the difference. For some banks
this is actually a policy.
It is hard for most people that are in
denial to admit how much less their home is worth today
than when they bought it. Many stubborn homeowners grow
attached to what they feel their house was worth 1, 2, or
more years ago…at the height of the market. They do
not realize how far the real, present-day value of their
house has fallen! They cannot sell, because rather than
admit they have no equity and try to walk away while they
have the chance, they keep trying to sell at unrealistic
prices. They fall further behind on payments each month,
and to the day their house is repossessed in foreclosure.
Part of the reason this happens is people
think their only option is to try to sell for their mortgage
balance and break even, which is impossible if the house
is overpriced. They do not realize that they can do a short
sale and achieve the same result.
HomePartners
handles everything Start-to-Finish!
How does it work?
Once you decided you want to sell and walk
away, HomePartners can take action immediately.
Here is out process for doing short
sales:
|
|
You Contact Us.
You call us at 888-999-3501 or submit an
OFFER FORM so we can get
the basic information we need. |
|
|
Initial Consultation.
We will determine if we want the house. We will
also review the next steps so you are comfortable with
the process, and know where you stand at all times. |
|
HomePartners agrees
to buy the house.
We collect all necessary paperwork, and submit the
offer to the Bank (or Banks if you have multiple mortgages). |
|
HomePartners negotiates
with Bank.
We will try to agree on a price that the Bank will
take in exchange for letting you walk away. |
|
Your Bank approves
the sale.
At this point we also get them to promise in writing
to release you from past debts, before completing the
sale. |
 |
HomePartners buys
the house, You walk away Debt-Free
HomePartners will close on the house, and payoff
all the debts, bills, mortgages, and taxes on the property.
You will not be responsible for any fees or closing
costs that you would normally pay when selling a house
in any other manner.
At this point, any foreclosure proceedings that may
have been under way are officially and permanently stopped
with the State. |
 |
You have closure.
The nightmare is over, and
you are now officially free from your debts and housing
situation!
You can start rebuilding your life and credit!
What you do next with this freedom is up to you! |
Yes,
but Can it work for ME?
How to tell if you qualify
for a HomePartners Short Sale?
If you are behind on payments AND want to sell the house,
then you already meet the key criteria. You should call
us toll-free to discuss your options at 888-999-3501
(Ask for Paul or leave a message with Pat), or fill out
our confidential OFFER FORM,
and put "short sale" in "reason for selling".
These added factors are helpful, but not
neccessary:
- house is upside down (little or no equity), or overleveraged
- house needs lots of repairs
- you are already in foreclosure (helpful, but not necessary)
Short sales are NOT just for ugly houses!
If you have a nice house in a nice area, or luxury house
in an upscale area, you are still definitely short sale
eligible.
Why can you do this? How do you make money?
We are investors who earn a living by helping people through
purchasing their house, and then making a profit on the
resale of that house. We are no longer looking to hold on
to houses to rent. This way we can buy dozens of houses
and do many more transactions.
Banks are willing to do short sales because
we come in and make immediate cash offers on houses where
the mortgage is behind. In most situations, the bank is
willing to accept a reasonable cash offer at a discount,
instead of waiting to try to get more payments or repossess
the house through foreclosure.
Politically correct, sensitive way to
explain we resell (DON'T use word flip)
Common Questions about Short Sales:
Is a short sale a permanent solution
to foreclosure?
Yes. If a bank agrees to go through with a short sale, and
promises to release the homeowner from mortgage debts, that
is a permanent solution. Unlike bankruptcy, forebearance,
or loan modifications, a short sale gives instant peace
of mind the day of the closing.
How fast does it work?
You can see results right away if you happen to have a foreclosure
and it gets postponed. As for closing on the house, it will
depend on the property, location, and Bank. Typically, it
is not unreasonable to expect the process to span a few
months, during which time HomePartners is handling all aspects
of the transaction at no cost to you.
How can I track what is happening?
You will always know what is happening, and the status of
negotiations with the Bank. Once HomePartners agrees to
buy the house, you are assigned a personal consultant who
will guide you through the process from first meeting, to
closing! To see more about what makes us special, visit
the Why Us page.
How quickly can I stop the foreclosure?
Right away, depending on your situation. There are many
methods to postpone foreclosure, some temporary, and some
permanent. Your situation is unique, so we would be able
to tell you after we know your property information.
Can everyone do short sales?
No - realtors, attorneys, mortgage reps cannot do short
sales the same way HomePartners does. This is because they
are only acting as intermediaries. Furthermore, their hands
are tied because they are not buying the house, they are
waiting for somebody to come along to make an offer before
they can even start the process. HomePartners will actually
put a written offer on your house and starts the process
right away.
Are all investors who claim to do short
sales the same?
No - most have never done one. Unfortunately lots of people
watch late-night TV infomercials on how to "get rich
in foreclosures" and think they know what they are
doing. These people have never helped anyone out of foreclosure,
and are ruining the reputation of investors everywhere.
We will be glad to provide you a list
of references and testimonials from satisfied homeowners
we have recently helped.
What makes the HomePartners short sale
program special?
We are experts at getting short sales done.
While nobody can promise the bank will
strike a deal every time, we have gotten very good at learning
their tricks and offering them what they want to hear. To
date, we have completed over 76 short sales, so we are far
more qualified than the majority of investors who have never
helped a single homeowner, or maybe 1 or 2 at the most.
Are short sales illegal?
Absolutely not, and every major bank has a special Loss
Mitigation departments set up to do short sales all day.
Unfortunately, there are Realtors and Lawyers spreading
false information about short sales because they don't understand
them.
Also, some investors will try to do a
Short Sale and rent the house back to the homeowner, or
split their profit. That is illegal.
OK,
What's the Catch?
The only "catch" is that we
refuse to do two things that some people unfairly demand
from us. HomePartners REFUSES to do these two things,
so please do not ask us:
#1) We absolutely refuse to do a short sale and rent
or sell the house back to the homeowner. Not only is
this illegal in New Jersey, but it is unfair because 99%
of the time people still cannot afford the house as time
goes on.
#2) We absolutely cannot promise the homeowner any money
upfront. The bank is taking a loss and letting you walk
away debt-free, so they certainly don't want to see you
pocketing thousands of dollars at their expense! Your primary
motivation for a short sale should be to get out of a bad
situation, stop foreclosure, and/or save your credit. If
your primary motivation is to make a profit, then you need
to find some dishonest investors. Please do not ask us.
We do not need the business or the trouble associated
with this.
What if I need to sell really fast,
or drag it out further in time?
We can work around your needs.
DISCLAIMER #1:
We put a lot of time and money into our Short Sale Program,
so before we start, we need to interview the homeowner
to make sure it's a right fit for both of us.
DISCLAIMER #2:
We've done our best to provide useful information, but
we're not lawyers or foreclosure 'counselors.' If you
have questions about a legal situation, you should consult
with an attorney.
