"Ken helped me get out of my property that was upside down over $200,000 and facilitated the short sale of the property on my behalf. Now I can start to rebuild my credit and move forward without the huge payments I was throwing away towards a home that was currently worth half of what I owed."

– Bobby (Nevada)

Services Provided

Short Payoff

This is when we actually negotiate a shortened payoff demand so the homeowner can obtain new financing based on the lowered payoff. Banks are willing to do this as a way to liquidate all the liability associated with owning theses assets. The homeowner will get a new loan based on current loan guidelines and most importantly the homes true current value.

Short Sales

This is when the bank accepts less than what is currently owed on a property. If at the end of negotiating with your bank they are not willing to work with us for whatever reason in reducing your principal and getting you into a new situation that makes financial sense we can use our work to our advantage. We can then list your property for sale and facilitate the short sale process. In negotiating your file we will have gotten the file assigned to a negotiator and now we can submit possible offers directly to that negotiator in order to get a quicker response. The last thing you want to do is loose a potential buyer due to the bank not responding to offers quick enough. We have relationships with real estate companies and they will list your property and we will facilitate the short sale negotiations at no additional costs to our clients.

Loan Modification

This is when the homeowner is not really upside down but they have an unreasonably high interest rate or they are in bad loan terms. By putting the homeowner into a fixed low rate the banks can make it so the homeowner does not walk away from the home and leave them with another foreclosure. Basic loan modifications are still defaulting at a high rate so if the element of principle reduction is needed we will make that clear to the banks when we submit the file.

Settlements

This is when we negotiate a settlement on any 2nd or 3rd liens associated with the property. Based on the true value of the asset in a depreciating market banks are willing to accept much less than what is owed. If the homeowner has the potential possibility of including these into a bankruptcy which would net the bank $0 or if the homeowner does a short sale where they would net very little they are much more likely to settle for something as opposed to getting nothing in the future.