What is a Short Sale?
The short sale process is where a lender
agrees to receive an amount less than what is owed on the subject property
by being sold to a third party. The lender then accepts the proceeds as full
settlement of the debt.
What is the role of the real estate
broker/agent?
- The independent US HouseSaver affiliate serves as a liaison for the
distressed homeowner. He/she partners with USH to achieve a successful
resolution.
The real estate professional will assist USH in advising the
homeowner and preparing the market evaluation of the property.
The broker/agent will list the property for sale, prepare for
showings and entertain all offers on subject property. He/she will then
follow the transaction through the close of escrow to achieve a positive
outcome for all parties.
Why should a real estate professional team up
with US HouseSaver?
- You will obtain listings in your area referred by USH through our
direct advertising.
You will provide distressed homeowners with an invaluable service.
Your success in short sales will result in more referrals and future
business.
What is required of the property owner?
The property owner will need to:
- Sign a listing agreement with the designated broker/agent.
List the property for immediate sale.
Cooperate with the broker/agent to allow access for showings,
inspections, etc.
Upon close of escrow agree to vacate the property in specified
timeframe.
Agree not to further encumber the property.
Prepare and maintain the property for showing to potential buyers.
Make any necessary minor repairs.
Act in a responsible manner during the short sale process until
close of escrow.
Provide all requested documentation to USH for short sale approval
by lender.
What is the responsibility of US HouseSaver?
Prior to buyer being found,
USH will compile all necessary documentation from the interested parties to
submit to the lender for approval of a short sale.
USH will negotiate with the lender the best
possible solution for the homeowner in order to prevent foreclosure.
