Learn how to make Full Commission on your very first Short Sale, even if you are terrified of handling short sales or know nothing about them! The Seymour Law Firm is the leader in the ‘Short Sale’ option for owners and buyers. Our Connecticut Real Estate Short Sale Lawyers & Attorneys have the experience and expertise to help guide Agencies and their Clients through this process.

I will help your prequalify your potential deals.

Here is what I need to prequalify a new short sale for a seller or buyer you already represent via listing agreement or buyer rep. agreement:

Take a look a title (not the homeowner’s mortgage statement. Not running the title down here will cost you dearly later!)

1. What is the name and amount of first mortgage
2. What is name and amount of second mortgage
3. What is the name and amount of any other liens of record
4. What is the true value of the property today in its condition (must be a defendable number)

With this basic information I can submit any short sale for any bank in the country for preapproval and get an answer within 24-48 hours. Then you agents can list the property. I will then speak with the seller and make sure short sale is the correct option and that the seller and buyer are in for the long haul. My office gathers the documents necessary for the short sale and we submit the offer for approval when it comes in. It takes on average about 6-8 weeks to get approval. With any luck we have a closing.

When you call or email (preferred) for us to look at a deal please make sure you have done 1-5 above. Ask for Linda if I am not available. She will immediately submit the deal for prequalification and she will pass the answer along as soon as we get it. We will talk after that to make sure you get the property listed correctly and to make sure any offer you receive is structured correctly.

Sincerely,
Gary L. Seymour

 

E Book for Agents