Part A: Document Acquisition
You send us the signed Listing Agreement and the agent service agreement. We then gather all short sale documents directly from the homeowner.
Part B: Authorization & Verification
We submit the authorization form to the bank(s) and gather initial loan information from them. This is important to determining the type of short sale that we’ll be pursuing on your client's behalf. We confirm all information provided by the homeowner, check for foreclosure dates, confirm HOA dues, and perform a title search to check for unknown liens or judgments.
Part C: Valuation... short sale-style
Using a different formula for each bank and/or investor, we review the property and provide you with a projection of what the bank will think your listing is worth. This can often be very different from market value and will help avoid problems that come with over- or under-pricing.