It’s not going to cost you anything to have me list your home for sale; but, the actual process of helping you through the short sale process, negotiating with the bank(s) and doing the paperwork is a time and labor intensive process.

 

These are some of the services that Short Sale negotiators render to facilitate the transaction:

 

* Supply necessary forms to the seller in order to apply for a short sale.

 

* Assist the seller in putting together a required information packet for submission to the lender(s).

 

* Search public records and disclose any and all liens that are currently of record and that will need to be cleared in order to transfer title.

 

* Negotiate to reduce or remove those liens.

 

* Establish contact with lender(s) and submit short sale package(s).

 

* Contact other secured creditors to obtain payoff information.

 

* Establish an open line of communication between the lender(s), the listing agent and the seller.

 

* Prepare and submit preliminary settlement statements to lender(s) with a purchase offer.

 

* Negotiate with lender(s) any requested changes to terms and conditions of the purchase offer submitted.

 

* Keep the seller and listing agent apprised of any and all progress regarding the negotiations.

 

The goal is to expedite the process and take some of the stress out of the situation by putting professionals on your side to do the negotiations with the bank(s).

 

So, what’s all of this cost? Maybe nothing. I list the house and get my commission at the closing of the sale. Some (but not all) short sale negotiators will represent you for what they can get from the banks at closing. You need to discuss that with the negotiator. Some negotiators charge up front fees - I don’t recommend going that route, since you may get nothing from them and end up being foreclosed upon, even if you have paid them.

 

You can call me at 248-763-2497 to get a FREE Market Analysis of your home to see if a short sale will be necessary. You can contact one short sale negotiation firm at http://www.aronofflinnelllaw.com/ There are other firms out there that you might find by doing a Google search.