Short Sales

A short sale is the sale of a home for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner’s debt is typically forgiven as part of the negotiation.

Lenders agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process. Most importantly, a short sale is a win-win-win situation. The seller gets out of the mortgage liability without

Manny Lindo, The Short Sale Expert

facing bankruptcy. The buyer gets the home at a reduced price. The lender agrees to a loss it considers minimal without going through a foreclosure and being saddled with an unsalable property.

The biggest problem with a short sale is its complicated legal procedure. Generally short sales are regarded as taking too long to process with their closing time uncertain at best. This is why many agents avoid listing short sales.

Did you know that…

…of the 600,000 active real estate agents, less than 20% work with short sales?
…of the 20%, no more than 1% are true short sale experts?
…70% of real estate agents have rated their last short sale transaction as difficult or extremely difficult?
…less than 3 out of 5 short sales close successfully?
…most real estate agents typically rely on Attorneys and Short Sale Processing Companies to negotiate the best terms for short sales on behalf of distressed homeowners.

The problem…

…is that most Short Sale Processing Companies will not protect the real estate agents and the homeowner from having to pay for their service fees and transaction expenses. So distressed homeowners who are already losing their home can also end up paying thousands of dollars in transaction fees, processing fees and legal fees.

The Solution…..

…..Involving Highland Financial Protection Group, LLP in your Short Sale will free up the homeowner and their broker agent from having to undergo the burdensome process of dealing with the Lender. The homeowner will benefit from HFPG’s Attorney backed service without having to pay a retainer fee or any other fee whatsoever. ALL fees are paid directly from the transaction proceeds and will only become due upon a successful transaction closing.

They will also complete all paperwork necessary for qualified homeowners to receive a $3,000 allowance check at closing from the Home Affordable Foreclosure Alternatives Program (HAFA) which is funded by the Making Home Affordable Initiative (MHA) started by the Obama Administration. The HAFA program will also guarantee that the deficiency suffered by the Lender becomes non-recourse to the homeowner. This means that a distressed homeowner can walk away from an underwater property with a $3,000 check in hand and their lender cannot peruse them for any losses.

  • HFPG is NOT a real estate company–they are a one-stop short sale processing destination! Even if a property is already listed with a Real Estate Broker, homeowners can retain their services to insure that they are not burdened with any transaction costs. Real Estate Brokers are also welcome to call us directly.
  • HFPG is dedicated to the short sale processing portion of the deal only. Their main focus will be to structure the deal in a manner that will have all costs associated with the transaction being paid from the sales proceeds and not the homeowner. They guarantee that the homeowner and broker will not have to pay for, or even be responsible for obtaining the smoke alarm certificate required by law to effect the sale..!
  • The HFPG network includes attorneys, real estate agents and short sale processors with years of experience in short sale negotiations. No real estate office or a broker alone can match their collective expertise, negotiating power and technology.

Benefits of doing a Short Sales are:

  • Avoiding foreclosure, which ruins one’s credit and remains on credit record for up to 7 years.
  • Avoiding a potential bankruptcy which lasts up to 10 years and is the biggest financial burden and embarrassment possible.
  • Avoiding eviction.
  • Escaping the burden of a depreciating asset.
  • Giving a chance to rebuild credit fast. (Borrower is Mortgage Eligible after just 2 Years)
  • Avoiding potential tax liabilities in some situations. (Always consult your Accountant)
For more information about hiring HFPG’s services at no cost to you, write to hfpgllp@gmail.com or call Manny Lindo directly @ 508-207-3777 to see if you qualify for the $3,000 HAFA Allowance.