Short Sale Candidates
• We are cash buyers and purchase in excess of a 10 properties each month that are over leverage.
• We have references including real estate attorneys, real estate brokers and title companies of which we can provide upon request.
• In order for our offer to become binding through a sales and purchase agreement, our policy is that our Attorney, one of the nation’s leading short sale negotiator, conducts the short sale negotiations at no expense to the home owner or to the realtor.
• It is our intention to pay cash, close and purchase the home only to re?sell it at a future date for a profit.
• Our cash purchase price will be approximately 80% of the lowest BPO value given to the property with an initial offer to your lender at 65% of the lowest BPO value.
• At the time your lender reply’s to our offer asking for us to re?counter, our Attorney will include in our negotiated counter offer a request for a full and complete satisfaction of all debt owed by you, the borrower, as well as requiring your lender to remove all “derogatories” reported by your lender to the credit bureaus in the counter offer to your lender.
• Whatever your lender does not approve in paying your realtor’s commissions, we will make up any deficiencies and guarantee the 6% commissions.
• Please note, there exists a legal benefit for the realtor in “not servicing themselves” the short sale negotiations. In the event a realtor makes mistakes/misses a deadline and is found in negligence and the property is foreclosed upon, the realtor/ broker can be at a litigious risk for damages.
Please consider our offer, as without an existing bona fide contract for sales and purchase, a short sale negotiation cannot begin. For every day your realtor does not have a contract for sales and purchase, you are one day closer to the foreclosure auction. At least with my offer to purchase your home, you now stand a chance to have a successful short sale negotiated and a chance to sell your home and keep the foreclosure from becoming a reality.
Our offer is:
Lowest BPO Value X .65 will be our initial offer to your lender.
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