SHORT SALES

Short Sales or Pre-Foreclosures are:

• Properties whereby the homeowner is behind on mortgage payments or are otherwise upside down in terms of value of the home, meaning they owe more than the home is worth.
• To purchase Denver houses via a short sale can be lucrative, but are time consuming as the bank does not actually own the property but rather the homeowner still does. All negotiations for the sale of the property using a short sale or pre-foreclosure approach must be handled through the homeowner and they in turn negotiate with their lender to accommodate the short sale.
• You’ll need to be patient buying a short sale opportunity as these can take months to negotiate, however newer procedures are in place to speed this up. When you submit offers for Denver homes that are pre-foreclosure or short sale listings, the process can take about 2-3 months to hear back from the bank if the bank has not already approved a short sale for the property.
• Buying Denver houses offered for sale via a short sale or pre-foreclosure opportunity can be a great opportunity to build your investment portfolio or acquire that first home, but you must be patient. Understand that the banks are the driver’s of this process and while they would prefer to avoid taking the property back through foreclosure, they are usually understaffed and have inventory ahead of the property you want to buy.

It is important that you know your options!
Our team has extensive experience and resources to help:

• Mile High Home Sales Closes 98% of All Short Sale Listings.
• We Handle Contract and Negotiations With Your Bank.
• A Team of Specialists Who Specialize In Short Sales Will Help You Through the Process
• Many banks offer monetary incentives at closing that can amount to a savings of  thousands of dollars.

If you need any information about short sales:
PLEASE CONTACT US.

Our Team Holds Several Nationally Recognized Real Estate Designations that Increase Education and Knowledge of Short Sales:

• CDPE (Certified Distressed Property Expert)
• CHRE (Certified Home Rescue Expert)