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If you’re looking for Washington Short Sale help, you’ve come to the right place.

Right now, homeowners in distress are being identified and barraged  with all sorts of offers, from solicitation letters to buyers attempting to “flip” their home.  Yet most of the offers will  all claim one guarantee : Promises of “saving you from foreclosure.”

Well, consider this .  What if I told you that, in some cases, it is in the homeowners best interest to allow their home to go to auction ?  For example, consider the homeowner with one mortgage  who doesn’t really give a care  about their credit, purchasing a home in the near future or perhaps they intend on filing for bankruptcy.  Did you know that a  non judicial foreclosure  in Washington automatically blockades  the foreclosing lender from pursuing a deficiency judgement against the homeowner?

For most cases, however, homeowners  for the most part  have 2 or more mortgages  on their property, or they do want to protect  their credit and their ability to purchase a home in the near future.  In that case, it IS in the best interest of a homeowner in Washington to pursue a short sale.

When pursuing a short sale, you must keep in mind the basic, most important aspects of a short sale .  The key to facilitating a successful short sale is the following:

1.  A strong realtor who is familiar with the dynamics of a short sale  (they must have the ability to retain buyers for 3-6 months, which is very difficult to accomplish)

2.  A negotiator who is working for your best interest  and knows how to use bankruptcy, legal loopholes & general negotiations strategies as leverage to reduce if not eliminate your liability from the property.

3.  Having a post-short sale plan, IE. getting registered with credit repair, continuing to negotiate your deficiency as much as possible, getting prepared for a 1099 c in the event of debt forgiveness, etc.

4.  Having a real buyer:  The buyer’s offer must be realistic and the buyer must remain in reality and not believe that they can move into the property within weeks of sending an offer.

Also, please make sure that you stay away from the  “investor” type company.  Companies who are out there “investing” in Washington short sales usually prioritize their own profits before the interest of the homeowner.  You can identify these kinds of  companies with the following red flags:

1.  They are themselves attempting to ” possess  your home in 10 days or less”

2.  They want to purchase your property based on the condition that they find another buyer to “wholesale” the property to

3.  They are promising to  remove your loan , use forensic loan audits to incite a court case, or anything related to suing the lender on your behalf

For these companies, it’s more about “profit spread” then anything else, and I highly recommend working  with other companies who are 3rd party and generally do not have an interest in your property as a buyer (as that will almost always encourage alterior motives). 

Also,  do NOT pay a company for their services .  The best short sale companies out there are experienced enough to get paid either by the bank or buyer, so if you are considering working with a company that is charging YOU as the HOMEOWNER a fee, just don’t.

As some of the best Washington Short Sale experts around, we negotiate anywhere from Redmond Short Sales  to  Mukilteo Short Sales

Remember, you know a tree by its fruits .  It’s best to work with experts who clearly don’t have anything in mind other than to help you truly prevent foreclosure and walk away from this season in life.

Kevin