Upside Down? Can't Sell? We Can Help You Move On.

Sadly, many homeowners are not aware of what a short sale is and they are just walking away from their house, accepting a foreclosure. Your lender may be willing to accept a settlement if you owe more than your house is worth and you are experiencing a hardship. Whatever your situation, if you are upside down in your home, we may be able to help you. Below are some common reasons why you may be facing a Georgia foreclosure.

• Loss of Your Job
• Divorce
• Making Two House Payments
• Landlord - No Tenants
• Relocation - Job Transfer
• Listing Expired - No Offers
• Drowning in Other Debt

How Does Your Program Work?

If you are upside down in your house, meaning you owe more than your house is worth, and you need to sell due to a hardship you are experiencing, we put a contract on your house within 24 hours. We will negotiate with your lender to accept a settlement, known as a short sale, so you can avoid a foreclosure.

What is a Short Sale?

A short sale is simply where your lender accepts an amount of less than what you owe to avoid getting your house back at a foreclosure auction. Right now, lenders want to get all of the non-performing loans off of their books. Most times, for banks, accepting a discount today is better than getting the house back after a foreclosure.

Do You Charge Any Fees?

We DO NOT charge any up front fees like a loan modification company. If the lender rejects our offer, you owe us nothing. If your lender accepts our offer and we buy your house, you owe us nothing. We intend to buy your property and resell it for a profit after we buy it from you. So, if we can't help you avoid foreclosure, we don't make anything.

 

Why Should I Call You?

Your lender is not going to negotiate with you or suspend the foreclosure sale date without a contract. We are buying your house, so we put a contract on your house immediately saving you 60, 90, 120 days or more if you were to list the house and pray for a buyer. Putting a contract on your house also allows us to start negotiating with your lender immediately. If you are upside down, a short sale may be your only option if you know you can NOT afford to live in your house any longer and NEED to sell.

Are There Any Tax Consequences When Short Selling?

We are not CPA's or attorneys, please consult with one if you have questions. This information is not legal advice, but is for informational purposes.

A foreclosure will remain on your credit report for years to come. Any loan application you fill out asks you if you have had a bankruptcy or foreclosure in the past 7 years. In a short sale transaction, your debt to the lender is shown as being paid and settled for an amount less than owed. The bank can seek a deficiency judgment for the shortage on the actual amount received versus the amount that was due. They can also give you a 1099 to show their loss as your income. Capital gains rules may apply to this gain if the property was your primary residence. Our loss mitigation specialists will work with your lender to waive it's rights to seek a deficiency judgment. See the Mortgage Forgiveness Debt Relief Act.

Who Qualifies for a Short Sale?

We can help anyone who has suffered a hardship and is facing a foreclosure, but can't sell their GA house because they owe more than their house is worth or have no equity. We can not make any guarantees that your lender will accept our offer. We will make every effort to work with your lender to get them to accept a short sale as long as your house qualifies.

Example: But I Owe $200,000 and My House is Worth $148,000?

This example is pretty similar to a lot of houses we put under contract. The lender is not as concerned about the amount they are discounting as they are with the loss they will be taking at a short sale vs. a forelcosure. Let's take the above example, if your house is worth $148,00 now and you bought it three years ago for say $210,000, the lender is looking at what your house is worth now and whether a short sale would make more sense than to foreclose. So, even if your house is worth $400,000 now and you owe $700,000, they're still only interested in minimizing their loss. Either way, a foreclosure or a short sale, they'll be taking a loss, but a deal on the table today may be worth more than an empty house on the market for months after a foreclosure. Many banks and lenders would agree.

What Kind of Properties Do You Buy?

We buy houses from $100,000 to $2,000,000. We buy estate homes, executive homes, duplexes, triplexes, apartment buildings, houses on acerage, and houses in or outside of subdivisions. If you can't sell because you owe more than your property is worth, we will consider your property for purchase.


Do You Offer Short Sale Negotiation Only?

No. The properties we negotiate short sales on are the properties we intend on buying. We are not a loss mitigation negotiating company. We will work with real estate agents who have clients who need to sell their house via a short sale, but only if we are purchasing the house.

What is the Next Step?

Your next step, if you answer yes to the following questions, would be to contact us directly or fill out our contact form by clicking on the 'learn more' button below.

• Do you NEED to sell your house?
• Are you facing a foreclosure if you can't sell your house?
• Have you had a hardship? Lost your job, divorce, relocating, drowning in debt, etc..