Short Sale Negotiation Service

This service is for those individuals who have made an informed decision to seek a short sale of their residential property.

Services

The firm will utilize its best efforts to effectuate a negotiated settlement with the seller’s lender(s) that results in a written agreement providing a release of the lien(s) so the property can be sold to a third-party. To accomplish this goal, the following services are provided:

• Negotiation with the seller’s lender(s) in an effort to have the lender(s) accept a discounted payoff in exchange for a release of its lien(s) and, potentially, in exchange for full satisfaction of the loan(s).
• Analysis as to whether the seller should be afforded protection under the Arizona Anti-Deficiency Statutes.
• In the event the seller is not protected under the Arizona Anti-Deficiency Statues, we will negotiate with the seller’s lender(s) prior to close of escrow in an attempt to mitigate and/or eliminate the seller’s potential deficiency liability.
• In the event the seller’s lender(s) asks the seller to execute a promissory note in exchange for a release of the liens, we will negotiate with the lender(s) in an effort to have the promissory note reduced or eliminated.
• Assistance is provided to clients in gathering all necessary documents required for the lender to process the seller’s short sale application.
• Assistance is provided to clients should they have questions regarding the completion of the various forms and documents requested by their lender(s).
• Management and protection of the seller’s sensitive personal and financial information and documents, thereby providing the real estate agent security against potential liability for maintaining the seller’s personal information.
• Periodic and timely updates provided to the seller regarding the status of the short sale application. Should the seller so desire, these updates will be shared with the seller’s real estate agent.

Fees

A one-time, non-refundable fee is to be paid upon retention of our services. In the event the firm is successful in obtaining short sale approval, the firm shall be paid a contingency fee for its services, which shall be paid to the firm upon close of escrow and shall be paid through escrow from the funds deposited therein. This fee, which is subject to lender approval, will not exceed 1.25% of the purchase and sale price.

For more information, please contact us today or call 602-778-9900.