THE Pre-Foreclosure Solution for Home Owners, NOAH Negotiated Settlement – The “Short Sale”

Do you owe more on your property than its current Fair Market Value?

Is there little equity and it is not enough to cover the mortgage balance owed and or the agent commission costs and closing costs?

Does the property need rehabilitation work on it before it will sell?

Do you have a current or imminent hardship that may force you to default and go into foreclosure?

Have you missed some mortgage payments?

Are the banks calling you several times a day to collect on their loans?

Do you want to stay in your home but aren't sure if you can?

Do you want to avoid foreclosure?
If the answer is Yes to any of the above, then NOAH can help you…

We understand that defaulting on your loan is not something that you want to happen. In most cases many people know when they will be heading into default or have already received a foreclosure notice from the bank. What you may not know is that you have options and you can take care of the problem BEFORE it severely damages your credit.

There are many home owners nationwide who are upside down on their home or can no longer make their house payment either because of job loss, divorce or financial struggles, whose only option was letting the home go back to the bank; otherwise known as foreclosure. If you are considering foreclosure, you may want to look into another option known as a “Short Sale”. Short Sales are becoming more & more common among today's home sellers and can be the answer to your financial struggles allowing you to get out of your home and save your credit.

What is a Short Sale?
A short sale is a transaction that allows for the sale of a property for an amount that is less than the amount that is owed to the bank. The bank in return accepts the proceeds as full settlement of the mortgage debt.

What are the benefits of a Short Sale?

The benefits to a Short Sale vs. foreclosure are distinct. Allowing your home to go into foreclosure can be extremely detrimental to your future credit and can cause you to not be able to buy another home for up to 5 years …or more (not to mention this negative will remain on your credit report for years to come). A Short Sale can be a much less painful process, less expensive and doesn't look as bad on your credit report as a foreclosure. It shows that you, as the home owner, did everything you could to avoid defaulting on your loan which can be a big plus in the eyes of a future lender. If you follow our instruction here you will likely save the vast majority of your current credit profile and be in a position to mend your credit and navigate your way back to a new mortgage in as little as 12-24 months.

What NOAH can do for you:
We can negotiate short sales with the Lenders and receive a sufficient discounted amount on your loan so that NOAH can either purchase your home or help you sell your property successfully and avoid foreclosure.

NOAH has designed a Short Sale acquisitions system that provides homeowners an alternative to foreclosure and minimizes damage to their credit while preparing them for future homeownership affordability in 12-24 months.

What is the process?

We communicate with you through our no-obligation, free consultation and determine if your situation is a candidate for a short sale or other work out option and which kind would BEST BENEFIT YOU. (Please complete our “Short Sale Contact Form” prior to our consultation)

If you feel that doing a “Short Sale” is your best option, what we will need you to do next is come to our office and meet with us for about 45 minutes to an hour. During our consultation, we explain the whole process and answer all the questions you will have. If the property meets our buying criteria, we will immediately put a contract on your property and start the process.

We contact the lenders and any other parties involved in your case.

We gather all the required information from you that is requested by your lender. (Note: each lender and work out option is different and unique.) What is requested by one lender is not what another lender may require. We will be thorough and supportive in helping you supply the needed information.

We generate a special set of documents to be enclosed in
your file to support the case of your property.

We submit the Short Sale work out package requested from the lender
and start the negotiations with the lender to finalize the “Short Sale” of your property.

In summary:

NOAH’s primary objective is to help you level the playing field with your lender(s).  This means NOAH must empower you with the knowledge and strategy to help you accomplish your objective and to also protect you from your lender(s). You must understand your options and have an offense and a defense or you will likely become a victim of your lender(s).  You must have a credit strategy. You must have a plan to get out from under the financial burden of the house without allowing it to wreck you financially, and you must address the personal liability associated with your mortgage(s) obligations. If you do not do it correctly and timely you will be gravely disappointed and likely end up possibly in bankruptcy and eventually in foreclosure. Do not delay. Contact us today! (Please complete our “Short Sale Contact Form” prior to our consultation).