What is a Short Sale? Are you in foreclosure and need some advice about how a Short Sale may help you out of a bad situation? Well you are not alone. Fifty percent of all homeowners are upside down on their mortgage and need help. Millions of homeowners just like you are searching the internet for real answers.

Wikipedia describes a short sale: “A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.”

Most real estate agents only found out about Short Sales in the last 18 months after they became the next wave in real estate. They found out that if they weren’t proficient in negotiating short sales that they could actually make legal mistakes costing them their licenses and that the lenders often discount their commissions, so most simply decided not to work on Short Sales, period. Now, short sales have become the norm, and more and more realtors are attempting to short sale their clients homes.

Homeowners First! Not Commissions!

The only realtors we work with also put their Homeowners First, NOT THEIR COMMISSIONS! They find the BEST buyers (not necessarily the highest offers) that will stay throughout the negotiation process and close, NOT look for the highest offers they can find, drooling at the thought of those commissions, knowing full well that those buyers will probably not be there to close, and needlessly risking foreclosure for their Homeowners because the lenders approval periods expire.

Unfortunately, according to the National Association of Realtors only 10 to 15% of real estate agents are able close a short sale successfully and prevent foreclosure. This means that 85-90% of realtor negotiated short sales are ending up getting foreclosed on. This is because realtors have been trained to facilitate the purchase and sale of real estate, not trained in the very specific and highly complex skill of mortgage negotiations with lenders.

Your Credit is Gold!

It takes years of short sales training and experience to increase the chances of truly protecting our Homeowners from the tragedy of foreclosure and its long term damaging effects on future earnings, residential choices, and quality of life. Credit is Gold! It requires a well-oiled machine consisting of a strong, brilliant team of knowledgeable negotiators, processors, marketers, realtors, and attorneys handling all the different aspects of getting a short sale approved by one or more lenders on one property. It takes years to put together a team that works as efficiently and as effectively as we do in the complex world of getting short sale approvals from lenders.

Trilogy Property Solutions started right from the beginning putting the Homeowner First, and continues to this day to ensure the properties we buy and sell have deficiency judgments and promissory removed.

Trilogy Property Solutions guarantees our Listing Agents 3%. Our realtors can rest assured that they don’t have to be the ones paying for intensive Short Sale training, doing it all themselves or spend hours every day on hold with the lenders. Instead, they can continue finding more Buyers and Sellers to expand their success as they help the economy recover.

If you are in foreclosure or you know someone in foreclosure and you want answers, we would be happy to speak with you. We specialize in buying and selling Luxury Short Sales and that’s all we do, so you know you’re getting the best people working for your best interests. More importantly, we are here to stay with your short sale to the end. We’re here for you, looking out for your financial protection, we don’t receive commissions, so our only goal is to get your short sale started and successful for you. You can reach us at (888) 803-0505 with any questions you may have.