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Jack Lavoie is a Short Sale Foreclosure Specialist
I have been assisting homeowners with short sales since 1992. I have taught short sale seminars to investors, homeowners and other local real estate professionals. I service all of New Hampshire and am located in Manchester, NH. Whether you have a high priced home in Bedford, a 2nd home in Merideth, an apartment building in Manchester or Nashua or a cottage at Hampton Beach, I can assist you in liquidating your property even if you are UPSIDE DOWN on your mortgage,
What is a short sale?
A short sale or short payoff occurs when a lender agrees to accept less than the outstanding loan amount to satisfy the seller’s loan. A short sale allows both the lender and the distressed property owner to avoid foreclosure by selling the property at a loss. This saves the lender money in the long run and is a “win-win”. In most cases the lender want will want you to show “hardship” which is very common in this economy. Some of the hardship reasons are:
- Unexpected health issues resulting in difficulty making mortgage payments;
- Lending rate increases on adjustable rate loans;
- Divorce;
- Over-extended borrower with multiple mortgages;
- Job loss or transfer;
- No money to fix up house
Short sale transactions require expertise. Many companies, brokers and individuals are doing short sales. Unfortunately, approving short sale transactions is an ART which requires a lot of skill. Don't just choose anyone to take care of this serious problem. We offer affordable rates, great results and confidentiality to all.
Short sales are more complicated and time consuming than an average real estate sale, making it important to retain an experienced professional to oversee and negotiate the transaction.
Lenders prefer short sales because they are not in the business of managing and owning property and short sales are less expensive than completing the foreclosure process. Lenders accepting short sales receive a substantial percentage of the outstanding loan amount due without waiting for a time consuming foreclosure, and they are able to avoid foreclosure and maintenance fees.
To schedule a free, confidential consulation click below
FREE CONSULTATION
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