Short Sale Pros is a full service, CA DRE Licensed (#01881023) short sale processing firm that specializes in working with sellers and Realtors to process all of their short sales at no cost while leveraging our 4 years of experience.

At Short Sale Pros, we are passionate about preserving the American Dream by helping as many sellers avoid foreclosure as possible with a no-cost short sale. Short Sale Pros is dedicated to leading America’s housing recovery by being the industry leader in providing sellers, Realtors, and lenders with the most advanced, hassle free, short sale solution.

Upon your submission of a qualified short sale package we will present the property to a group of cash investors who can rehab or rent the property. We will then submit a cash offer from one of the investors along with a full short sale package to the lender. One of our experienced processors will work with the lender(s) to negotiate the loan payoff(s) for the cash investor. By using a cash investor, unique benefits (see below) are provided to the homeowner that give them the highest probability of a successful short sale.

Note: We can also sell the property to an MLS buyer if an offer is available, however unless they are a cash buyer, the seller will lose the benefits below and Short Sale Pros will be owed a 1% processing fee from the Listing Agent if the Buyer or Buyer Agent cannot pay it.

Benefits of the Short Sale Pros Model

Most traditional short sales fail for one of two reasons:

• the 1st lender will not pay junior lien holders, HOA liens, tax liens, judgments, or other arrearages the amount required to release their position to allow the short sale to close;
• the lender(s) requires a cash contribution, deficiency language or a promissory note from the seller to approve the short sale.

When using Short Sale Pros those issues can all be eliminated because the cash investor is able to provide additional funds to cover the shortages to solve both scenarios above! For these reasons, our model provides the seller the highest probability of a successful short sale.

Benefits Using Short Sale Pros model:

1. No Cost Service: there is never a cost to the Seller. If the Investor does not purchase the property for Rehab or Rent, a 1% processing fee is owed by the Listing Agent if the Buyer or Buyer Agent cannot pay it.

2. Contributions to Jr. Liens: the Investor can cover what the 1st Lien will not pay to the 2nd Lien so the short sale can close. Typically, the 2nd lien wants 10% of the principal balance and the 1st lien will contribute $2-3k. If the 2nd is over $30k, there is a “gap”. It is estimated that 80% of mortgages have junior liens.

3. HOA Arrearages/Liens: 1st lenders rarely contribute any money towards HOA arrearages/liens. The Investor can cover these arrearages/liens to allow the short sale to close.

4. Other Judgments/Liens: Once the Notice of Default is filed and public notice has been given to all creditors, additional liens can attach to the property. The Investor can put up the cash to release their position to allow the short sale to close.

5. Deficiency/Promissory Note: When the short sale lender requires a deficiency judgment or promissory note in order to approve the short sale, the Investor can offer additional cash in lieu of the Seller agreeing to these terms.

6. Speed to Review and Close: presenting the lender a cash offer with the short sale package will usually get a quicker response. Short sales commonly fall apart because of buyer financing issues or buyers offering their highest offer first. The lender sees tremendous value in a no-condition, all-cash offer and may consider them more compared to higher offers with financing. The concept of “highest and best” offer applies here because the certainty of a cash offer closing is paramount to risking more REOs.

7. Buyer Walking and Starting Over: buyers tend to come and go while waiting for the short sale approval. Often times a buyer will cancel their offer in the middle of short sale negotiations. Despite the fact that you may obtain a new buyer, more often than not, the lender will make you start the review and approval process all over, even if the terms are identical to the previous buyer. With Short Sale Pros, the Investor remains committed throughout the short sale process, allowing the Buyer to change without affecting the short sale processing.