Often times people call us to ask, do we have to pay the balance that our house didn't sale for. We can't answer that in most cases and we always so, there is that possibility. I always tell our clients that they should expect to pay the deficiency balance, however, we work hard to avoid that from happening.
Before you start a ShortSale, 2ShortSaleGuys has a packet that all Seller's has to fill out prior to us putting their home on the market. This packet outlines the homeowners hardship, their financial status, and their current assets. This packet is crucial to the approval or denial of a ShortSale as we saw last week.
We had a home in North Georgia that the homeowners clearly qualified for a ShortSale. Their hardship was one homeowner retired and the wife who has worked was laid off to the bad economy. Due to the retirement and the layoff, they couldn't continue paying the mortgage without taking reserves from the retirement.
We listed the home and got an offer on it within 30 days. We began processing the ShortSale and after quite some time we got an approval letter with the bank asking for the seller to bring $46,000 to closing or to sign a promissory note for $766 per month for 60 months in order to pay the deficiency. The banks position on this was that the financials that were submitted, showed that there was a $1650 surplus in income after all monthly debts were paid. We already knew this wasn't the case, so we disputed the financials to show that they obviously were not working from the same set of facts. After a second review the bank approved the ShortSale WITHOUT deficiency balance to be paid or promissory note to be signed.
If you or anyone that you know is struggling to pay their mortgage, please don't delay any long, 2ShortSaleGuys would love to talk confidentially with them and let them know their options. We specialize in this and do this everyday and see or have seen just about every situation that can occur. We are help to help.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
Monday, May 28, 2012
Thursday, May 24, 2012
Bank of America announces new incentive to Short Sale
Is your mortgage with Bank of America? Are you struggling to make a payment?
We have great news to share, Bank of America has announced an incentive for homeowners struggling with their mortgage. They are giving from $2,500 to $30,000 in relocation assistance to short sale you home.
How do you get the money, first thing you do is call 2ShortSaleGuy.com and speak with Nakia or Bill. Secondly, we will get your home on the market to sale, we will notify Bank of America from our computer system that you are going to Short Sale your home. Thirdly, we have to close the property by September 26, 2013. There is no time to delay, please call us today to discuss further how we can help you.
Click Here for the Press Release
IF YOU AREN'T A BANK OF AMERICA CUSTOMER, WE CAN STILL HELP, PLEASE CALL SO THAT WE CAN LET YOU KNOW THE INCENTIVES FOR YOUR MORTGAGE LENDER.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
We have great news to share, Bank of America has announced an incentive for homeowners struggling with their mortgage. They are giving from $2,500 to $30,000 in relocation assistance to short sale you home.
How do you get the money, first thing you do is call 2ShortSaleGuy.com and speak with Nakia or Bill. Secondly, we will get your home on the market to sale, we will notify Bank of America from our computer system that you are going to Short Sale your home. Thirdly, we have to close the property by September 26, 2013. There is no time to delay, please call us today to discuss further how we can help you.
Click Here for the Press Release
IF YOU AREN'T A BANK OF AMERICA CUSTOMER, WE CAN STILL HELP, PLEASE CALL SO THAT WE CAN LET YOU KNOW THE INCENTIVES FOR YOUR MORTGAGE LENDER.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
Monday, May 21, 2012
How do we get our properties under contract so fast?
Good Monday Morning everyone,
Hope everyone had a great weekend. Alot of people ask us, "How do you get your homes under contract so fast?". On average, our marketing days are about 46.3 days. That's pretty good when you think about the time it takes to take photos, put a sign and lock box on the home, price the home, put the home in the listing services, upload photos to the listing service and then patiently wait for an offer.
It's not rocket science as Bill would say, however, we do have a system in place to helps us achieve success.
We simply look at what has sold in the neighborhood, take the averages of the solds, compare it the the home in question then we have our price. Alot of our sellers ask why we don't use the prices of homes that are trying to be sold. It actually doesn't matter, because homes listed to be sold are only what people want for their properties, the ones that have sold is what people actually got for the property. It's that simple.
Another reason homes are being sold so quickly now is that most agents that are selling homes are pricing the properties correctly. If you price the home appropriately to start with you don't have to wait for someone to "low ball" you an offer and have to go back and forth negotiating the offer. Most people think about real estate as "Location, Location, Location", we at 2ShortSaleGuys.com think of real estate as "Price, Price, Price".
If you are struggling with trying to make your mortgage, please call us today so that we can assist you in educating you with options. Not always is a Short Sale going to help you, sometimes it may be a loan modification, it may unfortunately be foreclosure. But we will give you all your options, not just what you want to hear.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
Hope everyone had a great weekend. Alot of people ask us, "How do you get your homes under contract so fast?". On average, our marketing days are about 46.3 days. That's pretty good when you think about the time it takes to take photos, put a sign and lock box on the home, price the home, put the home in the listing services, upload photos to the listing service and then patiently wait for an offer.
It's not rocket science as Bill would say, however, we do have a system in place to helps us achieve success.
We simply look at what has sold in the neighborhood, take the averages of the solds, compare it the the home in question then we have our price. Alot of our sellers ask why we don't use the prices of homes that are trying to be sold. It actually doesn't matter, because homes listed to be sold are only what people want for their properties, the ones that have sold is what people actually got for the property. It's that simple.
Another reason homes are being sold so quickly now is that most agents that are selling homes are pricing the properties correctly. If you price the home appropriately to start with you don't have to wait for someone to "low ball" you an offer and have to go back and forth negotiating the offer. Most people think about real estate as "Location, Location, Location", we at 2ShortSaleGuys.com think of real estate as "Price, Price, Price".
If you are struggling with trying to make your mortgage, please call us today so that we can assist you in educating you with options. Not always is a Short Sale going to help you, sometimes it may be a loan modification, it may unfortunately be foreclosure. But we will give you all your options, not just what you want to hear.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
Wednesday, May 16, 2012
Success Story
In this weeks Success Story, we are in Winder, Georgia. This was another referral case in that Bill knew the homeowners because they were members of his Church. The homeowners had recently went through a divorce and neither party could afford the home on their own.
The home was kept in immaculate condition and was easy to sale, we had it on the market only about 2 weeks. In this case we ended up having multiple offers on the home. In a short sale the contract for purchase is like any other transaction, it’s between the buyer and seller (homeowner seeking to short sale). There is a lot of misconception that the transaction is between the buyer and the bank, but the only thing the bank does is approve the short sale. In this case, 2ShortSaleGuys asked all parties wishing to purchase to make their highest and best offer so that we are getting the most for the home that we can possible get. Once that is done, that’s when our extremely talented Facilitation Assistant gets to work and makes the magic happen.
The home was on the market less than 2 weeks and we had short sale approval on a first an second mortgage in just under 3 weeks. The buyers were very well qualified and their lender was able to close the transaction in 2 weeks.
The gratification for us is that the homeowner said at closing “everyone told me that short selling our home was going to be a nightmare, 2shortsaleguys knew all the documentation that we were going to need and took that before we even listed the property and made the transaction just as easy as a regular selling of a home”.
Please check out our website and call us with any questions you may have. One stat that absolutely gets to us is that according to the National Association of Realtors, over 70% of foreclosure that occur we’re never listed for sale by the home owners. If you know someone that is behind on their mortgage, please let us know or get them to call us so that we can give them options.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
The home was kept in immaculate condition and was easy to sale, we had it on the market only about 2 weeks. In this case we ended up having multiple offers on the home. In a short sale the contract for purchase is like any other transaction, it’s between the buyer and seller (homeowner seeking to short sale). There is a lot of misconception that the transaction is between the buyer and the bank, but the only thing the bank does is approve the short sale. In this case, 2ShortSaleGuys asked all parties wishing to purchase to make their highest and best offer so that we are getting the most for the home that we can possible get. Once that is done, that’s when our extremely talented Facilitation Assistant gets to work and makes the magic happen.
The home was on the market less than 2 weeks and we had short sale approval on a first an second mortgage in just under 3 weeks. The buyers were very well qualified and their lender was able to close the transaction in 2 weeks.
The gratification for us is that the homeowner said at closing “everyone told me that short selling our home was going to be a nightmare, 2shortsaleguys knew all the documentation that we were going to need and took that before we even listed the property and made the transaction just as easy as a regular selling of a home”.
Please check out our website and call us with any questions you may have. One stat that absolutely gets to us is that according to the National Association of Realtors, over 70% of foreclosure that occur we’re never listed for sale by the home owners. If you know someone that is behind on their mortgage, please let us know or get them to call us so that we can give them options.
For more information, please visit our website at www.2shortsaleguys.com or you may call us at 678-279-5977
Nakia Brooks and Bill Bythewood are licensed Real Estate Salespersons with the State of Georgia and their license is currently held with Keller Williams Realty – Lanier Partners (678) 425-1988
About 2ShortSaleGuys.com
2ShortSaleGuys were formed in 2011 to assist homeowners in preventing foreclosure. For years, we have worked with foreclosures listings and sold foreclosures. We begin searching for ways to assist homeowners in preventing foreclosure.
After almost 20 years in Law Enforcement, Bill Bythewood wanted something different for his wife and kids. He needed something different, something safe and he enjoyed working with people so he made the choice to get his Real Estate License. Bill obtained his Georgia Real Estate License in 2003. He began working with buyers and sellers to buy and sell homes and was very productive. He quickly became one of the Top Sales Associates at Keller Williams and began making a name for himself. He quickly began obtaining clients such as banks and asset management companies that needed experienced agents to sale their foreclosure properties.
Nakia Brooks began his career in Real Estate by obtaining his real estate license in 2006. He too has spent many years in Law Enforcement and felt the need to help people in other ways. Upon issuance of his Real Estate License, he began working with Bill as a Buyer’s Agent. Assisting Buyer’s and obtained his Accredited Buyer’s Representative designation, demonstrating his expertise and dedication to buyer’s. Upon leaving Law Enforcement he began listing homes and managing rental properties for his clients.
Melanie Yarberry has been in the business of Real Estate for over 15 years. Her experience comes from working for attorneys on the closing side. She has managed closing attorney offices and worked in all aspects of the attorneys office. Most recently before coming to 2ShortSaleGuys.com, she worked for an attorneys office working on ShortSale files. She works the file from listing to close and is very experienced in the ShortSale process from beginning to end.
You can find more information about our services and contact us by visiting our website at www.2shortsaleguys.com or calling us at 678-279-5977.
BILL BYTHEWOOD, CDPE, SSS, REOSREO Foreclosure Specialist – Short Sale Specialist
REALTOR ®
NAKIA BROOKS, SFR, SSS, ABR
Short Sale Specialist – Accredited Buyer’s Representative
REALTOR ®
MELANIE YARBERRY
Short Sale Facilitation Assistant
Tuesday, May 15, 2012
Welcome to 2ShortSaleGuys Blog
Welcome to our blog - here we will begin sharing information on what we do on a daily basis.
Some days may be consumer related and others Realtor related.
We are in the business of helping people prevent foreclosure and whether it's helping a client of ours or assisting a Realtor friend - it's all about one thing, informing people against foreclosure.
There are several options, we have experienced numerous situations while facilitating short sales and foreclosures over the years.
Follows on our journey to educate anyone that we can in the ins and outs of short sales.
You can find other valuable information on our website at www.2shortsaleguys.com
You can also contact Nakia Brooks and Bill Bythewood at 678-279-5977
Some days may be consumer related and others Realtor related.
We are in the business of helping people prevent foreclosure and whether it's helping a client of ours or assisting a Realtor friend - it's all about one thing, informing people against foreclosure.
There are several options, we have experienced numerous situations while facilitating short sales and foreclosures over the years.
Follows on our journey to educate anyone that we can in the ins and outs of short sales.
You can find other valuable information on our website at www.2shortsaleguys.com
You can also contact Nakia Brooks and Bill Bythewood at 678-279-5977
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