Advise Homeowners on their OPTIONS
Milo makes sure distressed homeowners understand all possible options.
Counsel Sellers
In working with distressed sellers, Milo adheres to state agency and license laws regarding agency disclosure and maintenance of confidential information.
Getting the Price Right
One of his primary goals is to price the property so the seller receives an offer from a qualified buyer with a realistic chance of closing.
Answers Common Questions
Who Do We Talk To? When?
The appropriate department may be called any of the following:
• “Loss Mitigation”
• “Work‐Out”
• “Asset Recovery”
• “Loan Modification”
• “Loan Reinstatement”
“Foreclosure Department.”
All lien holders must be contacted as soon as possible.
Knowledge on Why Short Sales Fail
There are many reasons why short sales fail, including, but not limited to the
following:
X Incomplete short‐sale package
X No reasonable chance of closing
X Inexperienced listing agent
X Release of deficiency
X No hardship
X Junior liens
X Lender
Counsels Buyers
Considering the exponential growth in short sales and the potential for “bargain
deals,” many buyers today, including individuals with little to no home‐buying
experience, are interested in purchasing short‐sale properties. Milo knows However, that not all buyers are ideal candidates for short sales.
Knows how to submit a Short Sale Package
The short‐sale package must be submitted at the direction of the lender.
Knows how to report Seller’s Financial Information
Milo ensures that an owners’ financial statement is constructed very simply with a list of
assets and liabilities.
Good Results in closing Short Sales
