A short sale is one of the best ways to AVOID Foreclosure. WE will buy the property in cash through a short sale and will release the homeowner from the mortgage, get relocation money for the homeowner (HAFA SHORT SALE $3000-$10000), save your credit, lower your stress….

The Short Sale will help (you) a homeowner by releasing them from the mortgage and they never have to pay on the mortgage again.

When a homeowner defaults by failing to make payments on their mortgage, the bank or financial institution that holds the mortgage note may foreclosure on the property. The lender begins the process by filing records with the court. Foreclosure gives the legal ownership of a property to the bank or lending institute to try and recoup its investment.

1. One month after the homeowner misses a mortgage payment; he/she is in default and will be notified by the lender.
2. Three to six months after the homeowner misses a mortgage payment, assuming the mortgage is still delinquent and the homeowner has not made up the missed payments within a specified grace period, the lender will begin to foreclose.

The farther behind the borrower falls, the more difficult it becomes to catch up, since lenders add fees for payments that are 10 to 15 days late.

In Hawaii, the pre-foreclosure PROCESS WORKS AS FOLLOW:

1. NOTICE OF DEFAULT

Sent by lender to you if a mortgage is in default. This is the first step towards beginning the foreclosure process.

2. COMPLAINT/LIS PENDENS

The lender, if they do not receive the entire balance due by the deadline outlined in their notice to you will refer the loan to an attorney to file a foreclosure action.

3. SERVICE

Once the Complaint is filed, a copy of it and summons are given to a process server to locate you and serve you. This is your official notice that the foreclosure has been filed and you are, assuming service was proper, under the personal jurisdiction of the court. This is usually completed within 30 days of the filing of the Complaint.

4. DEFAULT

After service of the Complaint and summons, you have 20 days to file a responsive paper or the bank, through its attorney can ask the court to default you. If you do respond, you can raise defenses, try to dismiss the case, request documents and information from the bank

5. MOTION FOR SUMMARY JUDGMENT

Once the Borrowers and other Defendants are defaulted or have responded, the bank will file its Motion for Summary Judgment and affidavits to support that motion. That Motion is a request to the court to basically award them everything they asked for in their Complaint, which is essentially, the right to sell the property to collect the amounts due to them.

6. HEARING ON MOTION FOR SUMMARY JUDGMENT

The Bank is required to set and attend a hearing before their request for judgment will be granted. This generally occurs anywhere from 90-150 days from the date of filing the Complaint

7. FORECLOSURE SALE

If judgment is granted the clerk sets a foreclosure sale – this can be anywhere from 30-200 days from the date of entry of the judgment – depending on the County.

8. TRANSFER OF TITLE AND EVICTION

Ten days after the sale, if no objections to the sale are filed, the clerk issues title in favor of the party that purchased the property at foreclosure sale. At this time, you are officially not the owner of the property and can be evicted.

• YOU lose your home
• Affect your credit 200-400 points
• YOU CAN’T ask for a new loan for a long period of time.
• YOU DON’T get any money in a foreclosure.
• YOU have to leave the property or get evicted
• The bank can come after you for 9-20 years (they can take your paycheck)

SHORT SALE: A short sale is where a bank or lender will agree to accept less than the full amount of the mortgage. This allows individuals to sell the house to an investor or other buyer for a good price, while the lender recovers the bulk of the amount due without having to pursue foreclosure proceedings.

A short sale is one of the best ways to AVOID foreclosure

DEED IN LIEU: A deed in lieu of foreclosure is an agreement that a borrower makes with their lender that involves the borrower turning over the title of their property to the lender. The lender effectively owns the property at that point, and the borrower can avoid foreclosure proceedings as a result.

LOAN MODIFICATION

BANKRUPTCY

HOW LONG DO I HAVE BEFORE THE BANK TAKES MY HOME?

Depending on the court schedule, it usually takes approximately 180-200 days to effectuate an uncontested foreclosure. This process may be delayed if the borrower contests the action, seeks delays and adjournments of hearings, or files for bankruptcy. It will also depend a great deal on your mortgage holder and how aggressively they pursue your case.

• We are a SHORT SALE specialist,
• We helped more than 400 homeowners since the crisis hit (2008),
• we achieve 99% rate of SHORT SALE approvals
• we have 100% rate of waive deficiency for the homeowners meaning you are not longer responsible to pay any difference from the result of the short sale of your home.
• We are responsible for keeping over 400 homeowners out of foreclosure.
• We can stop the foreclosure for free
• We do all the short sale process for free
• we can help to get you $3000-$10000 in relocation money from the bank.
• We can help you to save your credit.
• THERE IS NOT COST TO YOU!!!!

You can go on with your life improve your credit and buy another home the very next day after finish your short sale process (the ability to buy another property depends of your credit rating and because a short sale just affect your credit score in average of 50 to 70 points you can rebuild that in a short period of time and qualify for another home).