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Distressed Real Estate
Welcome > For Sellers > Distressed Real Estate ...

Distressed Sellers...
It's not too late...we may have a buyer for you!


For Pre-Foreclosure Homeowners, facing reality may seem a little daunting and downright scary.  Like most of us, purchasing our home was a part of the American Dream...but now, facing foreclosure, it may seem more like a nightmare.

If you are a Pre-Foreclosure Homeowner in any stage of Foreclosure, you may not even know all the changes you are likely to go through. And even though there may be a number of reasons why you are in the position you are in, the reality is, the situation is the same for everyone.

The Foreclosure process begins the same and ends the same regardless of who you are, your background, education, race or religion. So putting aside the fact that you are a genuinely good person - just in a bad financial situation, take the time to get the information you need to be able to make the decisions you will be facing.

For some, it is as simple as getting a loan to avoid foreclosure.  For others, the window of time for getting a new loan has passed and your lender is making plans to foreclose.





 

 If you would like an quick email response, Click above! 


Call or
email us anytime - Our Specialized Short Sale HomeTeam can guide you thru the Distressed selling process, possibly saving you from foreclosure!

Your Information is very confidential, and will be treated as such.



  
·
  No fees or costs of any kind to you, the seller in default.

·   We will handle the entire transaction for you.

·   If already listed, get your agent their full listing commission
    not 
paid by you.

·   Let Your Short Sale Home Team negotiate the short sale
     discount –  
saving you many hours of time and increasing    
     your success in
stopping your foreclosure as quickly as 
     possible and finding a
buyer for your property.

·
  If you have a Realtor and wish to continue with that Realtor,
    they 
will retain the listing commission.


·   No more long phone calls and frustrations dealing with loss 
     mitigation.  No more stress and worry while we work through
     this process for you.



In other words


You And Your Short Sale Home Team
or your agent if you choose, list and sell the property. 

Your agent
makes their full commission if they are involved. 
And We do the short sale negotiations.
 
It’s that simple!




FREE
CONSULTATION!
 
Our office boasts a specially trained Distressed Seller Home Consultant Team. 

We will consult with you and find the very best solution to fit your needs, whether allowing you to remain in your home, to arranging a Short Sale.  Once this is determined, and if it's determined that your will need a Short Sale Solution, our consultation team will help you decide which of the several solutions will be neccessary to keep you from a Foreclosure. 

Foreclosure, your last resort, will have a much more negative consequence than arranging your home to be purchased by one of our investors.  Our team has 35 years in loss mitigation and advanced degrees in Foreclosures.  Last year, we worked on 500 Short Sales with high results. 

Call or
email immediately if you would like a Free Consultation

It is important for you to know that we are not attorneys, and cannot offer legal advice.  Any solution we may offer you is not gaurantee to succeed, and there is no garauntee that our solution can prevent you from losing your home to Foreclosure.




DEFINITIONS RELATED TO “DISTRESSED PROPERTIES”

BANK OWNED – Bank owned property is also called “investor owned” and “R.E.O” (for Real Estate Owned by the bank or lender).  These are properties that have passed through the foreclosure process (see below) and are owned free and clear by the bank or lender.

DEFAULT – A legal condition brought about by a borrower/homeowner failing to pay to the bank/lender the agreed monthly mortgage payment for several months.  Default normally is not declared until after at least two months of Delinquency (see below) and the filing of a formal Notice of Default (N.O.D.) by the bank/lender.

DELINQUENT – A behind-schedule condition in which the borrower/homeowner owes one or several payment(s) to the bank/lender.  Normally a pre-condition for the filing of a Notice of Default (N.O.D.) by the bank/lender.

FORECLOSURE – A process whereby a bank or other lender recovers real property from a defaulting borrower/homeowner.  In California the process takes about four months minimum from the time the bank/lender files a formal Notice of Default (N.O.D.) with the County Recorder.  Technically, there is probably not such a thing as a “foreclosure property”, since it is a process and not a condition.  Properties may be termed “pre-foreclosure”, meaning that they are “delinquent” and that a “N.O.D” is anticipated; alternatively, they may have been “foreclosed”, in which case the term is meaningless as the property is now “bank owned” or “R.E.O.”, but the term “foreclosure” is often used (incorrectly) to describe any of these conditions.

SHORT PAY – A settlement between a borrower/homeowner and a bank/lender (most often negotiated by a real estate professional) whereby an owner can avoid foreclosure and satisfy mortgage indebtedness by paying off less than the balance due the bank/lender.  Lenders are not obligated to engage in the process and the borrower/ homeowner must “prove” an inability to continue payments.  It can be described as being very much like “reverse qualification” for the original loan, a sort of “loan disapproval”.  An important change in the tax law concerning short payoff (the correct term) occurred on January 1, 2008: previously, the amount “forgiven” by the bank/lender was taxable to the borrower/homeowner as ordinary income; until the end of 2009, that tax is forgiven on purchase money (not refinanced) debt that is forgiven by the banker/lender/.





 

 If you would like an quick email response, Click above! 

 



It's our job to know all about DISTRESSED REAL ESTATE in Seattle, Redmond, Bellevue & the Puget Sound area!  Ask us any question - or - request a FREE information package.  There's no obligation, and we promise to get back to you quickly!

Your Information is very confidential, and will be treated as such.

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School Reports in Seattle, Redmond and Bellevue, Washington
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Real Estate Tips
Selling Your Home >Deal with the Defects

If you are selling a home, the buyers will probably include a home inspection clause in the offer. This will allow them to hire an expert to make sure that the house is structurally sound and all the systems are working properly.

The time to get ready for the home inspection is before you sell your house! Owners usually know about most of the defects in their house, such as plumbing or electrical problems or leaks that occur when it rains. When you decide to put your home on the market, you should repair any defects immediately. Most purchase agreements require sellers to convey the property with all systems and appliances in working order. You won't save money by delaying repairs, and buyers may be frightened away by an inspection report that contains a long list of needed repairs.

Eliminating maintenance as a potential issue in the sale can help you ensure that the transaction goes as smoothly as possible. This is especially important when there is active construction of brand-new homes in the area.

See All Tips In The "Selling Your Home" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >

Real Estate Trivia
Q 
Which hazardous substance is contained in sixty-four million houses and apartments?

A 
HUD estimates that 64 million homes and apartments built before 1978 contain lead-based paint.
See More Real Estate Trivia >


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Eileen's Team, REALTOR®, real estate agents and broker for Seattle, Redmond and Bellevue Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Eileen's RE/MAX Connected Team
RE/MAX Connected

222 Wall Street, #100
Seattle, WA 98121
Cel: (425) 444-8338
Tel: (206) 441-1850
Fax: (206) 441-1850
Email: GoSeattleRealty@NUMBER1EXPERT.com

Eileen and her husband Randy have 5 children and two darling grandchildren, though they are anxiously waiting for more little ones to spoil. Eileen has been a licensed real estate agent for over 28 years, handling both commercial and residential. During this time she also owned 3 very successful restaurants, a boat yard and a marina. She lives in Issaquah and is passionate about homes and real estate. In fact, she is so passionate that she and her son Jon own a development and construction company, as well as her RE/MAX Connected real estate company. Eileen knew early on, that in order to be successful, she would not only need to continue with the quality of service her clients had come to expect but would need to stay abreast of new technologies and developments in the world of computers. Her office is equipped with the most current hardware and software to better service her clients.

CRS ePro Equal Housing MLS REALTOR



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