Most investors have been hearing the buzz going around about short sales. There are literally thousands of local properties that fall under this category. Many investors have some basic knowledge of how to do a short sale, but lack certain key resources. There are also some of you who may have resources but lack the knowledge, and would like to work some short sales into your portfolio. If this is true for you, then you have come to the right place and to the right people! MYclosing can provide not only the knowledge but also the resources, such as the ability to fund out a deal, access to attorneys and real estate agents, and direct contact information and intimate knowledge and tons of experience of how the short sale process works.

Many of the investors we work with are people, just like us, who have come across distressed homeowners or distressed properties either through their marketing efforts or via word of mouth. If that’s you and you aren’t sure what to do next, we can help! Investors are usually better prepared to handle the longer amount of time that is required to purchase a short sale. Investors are also better prepared to deal with the repairs that may be needed to bring the home up to move in condition. Short sales offer major opportunities to purchase properties with discounted costs, many times receiving thousands of dollars in instant equity.

To start the process, we’ll need to collect a third party authorization and short sale package from the homeowner. The authorization enables us to speak to the bank on their behalf, and the short sale package is made up of all documents required by that particular lender (required documents are listed within each lender’s short sale package). Once we have those documents we’ll submit them to the bank and you’ll be able to view the status of the file on this website, as well as download any and all necessary documents for the short sale.

As overwhelming as all the details may seem, the short sale process does not have to be so hard, you just have to work with the right team. MYclosing is that team! Don't give up like so many investors do, don't make costly mistakes, don't lose a deal, instead sign up today and take action!

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