Foreclosure can be the most stressful experience in a person's life.  Having the stigma of having a home repossessed by the lender through foreclosure, or your plummeting credit for everyone to see is enough to make most of us stressed beyond belief.  Couple this situation with job loss, death, divorce, separation or dozens of other hardships and it can be too much to bare . 

Homeowners buying homes in 2004 through 2006 at the height of the market, are now facing the reality they bought a home they really couldn't afford. The ease of purchasing enticed homeowners with what they thought might be a simple ARM, but later finding they were soon over-encumbered with debt, having financed as much as 110 percent of the sales price of their home.  As a result, homeowners now find themselves with unaffordable monthly payments and spiking interest rates bringing the new payment to as much as 25 to 50 percent higher than the initial payments they made.

Most of us are left looking for a way out of a overwhelming financial situation and the possibility of starting over. If you're here, we're assuming your other options have been exhausted, so the next step might be attempting to get the lender to agree to a short sale. A short sale is an option for a homeowner who has exhausted thier efforts. Selling a home via a short sale is a legitimate method for stopping the foreclosure process, allowing the homeowner to get on with life and without further damage to their credit.

By definition a short sale is where a lender accepts a pay off less than what is owed on the mortgage. Today we call this type of property “upside down“. The homeowner AND LENDER must agree to the short sale. 

Lenders do not like to own real estate.  They lose money when mortgage payments aren't paid and they have to foreclose on the property. Foreclosure costs an average of $50,000.  Then the lender needs to upkeep the house, pay taxes, maintenance and when an abundence of property ends up on their books, they will consistently be loosing money. So, in some instances, agreeing to a short sale is in the lender’s best interest.

Many lender's will consider a short sale in this market.  Rapid Property Relief, LLC purchases property via a short sale which is a legitimate way to avoid foreclosure.  We provide the property owner with all the paperwork necessary, and our negotiator who works diligently with your lender for the acceptance of a short sale.  We work with a negotiation team that has has over a 90% success rate obtaining approvals. This is the number one reason we work along side of them.

We work with your Realtor if you already have your home listed, or we'll bring in a Realtor experienced in short sales to help the process go smoothly. Possessing a real estate license does not make them an automatic expert in short sales. It calls for extra training not all real estate professionals have.  We all play a part in the success of the short sale puzzle. 

It is important to not wait.  To avoid the situation and not take action will only make things worse, and ultimately to foreclosure.  You do NOT HAVE to be behind on your payments, but you DO have to have a hardship.  Call us TODAY and we will evalulate your situation with sensitivity to see if you qualify.

We work in New Hampshire and Massachusetts.