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Dear Mr & Mrs ________ ,
Thank you for choosing The Phoenix Agents @ Thompson’s Realty to list your home as a short sale. We’re pleased to be given the chance to assist you through this difficult transition. We have family, friends and numerous clients who’ve been where you are, and we know how to make the process easier, quicker and more successful.
Your home will appear in the MLS within 24 hours, and you will be given a chance to approve the MLS entry for accuracy. Meanwhile, please forward the following to us within the next 14 days so we can complete your file and be ready when a buyer makes an offer:
- Current mortgage statements from every loan on the property
- Paycheck stubs for the past 2 pay periods
- Tax returns for the past 2 years
- Completed Sellers’ Property Disclosure Statement
- Sign the enclosed letter to your lender authorizing us to speak with them
- Begin working on the enclosed Financial Worksheet detailing your income and expenses
Marketing Your Home
Our goal is to get an offer on your home within 30 to 45 days, by aggressively marketing it in the MLS, dozens of other national websites and our agent network.
Negotiating Your Short Sale
Once we have an offer, we’ll work with your attorney to submit the offer and the above documents to your lenders. We’ll actively manage the communication process with your lenders with a goal of getting a short sale decision within 60 to 90 days, and a closing within 30 days after that.
Protecting You Now, and in Future
We strongly recommend you hire an experienced short sale attorney to assist you with this transaction, and work with an experienced CPA as well. These two professionals can help us to help you to avoid future taxes and lawsuits in connection with your short sale. In almost every case, the attorney and accountant fees are paid through the process of the sale, with no out of pocket costs to you. We recommend Scottsdale Law Group and Thomson Law. We also recommend Brad Huss and Associates CPAs who can help you avoid being taxed on the unpaid mortgage balance.
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Wondering if a short sale is the right option for you? Contact us anytime; we’re here to make this difficult process easy.
This information pertains to metro Phoenix, Arizona in 2011. If you're reading this from another locale or long after the publication date, please consult a professional in your area. We are Realtors, but we are not your Realtors; get local, professional advice.
