Maui Real Estate Sales, Marketing and Property Management

Short Sales


  Short Sales

Do you owe more on your property than it is worth in this current market?

Are you making mortage payments that are increasingly hard to pay?

Are you in an Adjustable Rate Mortgage?

Are you 100% financed or have a pay option ARM?

 Are you wondering how you are going to get out of your mortgage situation?

 

NO FORECLOSURE and NO BANKRUPTCY! 

If you answered yes to any of these questions, we would like to speak with you to let you know there is a solution. If you owe more on your property than it's worth, and you need a solution. Contact us. We can assist you. We can structure a short sale on your behalf as we have investors wanting to buy your property. This service costs you nothing. We get paid after we close on the purchase and convey title to the new buyer/investor. Questions? We have answers. If you are in default on your loan(s) and are in need of assistance in selling your property prior to foreclosure, please fill out the form below. We have investors that will purchase your property.

A short sale can be your solution prior to going to foreclosure or bankruptcy.

Short Sale Tax Lifted for 2007 -2009

December 20th, 2007

President Bush signed the Mortgage Relief Act today.  The Forgiveness act will allow sellers to sell their homes by short sale without receiving a Form 1099 for the deficiency ( difference between what they owed the lender for their home and what they received from a short sale).  This Act is retroactive from January 1, 2007 and will last until December 31, 2009. That means if you sold your house in a short sale this year, you will not have to pay taxes on the amount you were short.  If you need to sell your house because of

  •     job loss,

     

  •     divorce or separation,

     

  •     medical bills,

     

  •     business failure,

     

  •     adjustable rate mortgage reset, or similar reasons,

    but you owe more than your home is worth, then you won’t have to pay taxes on your loss or have a 1099 that raises you to a higher tax bracket. If you are facing foreclosure, take advantage of the Mortgage Relief Act now.  Act now to start fresh in 2008!

Your Lender can't speak with us unless and/or until you have given them your written permission.   When you have completed this form, a Letter or Letters of Authorization will be prepared by us and emailed to you for your signature.   If you have any questions, or need help completing the form, please email your distressed property specialist or call 1-888-259-7774 ext. 2.

 

 

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Borrower

First Name:

Last Name:

Address Line 1:

Address Line 2:

City:

State:

Zip Code:

Home Phone #:

Work Phone #:

E-Mail Address:

 

Property

Estimated Property Taxes:

$

Estimated Fair Market Value:

$

Describe House and Condition:

 

First Mortgagee

Mortgagee Name:

Mortgage Loan #:

Address Line 1:

Address Line 2:

City:

State:

Zip Code:

Phone # (Toll free preferred):

Fax #:

Contact's Name:

Contact's Direct Phone #:

Approximate Loan Balance:

$

Date You Made Last Payment:

Monthly Payment:

$

Taxes Included In Above Amount?:

Yes      No

Property In Foreclosure?:

Yes      No

Property Listed For Sale?:

Yes      No

Broker (If For Sale)?:

Currently In Bankruptcy?:

Yes      No

Briefly Describe What Caused The Default And What You Wish To Do:

 

Second Mortgagee

Mortgagee Name:

Mortgage Loan #:

Address Line 1:

Address Line 2:

City:

State:

Zip Code:

Phone # (Toll free preferred):

Fax #:

Contact's Name:

Contact's Direct Phone #:

Approximate Loan Balance:

$

Date You Made Last Payment:

Monthly Payment:

$

Taxes Included In Above Amount?:

Yes      No

Property In Foreclosure?:

Yes      No

Property Listed For Sale?:

Yes      No

Broker (If For Sale)?:

Currently In Bankruptcy?:

Yes      No

Briefly Describe What Caused The Default And What You Wish To Do:

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