Short sale transactions are often complex and time consuming real estate sales transactions. A short sale, by definition, is a transaction where the title to real property transfers to a new owner even though the sale price is insufficient to pay the total of all liens and the closing costs of sale. It’s where the seller does not bring sufficient liquid assets to cure all deficiencies against the title to the property.
With the current state of the housing market, a need has developed for a professional, intelligent solution to the additional burden placed on a listing agent when working with a short sale. With all the additional time required and the constant attention needed to successfully obtain a short sale approval, it is plain to see how an agent with little experience or an agent with more than a few short sales can be easily overwhelmed. The amount of follow up will decrease the likelihood of a fast, straightforward transaction.
Constant communication and coordination is essential to ensuring a successful short sale. There are many factors that go into short sale negotiations and every file is different. No guarantees can be made on the outcome of each transaction but, a good short sale company will certainly increase the chances of success. The key is to work with a company that is willing to stay persistent with lenders and keep you updated along the way.
Enter New Horizon Mitigation Services, a short sale processing company operated by a licensed real estate broker in New Jersey which is currently helping real estate professionals acquire short sale approvals much faster than the industry average. Over the years, they have learned exactly how the short sale process works with many different lenders and we know what they are looking for. This means the chances of approval are greater and the need for going back and forth with bank representatives for months is eliminated. This knowledge and experience has proven itself time and time again and they are here to help you successfully complete your short sales in less time with less frustration.
By outsourcing to New Horizon, real estate professionals free up their most important asset –TIME. This allows them to focus on other important aspects of the transaction and their business. With a proprietary system in place they incorporate great servicing techniques. Systemized procedures keep the process moving, ensures your file is updated on a consistent basis, allows for postponement of auction dates, and communicates effectively with all parties. New Horizon Mitigation Services delivers more than typically expected of a processing company. For additional information please contact them by phone at 908-838-9729 or visit them on the web at www.nhmitigation.com.
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