Short Sale

Definition:

When selling your property will not pay off your loan, and depending on your financial condition, your lender may agree to accept less than is owed. This workout requires a full disclosure of your finances to the lender.

 As an investor; shortsale is a better choice.

1) Financing is possible.

2) Property can be previewed prior to sale.

Foreclosure,is a less desirable choice.

1) You must pay all cash and use your own money on this investment

2) No preview of property allowed prior to sale

3) Many foreclosure property is trashed these days; repair cost can be substantial

Foreclosure Presentation by Alan Lee                                                           6/2/2008

Here are some Short Sale professional negotiators contact information. Hope it is useful for some of your transactions.

The Short Sale Company:               877-303-2972 www.TheShortSaleCompany.com;

Short Sale Package.com :              800-497-4071  www.shortsalepackage.com

Short Sale Negotiation Service:  800-563-4870 www.shortsalenegotiationservice.com

Tim Tran, Tran Law Firm :                       206 625 4091; email:timt@tranlawfirm.com

Bennett Tse, Attorney :                     206 374 9592, email: tseatty@yahoo.com

Linda Nguyen, Short Sales Agent :            206 420 9809

The companies do charge for this, some of them try to get it approved to be taken from the payoff, some take it from the agent commission. The agent should investigate to see what circumstance is best for them and their sellers.

We do not have relation with any of the above company, just for your information.