FORECLOSURE / SHORT SALES

The news abounds with daily reminders of the ramifications of the sub-prime mortgage meltdown.  As many individuals in recent years bought into a skyrocketing real estate market with ill-advised “interest-only” and “negative amortization” loans, they unfortunately were met with a rude awakening when the loans reset with higher interest payments and the market cooled.

Whether you are currently a seller who was unfortunate enough to have been caught in the midst of the meltdown, are a buyer seeking to purchase a foreclosure or pre-foreclosure property, or a homeowner that has been victimized by a loan modification scam, the Gordon Professional Group with its team of agents and attorneys can assist you.    

BUYERS -
As the numbers of foreclosures keep rising, so do the opportunities for savvy real estate buyers. Woe to the buyer, however, who believes that buying a foreclosure is a simple task that involves writing a check and taking over a property. While there are definite financial rewards to be gained, the path is littered with many traps for the unwary. Many an inexperienced buyer has attempted to navigate the turbulent seas of foreclosure only to see his financial vessel torpedoed to the bottom.
Inexperienced buyers need to gain knowledge quickly to compete with other buyers and investors and must be willing to accept a much higher level of risk in buying a property in foreclosure. Having the Gordon Professional Group working as your advocate may be critical to your success in ensuring that the property can be mortgaged, the title is clear, and that the seller will be able to close the transaction in a timely manner.  The Gordon Professional Group can assist in not only locating and negotiating for these properties, but can also provide invaluable counsel in avoiding traps that can destroy a transaction as well as your finances.   The Gordon Professional Group on a daily basis scours the Multiple Listing Service as well as county tax records conducting detailed searches for foreclosure properties meeting the criteria that its clients are looking for.  

With interest rates at near-record lows, prices bottoming out, and the influx of foreclosure and pre-foreclosure properties on the market, many industry pundits have opined that there may have never been a better time to buy real estate for the long-run than now.  While of course this can be debated, one thing is for certain: caution to the buyer who “blindly” walks into a real estate transaction without an understanding of the many “traps” that may imperil the deal, as well as the hidden opportunities that may reward the savvy investor.  The Gordon Professional Group is your peace of mind and security knowing that your purchase is in professional hands.  
CALL OR EMAIL US TODAY SO WE MAY CONSTRUCT A CUSTOMIZED SEARCH FOR YOU THAT WILL SPECIFICALLY TARGET BANK-OWNED AND SHORT SALE OPPORTUNITIES.   

SELLERS –
Due to the weakening economy, many families and individuals have found themselves in situations where making the monthly mortgage payment is either impossible or stretches the respective budget beyond reason.  For some of these individuals and families, a short sale may be an attractive alternative to foreclosure.  Some of the many benefits of short selling a property versus letting it go to foreclosure include:
•    Less impact negatively affecting a credit score;
•    Being able to purchase another property sooner;
•    Oftentimes being able to stay in the property longer while the bank  considers the short sale;
•    You are in control of matters.

At the Gordon Professional Group, we understand that the process of going through a short sale can not only be stressful, but also intimidating.  The documents that must be collected and the forms to be prepared are often complex and differ from lender to lender.  Additionally, there are often tax and deficiency questions to be addressed and considered before opting to engage in a short sale.     

Traps and perils abound for the unwary seller who is not educated and informed on any hidden risks that might be lurking in a short sale.  Unlike many other “regular” brokers who are forbidden to opine on matters of law, some members of the Gordon Professional Group are licensed real estate attorneys in addition to being brokers.  
The facts and circumstances giving rise to a short sale can often be frustrating and distressing for many families.  The Gordon Professional Group will handle your matter with empathy and a level of professionalism and competence that will enable your family to begin on a path to a new beginning.
Call or email us today to see how we can help.