Short Sales with substantial Relocation Costs
In a short sale the mortgage holder agrees to let you sell the house for less than what is owed. Short sales cannot occur without lender approval.
Before the short sale process can begin, the lender who holds the mortgage —typically a bank—must sign off on the decision to execute a short sale. The lending institution will lose money on a short sale, so they request documentation that explains why a short sale is necessary. The source of the financial trouble should be a recent event, such as health issues, job loss, or divorce.
Once the short sale is approved by the lender and the property is sold, all proceeds from the sale go to the lender—so the homeowner often gets nothing and still owes the remaining balance on their mortgage. Therefore, at Stone Legal Solutions we will make sure all the debt is cancelled and the lender will not try to collect any amount left owing after the sale.
We also help clients relocate by paying their relocation costs.
We are always looking for agents we can count on to help us get these deals to the closing table! Our business is mainly referrals from Real Estate professionals all around the country. As an agent we know how important it is to make sure your clients are taken care of. Stone Legal Solutions does not take it lightly when you trust us with your clients. You will receive weekly updates from our office and know every step of the way what is going on in the transaction.
Our growing network partners with agents in other markets outside of New York/New Jersey. We look forward to working with agents that come across distressed properties they can’t close. Reach out to us if you would like to discuss a partnership opportunity. We are always looking for agents we can count on to help us get these deals to the closing table!
Why Partner with us?
Foremost, we are the best in the industry.
Short sales are a niche market that cannot be fully understood until thousands of transactions are completed. The knowledge gained by running into different scenarios and overcoming every objection from a lender, is how we have gained our reputation.
We fight for our clients and will do everything in our power to get your short sale completed. We turn No's into Yes you are approved!
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We provide sound advice for your real estate needs based on our years of training, hard work, and passion, as well as familiarity with legislation and precedent. You’ll find all that you need and more at Stone Legal Solutions.