Military Relocation Specialist serving Virginia Beach, Norfolk & Chesapeake Homes for sale
Real Estate by Sean Schroeder, Realtor.  Serving all of Hampton roads!
Always free real estate advice for home buyers and sellers.  
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Realty Executives, is here for you because of the changing market! 

Now offering LIVE HELP!  If you have a real estate question, or a specific need requiring an immediate answer, use our LIVE HELP feature to speak to one of our live agents.  Our Live Agents can answer questions regarding specific listings that you see anywhere on this site, in the MLS or general questions regarding the sale or purchase of homes.  We urge you to take advantage of this free service.

 757-839-3954
sellshort@hrshortsales.com

Bank Of America has announced it plans to lay off 30,000 employees in an attempt  to break free from bad mortgages.  Currently Bank of America is consolidating their in house short sale negotiators into more central locations.  Moves like this result in more lost files, loss of contacts and major delays.  It is imperative that if you have a Bank of America home loan, and need to sell as a short sale that you call 757-839-3954

Bank of America short sales
Wachovia, Wells Fargo, Citibank, PNC and GMAC short sales get professional help

Chances are you dealing with the same issues that everyone else is.  Your home is worth considerably less than it was years ago, even less than what you currently owe on it.  The end result you are upside down, we offer short sales solutions and can help!

You need two professionals to help you.  First you will need a real estate agent, REALTOR®, who understands short sales and an attorney  who will represent your case to the bank.  

Do you have a home loan from Bank Of America, Wachovia, Wells Fargo, CitiBank or PNC bank.  Are you finding it more difficult every month to make your mortgage payment? Not sure who to turn to?  Have you tried to call Bank of America, Wachovia, Wells Fargo, Citibank or PNC bank regarding a Short Sales and they have all suggested that you go through HAMP and HAFA first?  The big banks such as Bank of America, Wells Fargo, Wachovia, CitiBank and PNC will all first try to get you into the governments HAMP/HAFA program, and after months you may just be turned down and be stuck with a big bill!

If your home loan is with Bank Of America, Wachovia, Wells Fargo, CitiBank or PNC bank and you feeling the strain of making your monthly payment we are only a call away ( 757-839-3954 ) we want to talk to you!

Bank of America and the other large banks have so many layers of complexity, by design, that you need a professional to manage your short sale file.  The banks have been known to lose documents many times over.  Whether this is by accident or design it works only in their favor.  Their negotiators are trained to stall and delay many times requiring the short sale negotiator to stay on the phone for prolonged periods of time. 

If you need to stop or stall a Bank Of America foreclosure or a foreclosure from any other bank call us immediately!

Bank Of America, Wachovia, Wells Fargo, CitiBank or PNC bank.

The truth about short sales.

Myth 1:  Short sales are a long drawn out process

The fact is short sales do take more time than a traditional sales.  We have seen short sales take 30 days and others have take 60 to 90 days.  There are many factors that influence this time frame.  The biggest delay is generally waiting for bank approval.

Are you one of the many home owners with a Bank of America, Wachovia, or Wells Fargo home loan?  My team and I are interested in talking with you.

Myth 2: Sellers must be behind in payments to qualify for a short sale.

As the seller you decide if you want to list your home as a short sale, and the purchase is contingent on the banks approval of the short sale.  The bank(s) consider your HARDSHIP, Financial position to determine if you qualify for a short sale.  The final purchase price is based not on what is owed, but is instead determined by the fair market value of the property as determined by an appraisal or BPO all of which must site comparable sales.

Myth 3: The Bank would rather foreclose than do a short sale

The banks would rather do a short sale than foreclose on your home because the foreclosure process is extremely costly and time consuming.  Banks and the investors as well as the Government would much rather pursue a short sale where the seller is qualified.

Myth 4:  The bank has already started the foreclosure process there is not enough time.

Foreclosure doesn't happen overnight, it is a long drawn out process and the bank can stall a foreclosure at any time!  Many times all it takes is a phone call and a copy of a listing agreement!

Who do you hire to handle the short sale for you?

You will need a team to help you. a Real Estate Agent who can market and negotiate a strong initial offer for the attorney to negotiate with the bank.  There are many agents who will negotiate with the banks but as Real Estate Agents we are trained to sell homes, we are not trained to negotiate deals with lenders, we don't' know the laws and have no true authority that the banks recognize.  When you have the right team you can tell your bank to "talk to my attorney" and your attorney can rely on your real estate agent for the market information needed to fight with the banks.