A short sale takes place when you owe more on your property than it is worth. Either you have one mortgage or multiple mortgages on the property and the value has gone down below the sum of those mortgages. In laymen’s terms, “the property is upside down.” This is the scenario of 95% of the properties we buy. So no worries, you are OK and we will help. We are experts at this process, we speak to all the major lenders multiple times a day, and we will get your problem solved and we will be able to buy your house.
State of the Art Technology - Land Bankers, Inc. utilizes a revolutionary short sale software system that creates the lender submission package for your property and is presented to the bank negotiators in a format that is designed to pass their lender audits and get through the process quickly. Our software is designed to duplicate the lenders’ systems which breeds familiarity and ease of use for the lenders’ staff. We grant access to our system to all parties involved in your property. We give the lenders’ negotiators a password and let them see the files they need to get the deal closed. We also give you a password so you can see where we are at in the process. This creates an atmosphere of transparency and extreme convenience so all parties can quickly see your file and perform their respective duties. This gets the job done fast!
Also, we use the same evaluator tools that banks use. So we not only present an offer, but we compare that to what it would cost the bank if they took the property to foreclosure and sold it on the REO market. These are analytics that banks need and we are the only firm who provides it. We are an advocate for you and we build a strong case with the lender to accept our value. No one else has this software and it is just another component of why we are leaders in the field.
