Short Sales / Loss Mitigation / Pre-Foreclosure


Am I a Candidate for a Short Sale? 
If you are unable or having difficulty making your mortgage payment due to job loss or change, divorce, death of a loved one, illness, etc.  Or if you are having difficulty selling your home because you owe more than the home is worth or if you have an adjustable rate mortgage and your rate and payment has increased so much you are unable to make your payment, you could be a candidate for a short sale.

What is a “Short Sale”?
A short sale is when a lender agrees to take a lesser amount than what is owed against a property. Many times a lender will accept a short payment in lieu of foreclosing on a property because even by accepting less than the balance owed, it is still more profitable overall for the lender than foreclosing, taking possession of the property and everything that is involved in making repairs, marketing and selling that property. The bottom line is your lender DOES NOT want your property, they are in the business of lending money, not selling real estate!
 
Advantages of a Short Sale to Homeowners
There are many advantages to you in allowing us to negotiate a short sale with your lender. There is no charge to you for our service. Allowing us to take over dealing with your lenders will stop the harassing phone calls you are probably receiving. Most homeowners truly appreciate our ability in helping to alleviate some of the worry associate with being in pre-foreclosure. A short sale can help prevent further harm to your credit. If you have late payments, this has already done some damage to your credit, however having a foreclosure on your credit record will be much more damaging and have much longer lasting effects than late payments alone.  Again, we do not charge you for our services in negotiating a short sale. Our profit is based solely on our negotiating abilities with your lender and what your lender is willing to accept as short payment. 
 
More Information
Our clients tell us of the many cards, letters, and phone calls they have received from companies and individuals ranging from offers of assistance to outright guarantees to stop the foreclosure. While some are legitimate, many are not. Many also charge upfront fees ranging from a few hundred to thousands of dollars. The only “guaranteed” way to stop a foreclosure is to pay the full amount due and bring the loan current. We do not guarantee that we will stop a foreclosure; however we do guarantee that we will do our absolute best to negotiate acceptable terms with your lender and prevent the foreclosure.
 Short sales are a complicated and detailed process and can take up to several months to complete. You may continue to live in your home or move during the short sale process, it is your choice.  Short sales are becoming more common and widely accepted by lenders.   In the event we are unable to negotiate a successful short sale with your lender, the foreclosure process does resume, the property is still owned by you and you still owe us nothing. 

We would be happy to speak with you in person and answer any further questions you may have.

JP Ventures, LLC
865-659-9173

A few of the Lenders that we have worked with are:

Countrywide / Bank of America
Litton Loan Servicing
Wells Fargo
Suntrust
Regions Bank
NationPoint Loan Servicing
American Home Mortgage Servicing Inc.