Bridgeway Property helps you for a short sale

Are you underwater on your house and owe more than it is worth? You are probably a good candidate for a short sale and we can help. We partner with a law firm who negotiates and handles that process with your lender. This law firm, unlike most will represent you in the transaction. Typically your lender wants you to have representation because they don’t want to deal with you directly, and so your lender will pay our fees and the attorney’s fees.

Phn: 678-278-9595 Web: www.bridgewaypropertygroup.com

To perform a short sale, you have to have 2 things:

1) a hardship that can be proven as to the reason that you can no longer pay your mortgage

2) A buyer. If you have those 2 things, your lender wants you to do a short sale and they may even pay you to do one. They don’t want your home on their books!

Phn: 678-278-9595 Web: www.bridgewaypropertygroup.com

The steps to a short sale are:

1. Continue to do whatever you have been doing – not paying your mortgage, paying your mortgage, living in the home, etc…

2. Get your home listed ASAP to show the lender that you are serious about getting rid of the home and finding them a buyer (we can be the buyer) to take it off your hands.

3. Clean up a little but only clean up, don’t spend money, as the lender does not like for you to do that.

4. Get an inspection from our inspector if there are repairs that the lender needs to know about so that we can send in a professional’s opinion of the condition.

Phn: 678-278-9595 Web: www.bridgewaypropertygroup.com

5. Take good photos to have presented to the lender.6. Start filling out your hardship package that our Attorney will prepare

for you.7. Stop paying your mortgage or continue to pay – your choice.

Depending on whom and what kind of mortgage you have, you may be required upon approval to be behind.

8. We can make a cash offer after it’s listed with our Agent who works with our Attorney regarding your short sale package.

9. Wait for an approval – this can take up to 60 days.10. After we have approval, you will be closing within 25 days so you

will need to move if you have not already.11. You will not have to attend the closing, they can do a mail-away or

you can go in early and sign your portion.

Phn: 678-278-9595 Web: www.bridgewaypropertygroup.com

The benefits of a short sale to you are:

1. You will owe the lender no more money unless you agree2. If the home is your primary residence, you will not owe the

IRS if you close by December 31, 20133. Your credit score will drop slightly but you will be able to

purchase again within 2 years – some people are able to purchase immediately

4. Your credit will not have the mark of Foreclosure, which can be devastating to future employers, landlords and lenders.

Phn: 678-278-9595 Web: www.bridgewaypropertygroup.com

Bridgeway Property Group

Address: 4850 Sugarloaf Pkwy. Suite 209-247Lawrenceville, Georgia 30044Ph: 678-278-9595Web: www.bridgewaypropertygroup.com

For more Information, Please Contact Us!