1. Short Sale Your Home With the right partners, it’s easier than you think.

2. Did you know… You can Short Sale your home EVEN IF you are not behind on payments? A Short Sale can potentially help you Avoid Foreclosure? There are programs out there that may PAY you to Short Sale your home? There are no out-of-pocket fees to short sale your home

3. Getting Started… Getting started can be the scariest part; especially if you do not have a partner you can trust… Here are some things you’ll want to have ready when you interview your Short Sale Marketing Team:

4. Short Sale Packet Most Recent 2 Bank Statements Most recent 2 mortgage payment vouchers If you are behind, any communications you’ve received from your bank Most Current 2 years Tax Returns Utility Bill Bank Authorization Letter  We will provide Financial Worksheet  We will provide Letter stating why you are in the position you are in, and why you need a short sale.

5. The Nuts & Bolts To effectively Short Sale your home, you must find a buyer willing to buy the home. It is extremely important to interview and hire a team that specializes in Marketing Short Sales. Short Sales are a different game and require creative marketing and pricing strategies to attract quality buyers to your home. What do you look for???

6. Characteristics to find You want a Team handling your Short Sale Marketing. They are a lot of work for one person to do effectively. Your Marketing Team Should be partnered with or have an in house Short Sale Specialist; either an Attorney or Highly Trained & Experienced Real Estate Agent They must have active Short Sale inventory

7. After The Hire… The process is not quick [usually] so the property must be priced well to attract buyers fast and get an offer into the bank; in some cases your marketing team may suggest opening a file with your bank before an offer is received depending on your circumstances. Property Marketing Receive Offers Hire Submit Short Sale Package to Bank Bank Determines Value (BPO) Bank Negotiates Price (Counter Offer) Offer Acceptance Property Inspections Appraisal Closing SOLD

8. Terms you’ll want to know BPO – Broker Price Opinion is an opinion the bank seeks from a third party Real Estate agent or Appraiser to check the value of the asset (your house) Negotiator – A representative of the bank tasked with minimizing the losses on the Short Sale and acting in the Bank’s best interest. HAFA - In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP). The HAFA program took effect on April 5, 2010 and sunsets on December 31, 2012. Via REALTOR.org Foreclosure Auction – The final result of Foreclosure Proceedings transferring ownership from the mortgagee to the bank (or highest bidder at auction)

9. Questions? For more information, visit us online: www.SpokaneShortSaleSolution.com Or Call: (509) 990-7653 Brandon L. Marchand, Managing Broker THE SPOKANE HOME GUY GROUP KELLER WILLIAMS REALTY SPOKANE brandon@spokanehomeguy.com