Author: Atlas Home Group

military relocation and short sales

Short Sale Due to Military Relocation or Deployment

Posted by Atlas Home Group on

Short sales are never easy, given the overall complexity of the transaction.  So when a member of US Armed Forces is suddenly deployed or receives Permanent Change of Station (PCS) orders, the complexity and the urgency increases.

When this happens, the short sale listing agent and short sale loss mitigation company must not only understand the ins and outs of the short sale process; they also have to understand the potential emotional and personal complications that stem from this type of short sale.

On one hand, the potential short sale seller has a duty to follow the orders of his/her commanding officers and on the other hand, there is an obligation to repay the loan to the mortgage company.  When a property is worth less than the outstanding loan balance – about one in 6 homeowners (guess) around the country are under water – and traditional sale is not possible, these duties and obligations collide and serve as an element of additional stress for our service men and women.

At Atlas Home Group and Atlas Loss Mitigation, we understand what our military clients are going through.  After helping hundreds of sellers escape foreclosure, we know what it takes to prepare our clients for the best possible outcome given the circumstances.  Whether it’s advice on the timing, deciphering the intricacies of the personalized short sale roadmap, or connections with local professionals regarding taxes, credit, or legal, our team is always protecting the best interests of our clients.  After all, our military clients are protecting our freedom!

When you combine the above factors, with our in-depth knowledge of the short sale process, it is clear why more military short sale sellers trust our short sale team than any other in Maryland.  We are intimately familiar with lenders’ and investors’ guidelines as they relate to military personnel and PCS orders.  We know how to prepare the short sale package to minimize the short sale timeline; we know what buttons to push with lenders and their short sale negotiators; and we know how to keep the buyers and their agents in the transaction when difficulties arise.

We know that when deployment or PCS orders are given, our military clients do not have time to worry about the details of a short sale.  

Our expert short sale knowledge and understanding of lender guidelines as they pertain to military personnel puts us in a leading position to support those who protect us!

If you are a member of the armed forces and are facing a financial hardship related to your home, contact us today – we can help!

 

divorce and short sale

Divorce and Short Sales

Posted by Atlas Home Group on

Our clients undergoing the difficult process of a divorce understand, that a successful short sale will help alleviate a major financial pain point – so they can focus on healing their emotional pain, and on creating a new beginning.

As short sale experts, we are accustomed to working with clients whose both personal and financial situation is in distress.

Although no two short sales are the same given the difference in servicers, investors, mortgage insurance companies, types of properties, etc – we are able to help our clients navigate the turbulent waters of the short sale process with confidence.  This is especially needed in situations where divorce is the primary factor for seeking short sale services.

What we’ve discovered in working with hundreds of homeowners going through separation or divorce is that this particular hardship adds an emotional element that must be acknowledged and dealt with as a part of the short sale.  

We understand the emotional and financial nature of a marriage break up.

On one hand, there could be negative feelings between the homeowners that prevent clear and timely communication.  On the other hand, there are financial and often parental considerations that must be worked through as the household unwinds.  

Needless to say, such circumstances present a new set of challenges that must be overcome, or at least mitigated, in order for a short sale to be successful.  We also understand that in many cases, short sale of the property is the last thing that holds the divorcing couple together from moving on with their lives.

Our approach is simple: apply empathy and experience to help our clients close this chapter of their lives!

We establish straight lines of communication with all parties involved including divorce attorneys if needed.

We prequalify both sellers for the short sale and explain to each what the process will look like – and it can be different for each.

We answer all the questions based on our experiences dealing with similar situations and we often play a conduit of information between all involved.

Most importantly, we focus on the end result – getting the short sale to settlement while neutralizing the effects of deficiencies – by moving the short sale forward with each communication.

Our divorcing clients understand that a successful short sale will help alleviate a major financial pain point of a marriage breaking up, so they can focus more on healing their emotional pains to create a new beginning.

If you are facing the hardship of a divorce and need to find out whether a short sale is right for you, contact us today – our team of short sale experts can help.