The JK Short Sale Process
JK approaches each situation individually and works to achieve the best outcome – at no cost to you. We handle all the complex details and you remain in control. If a short sale is no longer in your best interest you can cancel it at no cost.
This proven process eliminates the stress of dealing with your lender, gives you the best chance to stop foreclosure, and enables you to move on with your life without worrying about unintended negative consequences.
- Initial consultation. In this meeting, you'll speak to an experienced and knowledgeable homeowner coordinator about your situation. This is your opportunity to ask questions and learn about the process. If your situation has complexities that require further consideration, JK will refer you to legal and tax advisors with the expertise you need.
- Short sale documents. If you decide to pursue a short sale, we'll send you our short sale package that contains the documents required to start the process.
- Listing with Real Estate Agent. JK will refer you to a licensed real estate agent knowledgeable about your local market. The real estate agent will list the property and prepare a market valuation. This valuation can be used for comparison to the HAMP approved listing to assess the viability of the short sale if your lender is a participant.
- Initial Offer. If your loan qualifies under the HAMP program, JK negotiators will coordinate to get your listing price preapproved. If your loan does not qualify under HAMP, JK, or an investor buyer, will make the initial offer. This starts your short sale immediately, makes it possible to stop a pending foreclosure, and reduces the waiting period for subsequent buyers. While the lender is preparing their valuation of the property, your real estate agent will list the property and find an end buyer at market value.
- Negotiate with Short Sale Lender. We'll make a series of offers and counter offers to the lender. Once we reach an agreement that meets your terms, we will provide written documentation to you of the settlement..
- Close the Short Sale. If the terms of the short sale are acceptable to you, you will close the real estate transaction at a local title and/or escrow office.
