Phoenix Solutions LLC
Phoenix Solutions LLC
LIZ ALINA & JAY FELDMAN are Eastern CT's top short sale negotiators and investors. Over the years, they've closed over 50 short sales. Armed with a quality team of negotiators, Phoenix Solutions LLC is accepting short sale files from all attorneys, real estate agents, and homeowners.REGISTER YOUR FREE ACCOUNT to get organized short sale tracking at your finger tips...
FRUSTRATED AGENTS:
Call us at 860.910.4760 to learn how Phoenix can buy and negotiate the short sale for any of your Seller leads WHILE YOU EARN FULL COMMISSION WITHOUT EVER HAVING TO TALK TO THE SELLER'S BANK!Phoenix Solutions LLC
255 Route 12, # 619
Groton CT 06340
Elizabeth Alina is a principal of Phoenix Solutions LLC and a CT real estate salesperson with ERA REALTY PROs, Waterford, CT.
Short sales can be stressful and a time-consuming process. But in many cases they will be necessary in order to get you out from under your mortgage debt, especially with property values declining like they are today. By doing a short sale, you will be able to take a large bite out of the money you owe to your mortgage company, so that you are no longer liable for the entire amount.
In order to start the short sale process, there are several documents that are needed from you (see below). First off is a third party authorization. This form is so that a third party can speak to the bank on your behalf. This will be included with the rest of the short sale package, or it can be sent over ahead of time. In cases where your Lender requires your property to be listed in order for them to accept a short sale, then we can refer you to many of our top-producing, local agents that we have worked many successful short sales with.
Typical Short Sale Requirements (to be collected from the homeowner)
- Hardship letter – which states what happened to cause you to fall behind, when it happened, and what you’re doing to fix the situation
- Financial worksheet – a breakdown of all your income and expenses
- Your last month of pay stubs or a recent profit and loss statement if self-employed. If you can’t provide either of those then you’ll need a signed and dated explanation of why.
- Your last two months of bank statements
- Your last two years of tax returns (the first two pages only)
- Purchase and Sales Agreement and a listing agreement
In some cases your lender may require additional documentation, or they may require updated documentation, so always keep important paperwork handy and be ready for those requests! If you’re unable to provide requested paperwork in a timely fashion the lender may close your file and you’ll need to start all over! *please note: If you don’t have one or more of the short sale required documents please hand write a letter stating why you do not have that document(s) and sign and date it.
Once those documents are collected the short sale package will then be submitted to the lender(s) and the process will begin. And once the process has been initiated on your property you’ll be able to check the current status of your short sale by visiting Phoenix Solutions LLC. You will be given a secure login and password to view the status of your short sale in Real-Time. You’ll also be able to access any other documents you may need, or that will be needed from you.
Create your account today to get started!