With all the changes in the real estate market, Bloom / Van Omen - the official real estate partner of Scottsdale.com - has been able to provide a service called "Short Sales" to homeowners that are behind on their payments, owe more than their house is worth or who want stay in their home and lower their payments. Many homeowners are choosing a short sale to improve their financial situation.
What is a Short Sale?
A Short Sale is when the bank takes less than what is owed. Bloom / Van Omen handles the short sale process for homeowners by finding qualified buyers and negotiating terms directly with the bank on behalf of the homeowner. The process is simple: a representative meets with the homeowner, analyzes the property and the current situation of the homeowner. We implement a plan of action that will allow the homeowner to avoid foreclosure or reduce their monthly payments through a loan modification.
Our team has many years of experience and has helped hundreds of homeowners avoid foreclosure and, in many cases, stay in their home through modifying the loan. Every case we work is different depending on the banks involved and the homeowners (past and current financial situation). Our track record shows that we can handle all different types of situations. A typical short sale process takes around 90-180 days, but can move quicker or slower depending on a variety of factors. Recently, most banks have been responding quicker but every bank is different. During the short sale process the homeowner stays in their home and will have peace of mind knowing they have short sale experts working on their behalf.
Call our office and set an appointment with one of our short sale experts. 480-745-1744
A representative from Bloom / Van Omen will come to your home or you can come to our office in North Scottsdale.
Review the short sale packet, fill-out information needed, collect list of documents needed.
Our office will submit the initial packet to the bank then submit the purchase contract once received.
The Round Team will list the property and find a qualified buyer. The contract will be sent to the bank with a HUD-1 outlining the cost for all parties involved in the transaction.
After we have a signed contract by seller then Bloom / Van Omen will submit a complete short sale packet to all the lenders involved.
Once the bank reviews the offer it assigns a loss mitigator or bank representative as point of contact.
The bank will order a Broker Price Opinion (BPO) to determine current market as-is value.
After the BPO is complete Bloom / Van Omen then negotiates the terms. Either we get a deal approved or continue with the recommendations from the bank.
Once deal is approved we have 30 days to close escrow. You will have updates on a daily basis throughout the process.
Please contact us at 480-744-6357 or seriousaboutre@gmail.com to review your options and discuss the short sale process in more detail.
Contact Bloom / Van Omen & Associates Today
480-744-6357 (toll-free 800-736-2974)
or send us your request today! The Official Real Estate Partner of Scottsdale.com
