Short Sale Transaction Coordination
Are you a busy professional looking for short sale assistance? Are you, your TC or title company, unsure of where to begin negotiating a discounted payoff with an underwater lender? We have a whole system designed to help you keep doing what you’re best at while the tedium of paperwork processing and lender negotiations is left to us. We work with the foreclosing lender to coordinate file set up, ensuring your sellers provide a complete loss mitigation application, coordinating appraisals and BPOs, pushing for their approval letters, requesting foreclosure sale date postponements and finally assisting the title company final closing approvals. Weekly or even daily updates are provided on your files. We have had an 86% success rate over the last 20 years! (*on files that have received a viable offer.) Similar to a referral fee, there’s no out-of-pocket costs and we are only paid if successful so you can be sure that we’ll do everything imaginable to get your file to the closing table.
1-on-1 Consultation
In addition to transaction coordination and direct negotiation services, Justin also provides one on one coaching and consultation to real estate brokers, teams, investors, attorneys or anyone else looking to learn about short sales or pre-foreclosure real estate transactions in Colorado. With 20 years of experience, we can expertly dive into a variety of topics ranging from foreclosure mechanics, in-depth look at short sale packages, pricing strategies, seller financial incentives, how to work with junior lienholders, IRS and more. Learn lender formulas, acceptance ratios, allowable costs, reviewing redacted approval letters, how to talk with lenders, seller consultations, just to name a few.
Education
Classes available! We have both a short, 1-hour crash course on short sales as well as an extended 3-hour course primarily designed for real estate brokers who are looking to improve their skillset in the pre-foreclosure arena. Learn how to navigate the big three elements of short sales: seller applications, property valuations and lender/lienholder negotiations. Courses also provide an overview of the non-judicial Colorado foreclosure process, seller financial consequences and marketing to homeowners in distress. Looking for even more detail and in-depth deal analysis? Consider our 1-on-1 consulting option. Contact us directly to inquire.
Listing Services
Are you a homeowner facing foreclosure and looking to sell? Or want to review your options? We do not provide real estate services through Rocky Mountain Short Sales directly but Justin Berry is a licensed real estate broker through a separate entity and obviously has significant short sale experience. For maximum consumer choice and transparency, we always provide multiple recommendations to other qualified real estate brokers as well, who can expertly guide you through the process. Even if you reach out to us to list your property, you’re not required to use us or any affiliated services and always have options on who you use.
We’re easy to reach and easy to talk to – and will always consult with owners free of charge. See our disclosure below for more information.
Non-relationship Disclosure
Rocky Mountain Short Sales is not a real estate brokerage and cannot provide real estate advice or services. Justin Berry, owner and operator of Rocky Mountain Short Sales is a licensed real estate broker in the State of Colorado and his license is held by Your Castle Real Estate, 2755 S. Locust Street, Suite 150, Denver, CO 80222. Unless a consumer reaches out to Your Castle Real Estate directly seeking real estate services, and a separate brokerage relationship is established, we provide disclosures to all parties and brokers that we will not be working as a real estate broker or representing the seller in a sale of a property. The scope of our services is limited to transaction coordination for the listing broker to assist them in working with a lender and any other lien holders to obtain short payoff approvals so the property can be sold for less than owed. We do not replace the chosen real estate brokers. We are not able to negotiate the price or terms between seller and buyer or assist with completing contracts. Justin Berry is not an attorney, Certified Public Accountant, debt relief agency, or financial counselor of any kind. Financial consequences of a short sale may include but are not limited to tax liability, remaining liability on a promissory note, deficiency judgments, and derogatory credit reporting. Borrowers are always advised to seek professional tax, legal, real estate and other counsel regarding benefits and consequences of short sale transactions.