How can Quantex Properties help in a Short Sale?

In short, we help Realtors to screen Short Sales, expedite the lender's approval process and improve the acceptance rate of Short Sales.

First, we qualify the property and the Home Owner to decide whether a case can be made for a Short Sale. We evaluate information on the property, the loan, and the Home Owner's financial situation to make a preliminary recommendation.

Second, we collect, research, reconcile, and analyze Home Owner's financial information to establish a bona fide financial hardship. Based on our analysis, we work with the Home Owner to draft hardship letter, financial statement, and any supporting documents as required by the lender.

Third, we present the complete Short Sale package and then follow up with the case manager on a regular basis to monitor the status, negotiate for acceptable terms and conditions.

This is a straight forward process, however, knowing whom to talk to, what to say and how to say it makes a big difference.

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In a nutshell, we want to partner with Realtors to do all their Short Sales at no cost to the Realtor or the Home Owner in default. We are the Short Sale experts! In fact, we have been negotiating Short Sales nationwide for years, long before it was "the thing" to do. More importantly, 80% of what we do comes from referrals.

Realtors can spend hours on the phone dealing with banks, for FREE. We estimate you'll be spending 25 - 30 hours following up on Short Sales, making calls, and tracking down replacement paperwork. Let us take that burden from you allowing you to make your full listing commission, provided we successfully negotiate the Short Sale and get the property sold.

What makes us different from others is that we are going to purchase the property at the negotiated price we get with the lender in default. Therefore, we can submit a Short Sale right away and do not have to wait for a buyer because we are the buyer. We are then going to ask you the Realtor to find a buyer at the new discounted price making this a Win-Win solution for all parties involved.

Our negotiating team is one of the best. They are former bank loss mitigators that now work for Quantex Properties LLC.

Ask yourself this question: What can you do with 25 - 30 hours of time that you will now have back since I will be handling your Short Sale negotiations? What if you could actually LIST and SELL those Short Sale opportunities you had previously passed on? You could go out and list more houses, find more buyers or possibly spend that time with your family and friends.

Why is there so much talk about Short Sales now?

Short Sales have always been an option for Home Owners, but recent market conditions have led to an increase in Short Sales and foreclosures. Some market conditions are:

• Adjustable Rate Mortgages in a rising-rate market.
• Negative amortization loans.
• Lending programs including low down payments, low credit scores, stated income loans, no documentation loans, etc.
• Less appreciation or depreciation in most markets compared to a few years ago.
  

Why would a Home Owner want a Short Sale?

• The Home Owner is overextended and cannot afford to own the property.
• Foreclosure is a very public and sometimes embarrassing option.
• Continuing to be late on mortgage payments or entering foreclosure is very damaging to the Home Owner's credit.
• The Home Owner may be forced to move due to a job transfer or lose of job.

Why do lenders accept Short Sales?

• The Home Owner's financial position has changed and they cannot afford the property.
• The mortgage is past due.
• New construction in a particular area has hurt the value of existing homes.
• The local real estate market has depreciated in value.
• They want to avoid the cost/time required to foreclose.
• The condition of the property has deteriorated.

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