WE SUCCEED WHERE OTHERS FAIL

With short sales becoming ever more popular as an alternative to foreclosures, an alarming trend dampens the irrefutable success the process offers all parties.

Of course the short sale process requires the approval of the lender.  Large portion of the short sales have been severely hampered by lenders failing to respond timely to the short sale offers. On average the waiting time for a short sale is approximately 10 weeks, but often interested buyers who have gone to the trouble of making a genuine offer are left with no response for months. Clearly, these buyers are rarely to display such patience and so many short sales are not given the chance to flourish.

Less than 20% of short sales are successfully based upon various statistics published nationwide. While real estate agents can sometimes be tardy in providing the necessary documentation to lenders, 90% of agents suggest that it is the lender that is failing to provide timely response.

With the Eureka Short Sale Program borrowers, lenders and agents will enjoy an 80% success rate where title is cleared from delinquent payments using private funds.  Eureka has an equitable interest in the transaction and therefore has the necessary motivation to remain persistent with the lenders. Success that is over four times more than that of the traditional short sales is a tremendous advantage. The current market is desperate for liquidity, the demand for successful shorts sales have never been more urgent.  The Eureka Short Sale Program is perfectly situated to relieve homeowners and lenders of their tremendous burden in such trying times.

Posted by Eureka Expert on Aug 9 2010. Filed under Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry