How Does it Work?

How Does it Work?

A Blue & Gold Realty Team Agent will sit down with you and review the alternatives available to allow you to avoid foreclosure and determine which short sale program will work best for you. They will determine if you qualify for any homeowner relocation assistance, or for the new Federal HAFA program.

Once the initial interview is over the Blue & Gold Realty Team Agent will have you fill out an application and provide supporting documentation in order to pre-qualify you for a short sale.  Our will review the file for accuracy before submitting file to our Loss Mitigation Processing Team.

Once the file has been cleared by Blue & Gold Realty Team Transaction Coordinator they will enter the file into the Short Sale Processing System.  The Transaction Coordinator may contact you if there are additional items needed to successfully process the file. We ask that these things be returned to us immediately. Once the file passes a quality control check it will be formally available for submission to your financial institution.

Once the Transaction Coordinator clears the file they will order the Legal Pack .You will receive this package via email, fax, or US Mail. This package will explain the legal aspect of our service as well as provide you a questionnaire that, if filled out, will be examined by the attorney on your behalf to determine the best exit strategy and inform you of any liability that may exist.

The file is then submitted to the lender, negotiated, and the bank will make a determination as to whether they will accept our offer.  If the offer is countered, we will let you and the buyer know where you stand, and accept or counter back.  When we reach an agreement with the lender a closing date will be set and you will be required to sign documents on the closing date. This is when the home will transfer from you, to the new buyer. 

Get Started Now (Free Evaluation)We Can Help | How Does It Work?

 

Avoid Foreclosure & Short Sale Information:

What is a Short-Sale | What is a Deed in Lieu of Foreclosure | What is a Loan Modification?
Mortgage Forgiveness Debt Relief Act | Short Sale vs. Foreclosure Comparison Chart

Contact Information

Blue & Gold Realty Team
Carrington Real Estate Services
505 Merchant Street
Vacaville CA 95668
(707) 447-5000
(800) 459-4813
Fax: (707) 471-6591
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Licensed by the California Bureau of Real Estate: BRE License # 1397744 & 01845712.
Carrington Mortgage Services, LLC (CMS) headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS Unique Identifier #2600.

 

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