Colorado's Premier "Certified Distressed Property Expert"

Colorado Distressed is a licensed "Certified Distressed Property Expert" that has assisted hundreds of clients here in Colorado. There is no cost or obligation to you for my services.

If you owe more on your Colorado home or investment property than it's worth and can no longer afford the payments you've got real options.

It is IMPORTANT that you try everything, Loan Modification, Discuss and understand the Deed-in-Lieu with your Lender and talk to a "Certified Distressed Property Expert" regarding Real Estate Short Sales.

MOST importantly do not let the property go to FORECLOSURE. You can still save your credit if not your property.

Get a FREE copy of my book, The Complimentary Foreclosure Information Guide. This easy-to-understand, step-by-step instruction guide describes how banks operate in the negotiation process and also includes the tools and forms required to conduct a loan modification and how to short sell your home or investment property.

Here Is An Explanation Of A Real Estate Short Sale:

What's A Short Sale?

A short sale occurs when the lender agrees to take less than the full amount required to pay off existing loans in full because the outstanding loan balance is greater than the proceeds realized from the sale of the property.

This sounds simple enough and is the definition most agents will give you. The problem is in the details. The terms of the approval are almost always dictated by the lender. Most sellers and many agents assume any approval is a "good approval", which is often not the case.

If you're considering a real estate short sale there are things you need to know before speaking to your lender. Consulting with a "Certified Distressed Property Expert", M.A.R.S. compliant, licensed professional versed in short sales and the foreclosure process is a must.

Why Would My Lender Accept Less Than Is Owed?

Knowing why your lender does not want to foreclose on your home is crucial in the negotiating process. It's oftentimes much more expensive for the lender to simply foreclose on your property and sell it, then approving a short sale and pay all the associated sales costs.

Many lenders will negotiate short sale terms quite favorable to you, oftentimes allowing you to walk away for free and with zero future obligations.

A successful no cost short sale with zero future financial obligations can be possible if you work with an expert team to get it accomplished.

Will I Qualify For A Short Sale?

Has Your Home's Market Value Dropped?

Whether you're doing a loan modification or short sale, hard comparable sales will be used to substantiate that your property is worth less than the unpaid balance owed the lender. I provide a comprehensive property value report designed to determine your properties 30, 60 and 90 day sales price value - the same info your lender will want. Get a FREE Home Valuation Report.

Is Your Mortgage Currently In Default or Are You Concerned That It Soon Will Be?

It used to be that lenders would not even consider a loan modification or short sale if your payments were current, but not anymore. Realizing that other factors contribute to a potential default, many lenders are eager to head off future problems.

Many lenders no longer require that you be late on your payments however you must be able to convince them with your hardship letter and financial records that you're concerned about your ability to continue making payments. Examples of Hardship letters are included in the FREE "Complimentary Foreclosure Information Guide" or you can contact me at 303-548-4300.

Have You Fallen on Hard Times?

Have you experienced a job loss, cut back in work hours, divorce, death or any other challenge that is hampering your ability to make your monthly payments? You must be able to prove financial hardship.

Take this simple Quick Qualifier Quiz to determine the likelihood of whether or not you'll qualify for a short sale.

 

Complimentary Foreclosure Information Guide
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Interested in Purchasing Distressed Property?
Many of the homes for sale today fall under the category of "distressed properties." These are homes that have either gone through foreclosure or are being marketed as "short sales." In a short sale, the homeowner can't afford to maintain the mortgage, but the lender - rather than foreclosing - agrees to the sale of the property for less than the balance of the loan.

These types of sales have different dynamics than traditional sales - with more paperwork, often a longer transaction process and, in some cases, more frustration. For these reasons, many buyers shy away from foreclosures or short sales.

However, if you understand the potential pitfalls of purchasing a distressed property - and work with an agent who has a thorough knowledge of this market - you can get a great home at a great price.

As Certified Distressed Property Experts you can count on our knowledge and expertise to guide you safely and smartly through a successful purchase and save you thousands of dollars in the process. We would be honored to help you locate and purchase just the right home or investment property. Call today 303-548-4300 and we'll help you locate the best deals available! Or better yet, sign up for King Real Estate Groups instant customized distressed property notifications by requesting to be added to our Deal List HERE.
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IMPORTANT NOTICE:King and/or Colorado Distressed are not associated with the government in any way and our services are not approved by the government or your lender. Using our services does not guarantee that your lender will agree to change your loan or allow you to short sale your home. If you stop paying your mortgage, you could lose your home and damage your credit rating.