We Have the Solution
REDC Default Solutions works directly with homeowners, RealtorsŪ and lenders to list and close Short Sales efficiently. Many banks and lenders have turned to REDC Default Solutions for our win-win Short Sale solution. Homeowners benefit from our attention to detail, superior customer service and our established direct link to the lender.
Has RDS reached out to you by mail or phone...
If so, you are likely behind on your mortgage payments and your lender has identified you as a potential candidate for a Short Sale. This is a good thing. A Short Sale is much preferable to a foreclosure. A foreclosure results in eviction and may stay on your credit report for up to 10 years whereas a Short Sale is a graceful and negotiated exit. We handle the process with your lender and can even assist in finding a RealtorŪ when needed.
A Short Sale is the sale of a home for less than the amount owed on the mortgage. The “short” amount is the difference of the sale price and mortgage amount. In almost all cases, this short amount is forgiven by the bank unconditionally resulting in a graceful exit for the homeowner.
We offer a 2% broker co-op! Click here if one of your clients received a letter from us or if you are interested in becoming an REDC Default Solutions Short Sale Agent.
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For one reason or another, you are unable to make your mortgage payments. Perhaps you have a $350,000 loan balance but the current market value of your home is only $250,000. In this scenario, we seek approval from your lender to accept a current market value offer. The remaining balance of $100,000 in almost all cases will be forgiven and you can begin a fresh start.