Bullhead City Fort Mohave Short Sale Litigation Services

How we help with Short Sales

What we do…

Mack Drucker & Watson, P.L.L.C. is dedicated to assisting homeowners obtain approval of a short sale of their residential property. Specifically, we are dedicated to effectuating a negotiated settlement with the lender that results in a written agreement providing a release of the homeowner’s lien(s) so the property can be sold to a third-party. This is achieved through win-win situations for both parties by providing homeowners with options to avoid and stop foreclosure, and by allowing lenders to minimize their losses. We seek to achieve our goals by being the most ethical and professional choice for homeowners. Our endeavor is to make the process smooth, easy, and private while perpetuating honesty and integrity. We endeavor to provide our clients with outstanding customer service, expert knowledge, and unrivaled negotiation skills.

Working with Real Estate Agents & Brokers

Mack Drucker & Watson, P.L.L.C. works hand-in-hand with the homeowner’s real estate agent to achieve the homeowner’s desired result. In so doing, we strive to enhance the real estate agent’s relationship with their client and allow the agent the time necessary to focus on what they do best – representing clients in the purchase and sale of real property.

How it works…

The homeowner’s real estate agent will list the property for sale, handle marketing, contracts, and closing. Mack Drucker & Watson, P.L.L.C. obtains the required documents and financial information from the homeowner, prepares and submits to the lender the client’s short sale package, handles all communication with the lender, waits on hold for hours and processes the short sale transaction. Simultaneously, with client approval, we provide the agent and the client with periodic and timely updates

Short Sale Consultation Service

This consultation service is intended to provide Bullhead City, Fort Mohave homeowners with insight into the residential foreclosure process and the options available to a homeowner that is unable to make their monthly mortgage payments and/or desires to sell their home despite the fact that the sale proceeds will not satisfy in full the existing loan(s).

Services

By way of a personal consultation, the firm will analyze the borrower’s circumstances as it relates to the potential foreclosure of their residential property and provide the homeowner with information as to their available options. To accomplish this goal, the following services are provided:

• Analysis as to whether the borrower should be afforded protection under the Arizona Anti-Deficiency Statutes.
• A comprehensive overview and comparison of the foreclosure process and a typical short sale.
• Information on the long-term financial and credit ramifications of a short sale and foreclosure.
• Discussion of miscellaneous issues that will affect the homeowner’s rights and liabilities should they attempt to accomplish a short sale of their residential property.
• The opportunity to seek in-depth advice on any other questions or concerns the homeowner may have regarding the disposition of their residential property.
• Discussion of the additional services provided by the firm that may be of assistance to the homeowner.

Short Sale Negotiation Service

This service is for those individuals who have made an informed decision to seek a short sale of their residential property.

Services

The firm will utilize its best efforts to effectuate a negotiated settlement with the seller’s lender(s) that results in a written agreement providing a release of the lien(s) so the property can be sold to a third-party. To accomplish this goal, the following services are provided:

• Negotiation with the seller’s lender(s) in an effort to have the lender(s) accept a discounted payoff in exchange for a release of its lien(s) and, potentially, in exchange for full satisfaction of the loan(s).
• Analysis as to whether the seller should be afforded protection under the Arizona Anti-Deficiency Statutes.
• In the event the seller is not protected under the Arizona Anti-Deficiency Statues, we will negotiate with the seller’s lender(s) prior to close of escrow in an attempt to mitigate and/or eliminate the seller’s potential deficiency liability.
• In the event the seller’s lender(s) asks the seller to execute a promissory note in exchange for a release of the liens, we will negotiate with the lender(s) in an effort to have the promissory note reduced or eliminated.
• Assistance is provided to clients in gathering all necessary documents required for the lender to process the seller’s short sale application.
• Assistance is provided to clients should they have questions regarding the completion of the various forms and documents requested by their lender(s).
• Management and protection of the seller’s sensitive personal and financial information and documents, thereby providing the real estate agent security against potential liability for maintaining the seller’s personal information.
• Periodic and timely updates provided to the seller regarding the status of the short sale application. Should the seller so desire, these updates will be shared with the seller’s real estate agent.

Fees

A one-time, non-refundable fee is to be paid upon retention of our services. In the event the firm is successful in obtaining short sale approval, the firm shall be paid a contingency fee for its services, which shall be paid to the firm upon close of escrow and shall be paid through escrow from the funds deposited therein. This fee, which is subject to lender approval, will not exceed 1.25% of the purchase and sale price.

For more information, please contact us today or call 602-778-9900.

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