Short Sales Up to 62% of homes for sale on the market today are short sales which is the act of selling a home for less than what is owed on the mortgage. For example: If you have a home with a mortgage loan balance of $200,000, but the present home value is $160,000, how can you sell a home for less than what you owe? This is exactly what a “short sale” is. Additionally, your lender must agree to sell the home at a loss, remove the seller from any financial liability and cover the real estate agent’s commission. Two options when trying to get a short sale: 1. You can call your lender and try to negotiate on your own 2. Have an experienced third party negotiate for you The problem with option one is that most homeowners don’t have the experience or time to negotiate with their lender. The problem with option two is that the cost to hire a company to do the work for you may be too costly. Through MortgageMod101, you now you have a third option! We now have a service that is absolutely FREE. That’s correct, you will incur no cost and your real estate agent does not have to give up any of their commission to cover the expense. Why would your lender accept a short sale, couldn’t they just foreclose? Actually, a foreclosure will cost your lender a substantial amount more than a short sale! If you are trying to sell your home and you are in a short sale situation, direct your real estate agent to MortgageMod101. We are here to help you and your real estate agent at NO FEE. Investment There is no investment on your part as we are paid by your lender. Real estate agents get to keep their full commission which is provided by the lender. Other related services we offer: • Credit Repair – Put your credit back on track, learn how your credit is established and develop solutions so that you don’t run into future credit problems. • Debt Settlement – Lower your monthly unsecured bills such as credit cards. There is no up-front fee.