Expert Short Sale Solutions You Can Trust
Explore our comprehensive services designed to guide homeowners through challenging financial situations with care and transparency.
Homeowner Financial Relief
We assist homeowners facing foreclosure or due to negative equity are unable to sell with personalized short sale strategies.
Agent Referral Partnership
We empower Realtors by handling the entire short sale process in an efficient and effective manner while offering competitive referral fees.
Full Short Sale Management
Our team handles every step of the short sale process ensuring compliance and transparency throughout.
Our Process
Discover how Gateway Realty supports homeowners and agents through every phase of short sales with clarity and care.
Step One: Qualify the Homeowner, Sign a Realtor Referral Agreement, then reach out to the Homeowner to begin the Short Sale process
We begin by qualifying the homeowner referral. If the homeowner is a good candidate for a short sale we do a Referral Fee Agreement with the referring Realtor. Next, we get the contact information and reach out to the homeowner to explain the short sale process and begin gathering financials and other paperwork.
Step Two: We Process The Short Sale, compile the short sale package and Submit It to the lender, then we continually Follow up with the Lender
We then process the short sale, this includes: gathering all required homeowner financials and other paperwork, getting the property listed and all normal listing related tasks, gathering property related documentation such as property valuations and condition reports, and lastly a short sale purchase contract. Once we have done all required tasks and compiled all paperwork we put together the short sale package (can be upward of 100 pages) and format it as required for submittal. Once the package is submitted it becomes an almost a daily activity of following up with the lender to verify receipt and inquire as to the status…
Step Three: Lender Evaluation, Likely Value Rebuttal and Negotiations, Followed by Approval, Then Settlement. AKA: YOUR REFERRAL FEE PAYDAY
At some point after the short sale package is submitted (normally after many calls to the lender), the lender orders a BPO (Broker Price Opinion). This very often comes in high and the process of trying to rebutt and get the price lowered begins. Once an agreed price is reached and approved, settlement is scheduled. This is where everybody celebrates, the homeowner for avoiding foreclosure and a potential deficiency judgement, us for another successful short sales and YOU THE REFERRING REALTOR BECAUSE YOU HELPED OUT A DISTRESSED HOMEOWNER & YOU GET PAID A VERY ATTRACTIVE REFERRAL FEE!
Effortless Referral Fees for Partnering Realtors, while helping their referred homeowners avoid foreclosure.
“The team made a stressful process simple and truly supported me every step of the way.”
Carol D.
“Exceptional service and clear communication helped close my referred homeowner’s short sale smoothly.”
Linda W.
“I felt fully informed and confident throughout my short sale thanks to Gateway Realty.”