What We Do
The Lotus Realty Group is a team of real estate
professionals who, along with helping clients buy and sell
homes in a traditional transaction, are dedicated to helping
homeowners who are facing foreclosure. We are Certified
Distressed Property Experts and are extremely knowledgeable
in how to help homeowners overcome and rise above these
difficult times.
Unfortunately we can't help everyone, but if you qualify, we have a proven success rate of negotiating a short sale on your behalf, with your lender to help get you out of this situation. Most people think the best thing to do is give the home back to the bank, and quite honestly that is the lesser of the evils, however foreclosure is much more damaging to your credit and your life. Our goal is to find out what is most important to you and help you achieve that goal.
The Lotus Realty Group offers a free assessment of your
situation. If we can’t help you, we will tell you the truth.
If we can, we will come up with the best strategy to get you
back on the road to recovery. There is no charge to the
homeowner in a short sale, as we are paid by the lender upon
completion. At the end of your transaction, we will help you transition into a rental and credit you up to $200.00 for your enrollment in a credit recovery program. There is no guarantee that your credit will be fully restored, however, we will assist you in a plan of action to help get you back on the road to recovery.
Experience has taught us that a person who faces
foreclosure has been through some kind of change or
difficulty and we find many people on the verge of walking
away from their homes and doing nothing at all. There is a
better way! We are here to listen, but most importantly, we
are here to help. Time is of the essence, don’t wait until
it’s too late.
Call 858-764-7300 today to schedule an appointment.
Here are some helpful hints when in
the market for a short sale home:
- Check the public records
- Hire an agent with short sale experience
- Prepare the seller for lender demands
- Submit documentation and purchase offer to lender once the seller has accepted your offer
- Give the lender a deadline to speed up the process and to make sure you will be free to cancel your offer if need be
- Expect commission negotiations
- Reserve the right to conduct inspections
Here are some quick steps to
a successful short sale:
- The seller signs a listing agreement with a real estate agent subject to selling as a short sale with third-party approval
- The agent finds a buyer who makes an offer for less than the amount of the mortgage.
- Seller accepts the buyer's purchase offer.
- Seller's lender accepts the buyer's purchase offer.
- Transaction closes when the buyer delivers the funds, the lender releases the lien and the seller delivers the deed.