Raffi Tal has been successfully executing short sales since the early 90's and currently oversees all files as the company’s EVP. Under Tal’s leadership, I Short Sale, Inc. has become one of the nation’s leading firms in short sale volume. As an authority in the field of loss mitigation, Tal has been a guest speaker on the issue in various conferences, seminars and for a variety of media outlets.
We negotiated this modification and obtained a bank modification approval for a condo in Royal Palm Beach, FL. The owners purchased this condo as a primary residence in 2006 for $301,000 with monthly mortgage payments of $2,921. As a result of declining income due to the recessionary pressures, the household fell behind on mortgage payments and was surely facing foreclosure.
I Short Sale, Inc negotiated a loan modification they could afford. We negotiated an interest rate of 2% and restructured the $30,000 past due mortgage amount and penalties into the loan to reduce the monthly payment to $1,603 as a trial modification. After three payments, the trial modification will become permanent, and these homeowners will be able to remain in their home.
Contact us at 877-907-4678 or info@ishortsale.com
Lender references have been removed from the above to protect lenders' proprietary rights.
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