Placing Distressed Property Owners with Investors to alleviate Foreclosure!
Short sales. 
The term has become as common place in the American real estate landscape as much as the words Foreclosure, Bankruptcy and Fannie Mae. But what does it mean for you, the homeowner who can no longer afford that house or loss his/her job.
If you've spoken to anyone about your situation, it is a forgone conclusion that someone has suggested using a Realtor to help get a short sale started. They were only half right..........and half wrong!
You see, a Realtor is only less than half the main ingredient for a successful short sale. What is OUR definition of a successful short sale?
Our Definition: short sale occurs when the mortgage and lien holder agrees to accept a reduced amount to release their interest in a specific property and release the homeowner from future liability on the Note and Mortgage without prejudice.
Now, we don't have anything against Realtors. As a matter of fact the Principal of LNS, Sergio DeCesare is a Licensed Florida Real Estate Broker and has been for some 22 years now and also holds the designation of Certified Distressed Property Expert. 
But ask any realtor what is it you need more than anything to get that short sale rolling: An Offer!
Thats where we come in. Our Investor based solutions allow us to make offers on properties in default either for our own portfolio or for the scores of investors who contact us on a weekly and monthly basis. Since we are looking to acquire these properties for the best possible value, our team is well versed in analysing and evaluating property comparables, conditions, locations and how the lender can view these properties in the "evaluation" process. Lets face it, the best chance you have of selling the property in this market is for the lowest possible price. It is irrelevant to the homeowner what the property sells for as long as the bank agrees to forgive the debt.
WE HAVE NEVER HAD A PRIMARY LENDER PURSUE THE HOMEOWNER ON ANY SHORT SALE WE HAVE NEGOTIATED! We pride ourselves on that fact and continue to uphold that tradition. Unlike other investors or some realtors, you're future financial well-being is our concern, our primary concern!
Loss Negotiation Services team consists of Certified Distressed Property Expert Designated Real Estate Brokers, Realtors, Accountants, Mortgage Brokers, Title Professionals and Lawyers. We leave no stone unturned!
Mitigation is a FULL TIME endeavor and to place such a task into the hands of a neophyte can spell disaster! When the market changed, many "traditional" realtors saw the writing on the wall and became "experts" without any real experience or credentials. Again, we are not "anti-realtor" but they do not necessarily represent the best chance of success. In fact, we have many Realtors who work hand in hand with us because they recognize the value of a organization that not only can get the process started with a bonafide offer but will do the tedious leg work for the process while still earning a commission!
We can facilitate the direct transfer of Pre-Foreclosure residential property or distressed commercial property. We have investors standing by right now who are interested in apartments buildings, mobile home parks, senior living facilities, assisted living facilities and storage facilities.
Loss Negotiation Services, LLC is a privately held short sale negotiation and property liquidation company based in southwest Florida. We service clients nationwide. We have concluded transactions across 4 states and assisted in many others.
See our links to the left that address specific issues you may be interested in.
IF you are one of the following:
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Attorney
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Title Company
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Residential Property Owner
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Commercial Property Owner
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Local or Small Banker with clients in default
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Take the time to contact us and see how we can Joint Venture to help your Clients and Customers!
DATELINE MARCH 23 2010
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McCollum warns of ‘massive’ commercial foreclosures TALLAHASSEE, Fla. – March 23, 2010 – Attorney General Bill McCollum wrote to legislative leaders on Friday urging them to take note of the potential for “massive” foreclosures on commercial real estate, as more than $1 trillion in commercial real estate loans from Florida’s most recent big boom all reach the end of their terms about the same time. “As I learn more about the potential for massive commercial real property mortgage foreclosures, I am convinced that swift legislative remedial action this session would avert some of the more devastating consequences of such foreclosures,” McCollum wrote. “As one of the largest markets in the nation for commercial real estate loans, Florida faces a significant risk of financial loss.” McCollum urged lawmakers to look at some of the actions other large states have taken, including the passage of laws that require that all claims be consolidated into a single action, or prohibit certain lawsuits that seek to hit up borrowers personally before proceeding against the borrower’s collateral. Source: News Service of Florida
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Residential market to experience new "wave" of defaults as Option Arms and ALT A mortgages poised for massive resets in Q1 & Q2 of 2010.
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Commercial Property "Tsunami" approaching as holders of commercial properties are unable to re-fi out of existing notes due to plummeting values and high unemployment.
MORE TO COME SOON ON THIS CONTINUING CRISIS...
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RECENT TESTIMONIALS
Dear Mr. DeCesare,
I am writing to you to thank you for that last short that you had helped me with, I thought this particular one we would not close, the bank at the last moment gave us a difficult time, but, somehow with your knowledge and seasoned experience, we ended up closing this short sale. I must add, we did close within the allocated time period, making the seller (my client) ever so grateful to be able to put this behind them and open a new chapter of their life. The buyers were so glad as well, they just loved this home and wanted it so badly. It is very important to me, that at the end of the day my clients are happy and satisfied, and you helped me attain my goal of customer satisfaction. Again thanks for the help on this one and putting the client first and foremost. Our office with the other Realtors will continue to reefer our clients to you that need that help in their time of need. In closing, thank you for the high level of integrity that you have displayed, it is so important in today's business climate.
Thank You and Best Regards,
Greg Sarajew, Realtor
Re/Max Palm Realty, Sarasota/Charlotte Counties, Florida
HOMEOWNER
I would like to express my deepest appreciation for Sergio and his wonderful team for their professionalism during my short sale negotiations.
They helped me through one of the most difficult times of my life with such compassion...I couldn't have gotten through it without them!
Knowing that they had MY best interest in mind during the process took so much of the worry out of the whole thing.
I didn't have to worry about communicating with my lenders and was always kept up to date during the entire negotiation. Even though he had much resistance from the lenders, in the end, he was able to get both GMAC and Citibank to forgive my mortgages! Now I can get on with my life!
I would highly recommend Loss Negotiation Services!
Juli H, Rotunda, Florida
READ OUR OTHER TESTIMONIALS FROM TITLE PROFESSIONALS AND OTHER HOMEOWNERS BY CLICKING THE LINK TO THE LEFT...
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| The Commercial Meltdown is upon us........ |
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Uncertainty dominates commercial concerns about economic recovery
WASHINGTON – Aug. 9, 2010 – Unstable market fundamentals and uncertainty over government policy are among the concerns voiced by senior real estate executives about the commercial real estate sector’s outlook for recovery, according to The Real Estate Roundtable’s 3rd Quarter 2010 Sentiment Index.
“Uncertainty reigns. Whether it is job creation, unstable capital markets or a volatile mix of current policy and the upcoming mid-term elections – investors and businesses are skittish, causing the commercial real estate outlook to be flat,” said Real Estate Roundtable President and CEO Jeffrey DeBoer. “The good news is last quarter’s view that commercial real estate markets have stopped falling has been confirmed this quarter and values for high quality assets show strength. But the overall sentiment is that the industry is in for a long slow recovery characterized by extreme caution.”
More than 110 executives from the commercial real estate sector – encompassing office buildings, shopping malls, warehouses, hotels, and apartment buildings – participated in the survey. For the first time, the survey’s current and future conditions indices merged, scoring an Overall Sentiment Index of 74 (down from 76 in the previous quarter). The score suggests a relatively positive trend and a flat trajectory.
The Overall Sentiment Index is calculated based on averages of both current and future indices measured on a scale of 1 to 100. To reach an overall Index of 100, for example, all survey respondents would have to answer that market metrics are “much better” today (current conditions) compared to one year ago, and will also be “much better” 12 months from now (future conditions).
Although 62 percent of survey participants reported conditions today as “somewhat better” than a year ago (down from 65 percent in Q2), only 19 percent said conditions are “much better” (up from 17 percent last quarter).
Looking forward, 59 percent of respondents predicted conditions one year from now will be “somewhat better” (down from 60 percent in Q2), whereas only 20 percent expect conditions one year from now to be “much better” (down from 28 percent last quarter).
However, the overall Current Conditions Index of 74 for Q3 2010 stands in stark contrast to a score of 36 for the same time period last year.
One participant’s response: “The only certain thing in the world at the moment is uncertainty. Until companies begin re-hiring and the consumer regains confidence, we will remain stuck in the ditch.”
For real estate asset values, respondents report some improvement in expectations, yet emphasize the gap between valuations for Class A assets and all others. According to a survey respondent, “The market remains very murky. The few quality assets that do come to market tend to attract rabid bidding, but there’s still general illiquidity.”
Fifty-seven percent of participating executives report asset values are “somewhat higher” than a year ago (up from 35 percent in Q2); 56 percent expect asset values will improve one year from now (the same expectation of 56 percent was reported last quarter). Seventeen percent of survey participants stated that asset values are “much higher” than one year ago (up from 11 percent in Q2); 6 percent said values will be “much higher” one year from now (up from 3 percent last quarter).
Instability of capital markets remains a significant cause of unease, although conditions have improved marginally since the previous quarter. Forty-two percent of respondents said debt capital is “somewhat better” today than one year ago (versus 38 percent last quarter); 36 percent characterized debt availability as “much better” (compared to 27 percent in Q2). On the equity side, 54 percent of participants said availability is “somewhat better” than one year ago (versus 50 percent last quarter); 24 percent characterized debt availability today as “much better” than one year ago (compared to 26 percent in Q2).
Projecting availability one year from now, 62 percent of participating executives said debt capital will be “somewhat better” (versus 69 percent last quarter); 13 percent said debt availability will be “much better” (compared to 10 percent in Q2). On the equity side, 50 percent said availability will be “somewhat better” one year from now (versus 52 percent last quarter); 17 percent said availability will be “much better” one year from now (compared to 16 percent in Q2).
ABC Reports:
The Congressional Oversight Panel
(that's Elizabeth Warren & Co, the TARP
watchdogs) about the looming storm in
the commercial real estate market. The
report predicts a wave of losses, totaling
$200-$300 billion, from commercial real
estate loans could "trigger economic
damage that could touch the lives of
nearly every American."
Keep reading...
FOX Business Reports:
Over the next five years, about $1.4 trillion
of commercial real estate loans are scheduled
to mature "more than $300 billion a year.
The industry, lenders and investors are
struggling to refinance loans
Times Online Reports:
Almost half of the loans coming up for
refinancing are in negative equity after
a 40 per cent drop in property values.
With rents down by as much as 40%
millions of property owners are expected
to be unable or ineligible to refinance
their borrowings, leading to mass defaults.
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