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Dear Homeowner,
If you would like to sell your property but there is outstanding mortgage debt on the property that is more than the property is worth then please read below to see how we may be able to help.
My name is Mark Cirignano; I am a Realtor® specializing in SHORT SALES. I only list property that I am confident I can sell and obtain approval from your lender in most cases with “FULL DEBT CANCELLATION” & "NO TAX CONSEQUENCES". If a foreclosure auction is scheduled we may be able to persuade your lender(s) to hold off while we attempt a Short Sale.
*What is a SHORT SALE? In summary, a Short Sale, sometimes referred to as Bank Workout or Settlement, is when you sell your property for less than what you owe and your lender(s) agree(s) to accept a reduced payoff as “Payment in Full” and “Forgiveness of Debt” for any unpaid balance. In addition a successful Short Sale will pay off all of your outstanding municipal liens, property taxes, condo fees, closing costs, legal & brokerage fees associated with the sale of the property. Please note: You must meet certain criteria established by your lender(s) and not all borrowers will qualify for Short Sales.
EXPERIENCE
Certified in Loss Mitigation by Massachusetts Association of Realtors ®
Specialist in Foreclosures, Auctions, Short Sales & Evictions having personally purchased, sold & brokered over 100 properties through banks at all stages; Foreclosure Auctions, Short Sales & Bank Owned Properties (REOs).
I know exactly what lenders are looking for, how they want offers structured & what to expect from start to close.
My references are impeccable working as the exclusive Realtor® for the clients of Joyce & Mazonson, LLC the Law Group of Senator Brian A. Joyce and his law partner Bankruptcy & Real Estate Attorney Adam Mazonson.
TEAMWORK
I work as a team with attorneys that are experts in Short Sales and Bankruptcy and you never pay them a dime. Their fee as well as mine is paid by your lender. Note: If you have counsel of your own I can work with him/her. I recommend having legal representation however the final choice of who to use is yours.
PIECE OF MIND Receive personal and professional consultation on all topics involved including but not limited to the following:
How many months past due do I have to be before my lender starts the foreclosure process?
How soon can the auction take place?
What do the terms I keep hearing mean; "Legal Notice", "BPO"., "Soldiers & Sailors Notice", "Loss Mitigation"
What are some of the alternatives to a Short Sale?
What tax implications are involved in a Short Sale or Foreclosure?
Can my lender come after me for the deficiency after a Foreclosure Auction?
When would I need to be out of my property?
TAX IMPLICATIONS Receive detailed information regarding your tax liability including but not limited to the following:
PRIMARY RESIDENCE: If you're selling your primary residence you likely will have no tax consequences under the primary residence exemption of $250k per individual, $500k per couple every 2 years or one of the following options.
INSOLVENCY: If you're in bankruptcy or insolvent, meaning you have a negative net worth you should not be taxed.
THE MORTGAGE FORGIVENESS DEBT RELIEF ACT AND DEBT CANCELLATION
FREE
There is absolutely no cost to you. The brokerage fee & legal fee will be contingent upon your lender’s approval of the sale of the property and it closing. Both fees will be paid by your lender and listed on the Settlement Statement. If your lender doesn’t approve this you owe us nothing.
REBATE
If you are an existing Omegalistings Flat Fee customer, upon the sale of your property your original MLS Listing Fee paid to Omegalistings will be refunded.
Please let me know if you think I may be of service to you. I am happy to discuss the matter over the phone at 978-287-4657 or meet with you at your convenience.
Sincerely,
Mark V. Cirignano
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President, Realtor®, Loss Mitigation Certified |
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