1.Team Osborne
Your Short Sale and Foreclosure Resource.
Brad Osborne
317-258-3651
Steve Osborne
317-270-2655

2. So What is Foreclosure?
Foreclosure is a legal process by which a defaulted borrower is deprived of his or her interest in a mortgaged property.
3. What are the Steps in foreclosure?
Notice of sale.
Foreclosure sale or Sheriffs Sale.
Redemption Period.
REO / Real Estate Owned
4. The Effects of Foreclosure
5. The Process of Foreclosure
6. What are the Reasons for Foreclosure?
7. What are my Options?
Refinance
Sell and bring cash to closing
Short Sale
Deed in Lieu of foreclosure
Foreclosure
Do nothing and walk away
8. Short Sale VS. Foreclosure
9. I want to do a short sale, but what do I need?
10. My Hardship Letter
I am sorry
Here are my circumstances ( Job loss, Medical Issues, divorce, damage to property not covered by insurance, etc.)
I have exhausted all of my options and the only next step is letting the property go to Foreclosure.
11. Common Results of a Short Sale
12. Why do Short Sales Fail?
Incomplete Short sale Package.
Package was not submitted properly
Offer was too Low
Buyer is not Strong enough
Lender took too long and the Buyer backed out.
Inaccurate BPOs
Doesnt meet lender Criteria or Investor will not approve.
Junior lien holder says NO!
13. What do I need before I meet with Team Osborne?
14. Info youll need Part 2
Pay stubs
W-2s or Tax returns
Bank Statements and credit Reports
All your monthly Bills (Utilities, car loan, food)
15. Conclusion
Short Sales are scary.
Please contact us before it is too late.
We are here to help not judge you.
We will look at the big picture
You are helping your community