Short Sale

Many lenders have loss mitigation and some even have short sale departments. Lenders have often realized that their short sales have not been handled correctly or expediently enough. This is where we at Miranda Group come in. For those who don't have such specialized department the use of Miranda Group is a must.

The Short sale division of Miranda Group assists in contacting clients who are in early stages of default as well as assist lenders and property owners to process short sales, deed in lieu or other workouts depending on the specific situation. Our expertise helps to minimize the losses associated with defaults and bring the most effective solution without incurring the heavy costs of man power, and costs associated directly with the foreclosure process and REO sale.  Miranda Group can assist you in contacting the borrower, and in avoiding foreclosure. We can provide the lender with proper analysis of short sale transactions and in processing the transaction to a successful completion while maximizing the net to the lender.

Miranda Group is aware of the fact that many borrowers facing hardships are facing difficulties keeping their loan current.

Our personnel function as a liaison between lenders and property owners. We provide assistance to lenders with the difficult task of counseling the property owner throughout any course of action. We understand lenders needs and guidelines and work accordingly. We find a solution and resolve the loan default situation thus helping the lender and borrower avoid foreclosure, eviction and other potential liability issues.

Miranda Group provides the lender a quality loss analysis. This analysis displays to the lender the cost savings of foreclosure and subsequent REO sale vs. short sale or one of our other solutions.

For more information please contact us at 1-617-682-8023.

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