The process of short selling your multifamily property is highly similar to that of an owner-occupied, residential short sale, though additional legalities and liabilities may be realized, because the multifamily home is viewed as investor owned.

Our investor clients, for whom we have performed short sales, appreciate our attention to detail in analyzing the additional legalities and liabilities that may be realized, by the investor, as we take pride in letting our clients know, ahead of time, what may occur, because additional, profitable investments may be owned, or that the investor has the additional capital necessary to offset the losses she is incurring, due to the effects caused by an economic down turn.

Unfortunately, there is not a blanket solution to short selling a multifamily home/investment, as their is with an owner-occupied, residential short sale. Each multifamily property case must be looked at in detail, so that an appropriate course of action may be taken with the appropriate Simon Group Real Estate Broker or Realtor® to whom your case is assigned.

Fortunately, the Multifamily short sale Brokers and Realtors® with Simon Group Real Estate have successfully negotiated, on the behalf of investors, with profitable results, for the lenders involved, and the investors who are in distress.

The Simon Group Real Estate Multifamily Short Sale Team Pledge:

1. Confidentiality, your multifamily short sale transaction will only involve the parties listed on record, including the lender.

2. A thorough analysis will be performed to discover present and future liabilities and legalities which may arise, as you are an investor in the lender’s eyes.

3. After the thorough analysis, you will have the option of moving forward or pursuing your alternate course of action.

4. You will have a single point of contact regarding your multifamily real estate short sale, who will be the Realtor® or Broker assigned to negotiate with your lender, on your behalf.

5. Your multifamily short sale transaction will not be outsourced to a third party negotiation firm, the Broker or Realtor® assigned to your case will handle all negotiations herself.

6. Your Realtor® or Broker will be compliant with the Federal finance laws, through the Certified Distressed Property Institute and the Federal Home Affordable Modification Program and the Home Affordable Foreclosure Alternatives.

7. Transparency, you will be walked through the multifamily short sale process, at every step of the way, so that you know exactly what your Realtor® or Broker is doing on your behalf, and so that you gain an understanding of the multifamily short sale process.

8. Reporting, you will be kept up to date, as events occur, if not, on a daily basis, on all outstanding issues, even if an issue is still not resolved.

9. Fees: There will not be a single fee charged or out of pocket expense to you for utilizing our multifamily Short Sale team.

The multifamily Simon Group Real Estate Short Sale team may be reached by email  or by calling 909.248.4804 in Walnut, California.