Why to Work with Us
When threatened by foreclosure it is important to assess every possible alternative that remains available. Certainly, when luxury property is involved the stakes are even higher than ordinary property investments and a rigorous evaluation of one’s rights and obligations is well justified. Short sale in most cases allows getting out under the mortgage obligation with minimum financial impacts. Unfortunately, the success ratios of successful short sales are low, since the distressed status of the property severely hinders its marketability. Most buyer’s agent will turn away their clients from a short sale transaction due to the lengthy and slow response from the lenders.
Privacy and confidentiality often becomes a key objective. Especially for celebrities it is as hurtful and repressive to be hounded by the media and paparazzi over their financial woes, as it is over their personal relationships.
Eureka allows individuals to remain inconspicuous to the media and public a large while she conducts the transaction in privacy. We are empowered with the experience and with the capital to approach the lender in whose favor the mortgage lies, an make an offer to satisfy the debt in total. The lender will not only benefit from having a ready buyer willing to take the risk of the mortgage, but if hardship is made out and a short sale is agreed to, will be able to free up capital to invest elsewhere. Additionally, the mortgagee is spared the expense of obtaining foreclosure of the property through lengthy court proceedings.
Once we reach agreement with the mortgagee, we will market the property. The conveyances will not indicate the original seller to the transaction and so will avoid publicity. This process not only requires substantial capital to convey the property with the approval of the original lender, but also to finance a promotion campaign that will attract a suitable buyer in a property market that is less than inviting.
We never have to promote the property as distressed sale, simply because it will not be, since Eureka will be the seller. We will market the properties with most prestigious domestic and international luxury organization, such as DuPont Registry, Luxury Real EstateTM. Furthermore, we have access to a wide network of international buyers, and have focused marketing in Monaco Dubai, Singapore and Panama. No stones will be unturned to find the right buyer for the property. The transaction is truly a real win for all participants involved. We are confident that our team is your solution . Please contact us for further information.
