What We Do

In order to enable over leveraged properties to be sold, Trevana Properties, LLC will negotiate with mortgage lenders and other lien holders to obtain releases. We provide liquidity to lenders, investors and homeowners by working as loss mitigation specialists for real estate agents, attorneys, homeowners, mortgage brokers and other investors. Our services also include our ability to purchase large pools of REO'S, non-performing and performing mortgages from banks and lenders being a reliable source for their balance sheet needs.

Know Your Business

We know how important it is to stay up to date with changes taking place in the market as well as the short sale business. Not only do we provide a product to help you simplify and manage your short sale business but you can find the latest information about the short sale industry, new laws and tips from other successful short sale professionals. The National Association of Realtors has indicated a majority of sales in 2009 will be short sale transactions. Our experience provides the best opportunity for success for short sale management.
Welcome to Trevana Properties!

This website has been established to enable Real Estate Agents, Brokers, Investors, Homeowners, Attorneys, Mortgage Brokers and Lenders to manage and view their short sale negotiations in real time. Any registered member who has created an account and submitted a short sale request, can access their important status updates through a simple organized system from beginning to end of the short sale process.



Some important facts from Trevana Properties to be aware of:

Perhaps the most important fact to understand is that in today’s economy short sales are a must to sell properties. Since property values have declined nationwide at such a rapid pace, The National Association of Realtors predicted that in 2009 and 2010 over 60% of all properties sold will be short sales or REO properties. It is unavoidable.  If a house is to be sold in today’s market, there is a very good chance that a short sale will be needed in order to get it closed.
Short sales can require many hours of hard work and organization is imperative in order to get them done.  Please be aware that short sales will typically take approximately 3-6 months to complete depending on which state you are in (see below for typical lender timelines), and that is simply because the majority of lenders are overwhelmed at the moment, some receiving as many as 500 or more short sale packages a day!  In some cases, 2 or 3 weeks may go by without any change in the status of a file.
 

Typical Lender Timelines (for each step in the short sale process)  
Get authorization on file with lender 2 days
Compile short sale documents 7-14 days
Get short sale package on file with lender 3-7 days
Short sale package assigned to negotiator 10-14 days
Get BPO/Appraisal ordered 14-21 days
Schedule BPO/Appraisal with agent 5-10 days
Time for BPO/Appraisal to get to negotiator 21-28 days
Negotiate/obtain approval from negotiator 15-20 days
Total: 77-104 days


Please note that these timelines can vary by lender and that the above timeframes are meant to provide a general timeline, again taking into account that nearly all lenders are overwhelmed with short sales. 

This being said, we understand that you may want to be able to frequently check on the status of your property. Since homeowners, agents, investors, attorneys and mortgage brokers can view the current status of the short sale negotiations in real time, this system will free up more of your time to serve your clients, giving you the time we need to negotiate with the foreclosing lender(s) and less time spent talking on the phone updating everyone else that is involved in the sale of the client’s home. Each registered member of the team (homeowners, agents, attorneys and mortgage brokers) will have limited access only to the information relative to the security level granted upon registration.



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