Short Sales with Attorney Andrew Coppo With Greater Boston Short Sales
When - February 25, 2025 6:00pm
Elk's Club, 21 School St, Randolph, MA
Andrew Coppo is a real estate attorney admitted to practice in Massachusetts as well as the owner of Greater Boston Short Sales, LLC (GBSS) and Of Counsel Attorney at SKM Title & Closing Services, P.C.
GBSS facilitates the sale of distressed, or “underwater” homes by negotiating the sale of non-performing assets with all secured lien holders. Lenders prefer to dispose of a non-performing mortgage loans without having the added expense of hiring attorneys and going through the foreclosure process. By avoiding foreclosure, the bank can save thousands of dollars in legal fees while at the same time allowing homeowners to vacate the property without having to go through the foreclosure or eviction process.
Andrew started Greater Boston Short Sales, LLC, in response to the growing inventory of foreclosed homes in Massachusetts. As record numbers of homeowners began defaulting on mortgage payments, lenders also encountered legal issues when they attempted to foreclose on homes in Massachusetts. The industry needed a way for lenders to get rid of distressed properties without having to go through the legal system. Homeowners needed a way to get rid of the mortgages they could no longer afford.
As someone who spent a majority of the last decade working with foreclosure departments for each of the major lending institutions, Coppo recognized the need for an independent third-party who could facilitate the short sale between lenders and homeowners. GBSS has an extraordinary short sale success rate because its attorneys are familiar with lenders’ specific short sale policies and procedures. As a result, GBSS can quickly assess whether your property qualifies for a short sale and estimate how long it will take to get your short sale to the closing table.
Andrew cover the short sale process and how investors will be able to work with homeowners facing foreclosure.
As always, Thank you to Paul Shaughnessy and Renovo for providing our snacks for the evening.