Our Story
Vinh Truong founded in 2003 in Las Vegas, NV, is a full service Real Estate Investment and Education Company that specializes in the pre-foreclosure industry. Our core business belief is assisting the homeowner through legal and ethical real estate transactions.
Since 2003, we have closed over 170 real estate transactions specifically helping familes out of short sales. He learned to sell homes fast because he wanted to get out quick. That was the start of a new venture: "helping others sell their homes fast and negotiate short sale". Since then, his mitigation company has added processing services, everything to help a homeowner face this crisis
Our singular function is to find a win-win-win scenario in which the Buyer, Seller, and Lender achieve a new arrangement that is superior to their previous position. Our principle means for helping sellers to determine if they should sell short is through education.
We teach the seller's about the ramifications of foreclosure, short sale, and missed mortgage payments. These ramifications pertain to credit conditions and future lender seasoning before home ownership will once again become viable.
It is our experience that much mystery clouds the short sale process. The process is actually simple, but arduous.
We work very hard to dispel the myths and rumors of the process to make the transaction as transparent as possible to all parties. If you are upside down in your residence, there is no easy way out of your situation.
At Houston Preforeclosure, we focus on all things related to Real Estate Short Sales. Often times, the politics and economics that influence the short sale processes are covered.
Frequently, we will include real life stories of current short sale negotiations in order to help educate others who may be facing the same challenge. Essentially, this site serves as a place to remove some of the mystery surrounding the short sale process.
Please feel free to email us directly at info@houstonpreforeclosure.com
ShortSale Testimonial
Accepted: $110,000
Time to Negotiate: 63 Days
I first listed my home for $145,000. After 8 months, I reduced it to $125,000 and there were still no offers. My payoff at the time was $120,000. I decided to let the property go into foreclosure. However, my husband didnt want his credit ruined so we contacted Julie Nguyen at Preforeclosure Specialist. They held an auction at the property and within 10 days I got an offer at $110,000. Two months later Wamu excepted the short sale and our credit was saved from foreclosure.
