Columbus Short Sales: Questions to ask before hiring a short sale agent

Columbus OH – The right agent can make the difference between success and failure on your short sale. You risk losing a lot when your agent doesn’t understand short sales. The short sale can be denied and the home foreclosed. Then you have to wait five years to buy another house. Or, the lender may ask you to repay the loss.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here are the questions I would ask an agent before hiring them.

Question #1: How many short sales have you listed and sold in the past 6 months?  This is important because you want an agent who is up to date on all the potential issues. They should understand the short sale process from start to finish.

Question #2: In the past, what lenders have you negotiated short sales with? It is helpful when the agent you are interviewing has already done short sales with your lender. You know that they will already be familiar with your lender’s policies and procedures.

At a minimum, you should look for an agent with experience with Bank of America, Wells Fargo, and Chase. These are the most common short sale lenders. 

Question #3: What can you tell me about my lender and how they work? A knowledgeable and experienced agent will usually know the specifics about your lender. They will be able to tell you what to expect in the process. They will know upfront if the lender is likely to ask for a promissory note or deficiency.

Question #4: What is your track record for success and failure on short sales you have handled in the past? Look at the agent’s track record. If they are hard working and diligent, then they will have a strong track record. That is good news for you.

Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.

Discover how other sellers successfully completed a short sale and request a free consultation by Clicking here.

Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank.  Click here to request a copy.

Thanks for reading this, Rick and Robin Lemmons.

Rick and Robin are a Real Estate Team at Coldwell Banker King Thompson.

Phone: 614-742-2495 or  email robin.lemmons@kingthompson.com
"A Zest For The Best"

View Our homes for sale at  http://www.rickandrobin.com.

Rick and Robin Lemmons specialize in helping Columbus Homeowners short sale and never pay the bank another penny. Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Stop Foreclosure, Stop foreclosure Columbus, OH, Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Columbus Short Sales: Are you facing Foreclosure?

Columbus OH – What can you do if you are facing a foreclosure? One of the scariest and worse case scenarios for a homeowner is getting so far behind in your payments that foreclosure is leering around the corner. You feel as though you have let everyone, yourself included, down. You feel embarrassed, even if you aren’t actually holding the papers yet. So now what?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
Here are a few tips to help you out:

1.) First off if you’ve been getting letters “threatening “ foreclosure you need to step up and take action.  Ignoring them until you actually get the foreclosure papers sent to you will not make it go away.

2.) It’s time to sit down and figure out how far behind you are and if it is truly realistic to catch up your payments. You have to be real and honest with yourself about your situation and figure out a realistic budget to work with. Thinking that “oh I can do this, I just have to cut out my $5 latte every morning and make up the money” is not a realistic option that will get you out of the situation. Be realistic and figure out exactly how much you can budget each month for the necessities and the small extras. If you haven’t noticed, this entire step has used the word “realistic” and that’s the exact word you have to keep in mind.

3.) You have to realize and keep in mind that, in all honesty, the last thing your lender probably wants is to own your home.  They are in the money business, not the home owning business. If they are forced to take over the home they’re also faced with everything a “homeowner” is faced with; such as all of the maintenance, upkeep, heating bills, air conditioning bills, all of the utility bills and more. This comes down to one thing, they really don’t want to take your home and would probably much rather work with you to make realistic arrangements in helping you keep your home.

4.) Do not avoid your lender.  Call them and start to see what can be done to stop the foreclosure. Once the actual foreclosure begins it’s very hard to stop it; so you want to make sure you contact them immediately. If you reach a person that you simply cannot deal with and takes the approach of scare tactics and put downs, then immediately request to speak to their superior. You deserve to be treated with respect throughout the entire process and demand such.

Once you start talking to the financial agent you may find they have many options in place to help you. You are not the first person they’ve had who was in the position of possible foreclosure and you won’t be the last. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at  robin.lemmons@kingthompson.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.

Discover how other sellers successfully completed a short sale and request a free consultation by  clicking here.

Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank.  Click here to request a copy.

Thanks for reading this, Rick and Robin Lemmons.

Rick and Robin are a Real Estate Team at Coldwell Banker King Thompson.

Phone: 614-741-2495.  robin.lemmons@kingthompson.com

A Zest For The Best

View My homes for sale at http://www.rickandrobin.com.

Rick & Robin Lemmons specialize in helping Columbus Homeowners short sale and never pay the bank another penny. Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor. Stop Foreclosure Columbus OH.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Columbus Short Sales: An Ounce Of Prevention Is Worth A Pound Of Cure

Columbus OH – The agent you hire to short sale your house should know how to “influence the BPO.”

http://stopforeclosureinstitutecolumbus.info/short-sale Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The BPO is another agent’s opinion of the value of your home. The bank will willingly sell your home on a short sale if they think the home is selling for close to its fair market value.

The BPO is what they use to determine the fair market value. But, most agents that do BPOs do a lot of them. They may not spend a lot of time evaluating your home and the value.

Some of them turn in 100-200 valuations a month and not every one is accurate. That is why it is important that your agent make sure they understand what your home is worth.

They should meet the agent at your home and explain what the home is worth. That is called “influencing the BPO.”

An hour spent influencing a BPO will save countless hours later escalating a file or negotiating more offers. Yes, maybe I shouldn't be saying this. But, it's true.

If the BPO says the home is worth close to the short sale price, then the short sale will be approved quickly and easily. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at  robin.lemmons@kingthompson.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.

Discover how other sellers successfully completed a short sale and request a free consultation http://stopforeclosureinstitutecolumbus.info/short-sale by clicking here.

Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank. http://stopforeclosureinstitutecolumbus.info/loan-modification-secrets. Click here to request a copy.

Thanks for reading this, Rick and Robin Lemmons.

Rick and Robin is a Real Estate Team at Coldwell Banker King Thompson.

Phone: 614-741-2495. robin.lemmons@kingthompson.com.

A Zest For The Best

View My homes for sale at http://www.rickandrobin.com.

Rick & Robin Lemmons specialize in helping Columbus Homeowners short sale and never pay the bank another penny. Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.