Columbus OH – We often get asked if a short sale
is even worth the effort. “Do I need to have my short sale 'Approved' by my
lender before I put my home on the market?” one seller asked us.
“When I called my lender they wouldn’t talk to me about my short sale. I am
concerned that they might do that when I finally sell the property and I’ll
never get the short sale approved.”
Discover
how other sellers successfully did a short sale to avoid foreclosure by
clicking here. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
Here was our answer. Most lenders will not talk to you about a short sale until
you have several things in place.
They want a solid offer from a pre-qualified home buyer along with all the
necessary financial documents. Why do they do this?
Because they only want to process short sales that will sell and close. Now, I
think it’s a stupid way to do things. Instead of refusing to negotiate short
sales until there is an offer on the table, they should instead pre-approve
short sales.
It would make the process so much easier. A home could be placed on the market
at a set price. Buyers would be more interested in the property because they
know they can get an answer in 2-3 days versus 2-3 months.
We have brought this up with Matt Vernon, the Vice President of Bank of America’s
Short Sale Department. He knows there is stuff to improve.
But, it’s hard to change the course of a huge company with so many different
parties involved. Despite all this, experienced short sale agents are getting
short sales approved every day.
The Short Sale Process is getting better and easier to navigate. More and more
lenders are moving towards “Approved” Short Sales.
You just need to find a good short sale realtor that can navigate their way
thru the crazy short sale process.
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. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
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. http://columbusohioshortsaleadvisors.theshortsaleguide.com/
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 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.
Rick and Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure
Institute are not affiliated in any way, shape, or form with the government.
Our services have not been reviewed or endorse by the government or your
lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to
help you on a short sale, your lender may not agree to a short sale or to
modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else
in life. It takes work and persistence to convince your lender to modify your
loan. No matter what you or we do, your lender may not approve a loan
modification.
We do not recommend that you stop paying your mortgage, because this will cause
damage to your credit and could cause you to lose your home. Because we know
avoiding foreclosure is so important to any homeowner, we recommend that you
speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a
licensed professional before making any decision. Information is deemed
reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with the
short sale, then you do not have to pay us our fee. We normally make a real
estate sales commission for helping you on a short sale.
The views expressed here are Rick and Robin's personal views and do not reflect
the views of Coldwell Banker King Thompson.
This information on Does My Columbus Short Sale Have To Be Approved Before I
Put It Up For Sale? is provided as a courtesy to our viewers to help them make
informed decisions.
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