Columbus OH – Under normal circumstances, banks
are not required to extend the closing of a short sale. The last thing a buyer
would want to hear is that their mortgage lender can't perform especially after
waiting for a number of months to buy a home.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
For the non-short sale transaction the buyer's lender has complete control of
the entire transaction and decides on the closing date. This is not the case in
a short sale. Why not?
With a short sale the short sale bank usually says the short sale approval is
only good for 30 days. If the sale doesn't close before that, then the short
sale approval is null and void.
If the buyer's lender can't meet that date, the buyer could end up losing out
on the opportunity to buy the home. Even worse, the seller loses their
opportunity to sell their home and avoid foreclosure.
Sometimes, banks prefer to foreclose if the auction date is at hand. However,
some banks under certain circumstances will extend the closing date. A short
sale may be extended provided:
* It is not a Fannie Mae short sale in default.
* The bank wants to postpone the auction.
It is always advisable to close on time and not need an extension. Some lenders
do not understand that the short sale closing date is not always flexible, and
that they should do their best to meet that time frame.
You might have to let them understand this just to try and prevent foreclosure
from coming your way. 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://columbusohshortsaleadvisors.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://columbusohshortsaleadvisors.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.
Email: 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.
Important
Notice
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 endorsed 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 Columbus Short Sales: Will Banks Issue an Extension on a
Short Sale Approval Letter? is provided as a courtesy to our viewers to help
them make informed decisions.
No comments:
Post a Comment