Columbus OH – I'm writing a series in response
to a number of big misconceptions I saw on a personal finance website online.
We are on our final myth from what I saw in an article about short sales on a
popular personal finance website. The writer claimed that in order for your
home to qualify for a short sale it must be priced "reasonably."
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
It is obvious that the writer knows very little about short sales. I can tell
you from personal experience that the banks don't care about whether or not the
price is "reasonable."
They order a version of an appraisal before approving a short sale. If the home
is selling for the appraised value, then they will approve the short sale. If
it is selling for substantially less, then they won't approve it.
No bank has ever asked me if the price was "reasonable." They just
want to make sure it is selling for fairly close to the appraised value.
I think the point the article writer is trying to make is that the home can't be
priced substantially under the fair market value. Some short sales do sell for
less than the fair market value.
In fact, some real estate investors have setup entire businesses dedicated to
buying short sales under the market value and then reselling them for profit. I
don't condone or condemn such practices.
I condemn the banks that allow it to happen. The banks are the ones with
incompetent systems that allow that to happen. I don't recommend that you short
sell your home to a real estate investor.
The short sale is much more likely to fail. The real estate investor is not
trying to help you. They only want to buy your home for as low of a price as
possible in order to ensure a big profit. 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 A Seventh Common Columbus Short Sale Myth: The Property Must Be Priced Reasonably is provided as a courtesy to our viewers to help them
make informed decisions.
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