Columbus OH – We get all sorts of questions from
buyers trying to purchase short sales. "We made an offer on a short sale almost 2 months ago. We
haven't heard anything back from the bank. Why won't they approve my
offer?", they ask us.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
So why do some buyers wait for 2-3 months and never get a response on their
short sale offer? Are the banks really that bad?
Here is the answer to those questions. In some cases the reason that short
sales are not approved quickly is because of the lender. The lender may just be
backed up.
I know that we have waited a week for a call back from the bank. We had a
designated short sale negotiator at the bank.
But, they were so overworked and backed up on files that it took them a week to
return a call. That's pathetic, isn't it?
In other situations, we have seen the banks demand that the sellers agree to a
promissory note. If the sellers don't agree to it, then they won't approve the
short sale. Some of those sellers refused to sign a promissory note.
The short sale was never approved. But, we have seen lenders ask for a
promissory note on less than 10% of the short sales we have handled. So, that is
rarely the problem.
In most cases the problem is that the agent negotiating the short sale with the
lender doesn't know what they are doing. They aren't following up with the
lender regularly.
They don't take the short sale process seriously. The lender tells them that
they are missing documents and it takes them a week to track them down. You
have to push the bank to approve the short sale.
Most agents aren't trying to keep the process moving along. And the people at
the banks are overworked and don't push the files along easier.
So, if you are buying a short sale, don't make the mistake of
making an offer on just any short sale. Check to make sure that
the seller has hired a hard working, experienced short sale agent to help them
sell their home. 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 2012 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 The Biggest Mistake Buyers Make When Buying A Short Sale is
provided as a courtesy to our viewers to help them make informed decisions.
No comments:
Post a Comment