Columbus OH – A bank should approve a short sale
when it makes the best financial sense to do so. Here is a little
known fact. About 80% of all loans are not owned by the bank
handling them.
That means that someone else is going to lose money if your bank rejects the
short sale.
Click
here to discover how other sellers successfully did a short sale and avoided
foreclosure. http://columbusohshortsaleadvisors.com/
Here is another little known fact. Banks usually
lose money whenever they reject a short sale and foreclose on a home. I am sure
you are wondering why. Let me explain.
Most short sales are still owner occupied. As you probably know all bank
foreclosure properties are vacant. An occupied property is much easier to sell
than a vacant one.
An owner occupied home looks like a home. The furniture and appliances are
setup in their proper places. The house is clean and kept up on.
Here is something else that people do not understand about short
sales. All banks and servicers have a fiduciary duty to the
investor of the loan.
If they own the loan themselves, they have a fiduciary duty to their
stockholders. The duty is to get that investor the most money possible.
So, a lender should accept an offer if it will net the most money. Your only
job is to prove that to the lender. Here is how we can assure the
negotiator that the offer will net them the most money.
Do that by showing them that the property has been on the open market for 60-90
days. It is best to be able to show that the house was easy for buyers to see
and other agents to show.
Ask them the following, "The agent selling the home is an experienced
agent. The house has been on the market for X number of days. I have lived here
the entire time and kept up on the house.
It looks good. We have had 43 showings since it's been on the market. Out of
that, only 3 buyers expressed interest. Out of those 3 buyers, the current
buyer is the one willing to pay the most money.
The agent is doing their job marketing the property. With the current
foreclosure case status, the home won't be foreclosed until June or July. When
you foreclose on the house, I will move out.
I won't be keeping the house up anymore. The new listing agent will be working
on 20 other homes and won't be able to do as good of a job as myself.
Do you honestly think the home is going to sell for more money at that
time?" When you ask them that, they won't be able to argue with 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. 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.
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 When A Bank Should Approve A Columbus Short Sale Offer is
provided as a courtesy to our viewers to help them make informed decisions.
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