Do Banks Want To Do Columbus Short Sales?

Columbus OH – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.  http://columbusohshortsaleadvisors.com/

"Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written assuming that banks actually want to do short sales.

I have worked on a particular short sale with a large national bank. We started on it seven months ago. They sent out an appraiser a couple of months ago.

Then, they said they were transferring the file over to a third party short sale negotiating company. Now, we have to start the process at the beginning with  this new short sale processor.

What can I do to get the process moving along. It seems to me like the banks do not want to work with us on a short sale. Elaina."

Here was our answer to Elaina's Question. Banks do like to do short sales. The problem is that some banks are overwhelmed with so many short sale and loan modification applications.

Here is why the banks prefer a short sale to a foreclosure. They have learned from past experience that a short sale dramatically reduces their losses compared to a foreclosure.

They know that a short sale is sold 6-12 months sooner than they can sell a house. Short Sale Homes usually sell for more money than a foreclosure.

In addition, they are able to reduce a lot of costs associated with a foreclosure. Those costs include legal fees, court fees, interest, property taxes, and a lot of other costs.

This helps out their bottom line. So although it may seem like they don't like short sales, the truth is that they do. 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.

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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 Do Banks Want To Do Columbus Short Sales? is provided as a courtesy to our viewers to help them make informed decisions.