A Common Columbus Short Sale Myth: Negotiations With The Bank Are Adversarial

Columbus OH – Lenders are misunderstood when it comes to a short sale. Some people think that lenders prefer a foreclosure over a short sale. This is not true at all.

Lenders actually lose out when they foreclose on a house. Remember, your lender prefers the option that will net them the most money possible.

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

They prefer a win-win situation a short sale offers. The lender knows that they are losing money and expect to suffer a lost. They just want to minimize that loss as much as possible.

A recent study showed that a short sale reduces a lender's losses by 20%. In my experience with short sales that number has been much larger.

A seller’s job is to be friendly and open with the lender so that the lender is more comfortable with the option of allowing a short sale.

Sellers should be prepared to write a good hardship letter, and provide the lender with all the important documents so that the lender understands the seller’s situation.

That way the lender may even help the seller throughout the procedure by looking for an agent that could help him, etc. The seller is not required to argue with the lender or be hostile.

Sellers should keep their egos aside when dealing with lenders. An aggressive and hostile approach is not needed. 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, Robin Lemmons.

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.

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Important Notice

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 Robin's personal views and do not reflect the views of Coldwell Banker King Thompson.

This information on A Common Columbus Short Sale Myth: Negotiations With The Bank Are Adversarial is provided as a courtesy to our viewers to help them make informed decisions.