A Common Columbus Short Sale Myth: The Realtor Is Required To Submit All Offers to the Short Sale Lender

Columbus OH – Many people have misconceptions about a short sale and how it works. Many people think that the seller's realtor and the seller are required to submit all offers to the short sale lender.

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

It is the owner’s house. If they want to sell the house or not, then it is their decision. The only role of the lender is to approve or deny the short sale offer.

The lender is interested in getting the highest offer so they can reduce their losses as much as possible. It is quite possible that more than one potential purchasers are interested in buying the house.

However, it is the seller’s decision to choose which one to submit to the short sale lender. It is not a necessity that the realtor submits all offers to the lender because the lender is only interested in the best bid.

The remaining offers can be kept as backup offers in case the original offer doesn't go thru. Some lenders require the realtor to submit all offers, but that is not usually the case.

A purchaser may feel that their offer is being withdrawn or withheld from the bank intentionally but there is nothing one can do about it.

Think about it. If your offer is not as good as the others, then it would not make any sense for the realtor to present your offer to the lender.

Even if he did present all offers before the lender, it is most likely that the lender will choose the highest offer. 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. 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. 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: The Realtor Is Required To Submit All Offers to the Short Sale Lender is provided as a courtesy to our viewers to help them make informed decisions.