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Understanding the Short Sale Process

Submitted by Platon on Wednesday, 1 April 2009No Comment

Your short sale expert should be able to extend the time you can remain in your home, assist with a loan modification, set up a short refi, or help sell on a short sale. Remember that the loss mitigators you are calling are human as well and should be spoken to respectfully. Your short sale expert is experienced with these communications. Let them make the calls, you are way too emotionally involved.

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  • Understanding the Short Sale ProcessYour short sale expert should be able to extend the time you can remain in your home, assist with a loan modification, set up a short refi, or help sell on a short sale. Remember that the loss mitigators you are calling are human as well and should be spoken to respectfully. Your short sale expert is experienced with these communications. Let them make the calls, you are way too emotionally involved.
  • Who Pays the Fees in a Short Sale?One of the biggest question/ concerns a short seller has, is "Who will pay your commission in a short sale?" The answer is very simple. In a successful short sale negotiation the lender will pay the real estate commission and any other fees involved
  • Short Sale StrategyRising foreclosure rates across the nation have prompted the use of the "short sale" to save home owner's credit. However, the short sale process is a complicated process and if it's not done correctly, could cost home owners dearly.
  • Short Sale Information Facts – How to Determine If You Qualify For a Short SaleThese short sale information facts are designed to help you understand how a bank determines if you qualify for a short sale. If you've ever driven in most neighborhoods or scanned various online real estate "For sale" ads, you have no doubt seen the, "Short Sale" ads popping up in numerous communities. What is a Short Sale in layman's terms please?" In a nutshell, when it comes to real estate, this type of transaction becomes a consideration when a homeowner

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