How To Close A Short Sale
Closing a short sale is not an unproblematic job. Mindset is the most vital thing when trying to close a short sale. We see all of the designations that other realtors have. Yet, some of these agents have never completed a short sale. They label themselves an expert in short sales and other real estate specialties but they have no practical experience. Receiving a designation is a great start, but actually completing short sales is so beneficial.
Short sales are the biggest grey area of the real estate business. The lenders want you to think that it is all black and white. When you hear something from the bank, you could call back tomorrow and you may get an answer that is absolutely conflicting. Try calling the lender ten times and see how many times you get the similar response.
As a matter of fact, sometimes we don’t even get the bank to answer the phone. It appears that the power goes out at lenders on a regular basis. There have been so many times that we have come to a position that has never occurred before. But we just say that it doesn’t matter. Our frame of mind is to complete the short sale regardless of the situations. The lender has procedure and regulations, but if you can show the bank that they are saving money with a short sale over foreclosure you can complete a short sale.
It is amazing that the bank doesn’t inform their employees that this process is just about savings over foreclosure. do not believe all that you see and hear. do not allow your property to go to foreclosure. Do something about this state of affairs. Even if you are not in the Minnesota locale, contact us. We can help you locate the right real estate agent. We can also help you determine if your property is a good candidate for a short sale.
Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota
Filed under Foreclosures by .