Getting A Short Sale Approved
Working with lenders to get short sales approved is what we do. We know the importance of getting started on the right foot with the lender’s loss mitigation department. We have learned many times over that being prepared and maintaining our professionalism are critical to getting short sale approval.
The Lender Wants a Great File…
And from us that is just what they will get. We have one opportunity to impress the lender with a strong, complete and well organized file. That initial step will go a long way towards determining the lenders position on approving your file.
Lenders do not want to acquire properties through foreclosure, but they will not approve just any short sale. When your short sale file is submitted to your lender for approval we will map out a plan for approval that will have the lender feeling positive about approving the short sale.
Appeal to the Human Inside
Your short sale file will be reviewed by a living breathing human being. Someone, that can’t help but be influenced by the difficult circumstances being faced by others. We will help you outline the events that caused you to fall behind on your mortgage so that the loss mitigation representative handling your file will look for ways to give us approval.
Do Not Pay Upfront Fees
To anyone! You do not need to pay professional service or consulting fees to get the help you need to resolve your delinquent loan. The State of California has determined that the practice of offering consulting services to those with delinquent mortgages presents an opportunity for abuse.
In most cases, you can work with your mortgage company to determine what options are available to you to resolve your delinquent mortgage. If the problem that led to your delinquency is temporary, you may want to explore the possibility of a Forbearance or loan modification agreement with your mortgage holder.
If your situation is so complex that you feel you need guidance, call us. We do not charge consulting fees and we will do all we can to give you the help you need.
Get Professional Representation
Getting a short sale approved by the existing lender is a multi-step process that requires patience, persistence and a lot of experience. If you decide that a short sale is the best answer for your situation, have a qualified professional represent you.
Do not allow a purchaser to work directly with your mortgage holder!
Don’t let the purchaser speak for you
In order to get a short sale approved your mortgage holder will require that you provide a great deal of personal financial information and documentation. You don’t what the purchaser discussing the details of your financial situation with your mortgage holder. You have absolutely no control over the purchaser and what they tell your mortgage holder.
The purchaser is interested in one thing, and that is to get the best deal possible. The negotiation with your mortgage holder could be unnecessarily drawn out by the purchaser to the point that you would not be left with time to avoid foreclosure if the purchaser does not close escrow.
Professional Representation – Free to you
Because the mortgage holder pays the real estate fee, professional representation is free to you. In effect, the mortgage holder pays the real estate fees, along with most other sales costs, so the short sale file can be handled by a professional.
The mortgage holder knows that it is in their best interest as well as that of the borrower to the have short sale file put together properly from the beginning, by a professional that does not have a conflict of interest.