Twitter Counter

Do Banks Want To Do Northeast OH Short Sales?

Northeast OH – The Stop Foreclosure Institute recently received an email from Elaina. Here is what she had to say.

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

“Hi, I am a Real Estate Agent. You have some good information on short sales. But, is it written assuming that banks actually want to do short sales.

I have worked on a particular short sale with a large national bank. We started on it seven months ago. They sent out an appraiser a couple of months ago.

Then, they said they were transferring the file over to a third party short sale negotiating company. Now, we have to start the process at the beginning with this new short sale processor.

What can I do to get the process moving along. It seems to me like the banks do not want to work with us on a short sale. Elaina.”

Here was our answer to Elaina’s Question. Banks do like to do short sales. The problem is that some banks are overwhelmed with so many short sale and loan modification applications.

Here is why the banks prefer a short sale to a foreclosure. They have learned from past experience that a short sale dramatically reduces their losses compared to a foreclosure.

They know that a short sale is sold 6-12 months sooner than they can sell a house. Short Sale Homes usually sell for more money than a foreclosure.

In addition, they are able to reduce a lot of costs associated with a foreclosure. Those costs include legal fees, court fees, interest, property taxes, and a lot of other costs.

This helps out their bottom line. So although it may seem like they don’t like short sales, the truth is that they do. 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 iandymorris@gmail.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 (440) 348-5500

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Northeast OH loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Andy Morris.

Andy is a Real Estate Broker at Realty Trust Services.

Phone: (440) 348-5500. iandymorris@gmail.com.

View My homes for sale at www.rtserve.com.

Andy Morris specializes in loan modification assistance and short sales in Northeast OH. Northeast OH Modification Help, Northeast OH Short Sales, Northeast OH Short Sale Realtor, Northeast OH Short Sales. Northeast OH Realtor, Northeast OH Stop Foreclosure, Northeast OH Foreclosure Prevention, Prevent Foreclosure Northeast OH, Northeast OH Foreclosure Defense, Northeast OH behind in Payments.

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>