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How To Get A Northeast OH Short Sale Approved In 90 Days Or Less

Northeast OH – Most agents complain about how short sales drag out for months at a time.

Another agent once told me, “I hate short sales. They take 9-12 months to complete. The banks never call you back to let you know what is happening.”

The real problem is that most home buyers will wait for 45-60 days for an answer on a short sale offer. After that, then they become impatient.

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

Here are the 4 simple steps your agent can use to get your short sale approved in 90 days. If they miss any of these steps, then you risk waiting 6-9 months for an answer on the short sale.

Step 1: Find out the type of loan it is. Examples are Fannie Mae, Freddie Mac, FHA, VA, Portfolio, and “Sliced and Diced.”

Step 2: Influence the BPO. The BPO is the bank’s version of an appraisal. They use that property valuation to make a decision to approve or deny a short sale offer.

Many BPOs are inaccurate. As a result, many short sales are unnecessarily rejected. The banks lose even more money when they property sells later on.

Step 3: Find out what the BPO value is. Ask the negotiator for that info. They are required to send you a copy of the FHA appraisal (if the short sale loan is an FHA loan.)

You can get a copy of the VA appraisal (short sale on a VA loan) from one of the VA Loan Centers.

Step 4: Use that information and knowledge of the loan owner’s short sale guidelines to force the lender to approve the short sale.

Note: If the buyer’s offer meets the loan owner’s short sale guidelines, then it should be approved as is. No being washy washy and wasting people’s time. 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.

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