Nashville
TN – Many people mistakenly think that a short sale is adversarial. "I
will fight that banker and convince them to let me short sale and walk
away from the upside down debt", they think to themselves.
That is not how short sales actually work. Most negotiations are not
adversarial. In fact, most short sale negotiators are just normal
people.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
They go to work each day and go thru their files. There is a lot of
paperwork and reports that have to be filed. Most of them don't get out
of bed looking forward to a tough negotiation.
They simply have to process their file in accordance with the
guidelines. The banks have budgeted money to write down mortgages on
short sales.
The CEO (or someone similar) at the bank sits down and talks about
the loans in default. We have X number of loans in default and we can
expect to lose X percentage on each loan.
That means that I have to set aside 10 Million Dollars to cover the
projected losses on those loans. He will then give the person managing
the short sales guidelines.
Those guidelines will be used to keep the losses at 10 Million
Dollars or less. This is why short sale negotiations are no adversarial.
They banks already know they are losing money.
They have resigned themselves to losing it. Now they just have to go
thru the process and minimize the losses as much as possible.
They know that a short sale reduces losses by an average of 20%
compared to a foreclosure. That makes them eager to negotiate a short
sale with you.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at nashvilleshortsalepros@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
(615) 850-4173
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Nashville 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, Reggie Woodgett.
Reggie is a Real Estate Agent at RE/MAX Elite. Nashville Short Sales Realtor:
Phone: (615) 850-4173. nashvilleshortsalepros@gmail.com.
View My homes for sale at .
Reggie Woodgett and The Woodgett Group specialize in loan
modifications and short sales in Nashville Tennessee. Nashville Loan
Modification Help. Nashville Short Sales. Nashville Short Sale Realtor.
Nashville TN Short Sales. Nashville Realtor.
Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Reggie Woodgett, RE/MAX Elite, and the Stop
Foreclosure Institute are not affiliated in any way, shape, or form with
the government. Our services have not been reviewed or endorse by the
government or your lender. Most lenders willingly work with agents on
short sales. Why?
Because most short sales are beneficial to a lender. If you accept
our offer to help you on a short sale, your lender may not agree to a
short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like
everything else in life. It takes work and persistence to convince your
lender to modify your loan. No matter what you or we do, your lender may
not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this
will cause damage to your credit and could cause you to lose your home.
Because we know avoiding foreclosure is so important to any homeowner,
we recommend that you speak with the appropriate legal or tax advisor
before making any decision.
This is not intended as legal, technical, or tax advice. Please speak
with a licensed professional before making any decision. Information is
deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from
your lender if it does not meet your approval. If you decide not to go
thru with the short sale, then you do not have to pay us our fee. We
normally make a real estate sales commission for helping you on a short
sale.
The views expressed here are Reggie's personal views and do not reflect the views of RE/MAX Elite.
This information on A Common Nashville Short Sale Myth: Short Sales
Are Adversarial is provided as a courtesy to our viewers to help them
make informed decisions.