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Loudoun to Winchester Short Sales: A Common Myth On Escalating A Short Sale File

April 11th, 2011 1:15 PM

Loudoun to Winchester VA – We see a lot of agent’s going about escalating a file the wrong way. It reminds me of the appeals process game in death row.

Everyone has to go thru the appeals process. It drags on for years and years. After a while it simply becomes a game. I don’t want to see short sale escalation turn into a “game.”

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Treat the Short Sale Escalation Process like a sales process. Don’t treat it like just another technical process that you do for no reason.

Don’t just escalate the file “because you felt like it.” The reason you escalate a file is because the lender is making a bad decision turning down the offer.

You feel, based on your superior knowledge of the property and the local housing market, that they will lose more money thru foreclosure.

And you are moving the file up the chain to make sure they don’t lose even more money. When you escalate a file, make sure you tell everyone that they are going to lose money if they don’t accept the offer.

Tell them, “Based on my projections, you will net 180k with this offer and 163k after foreclosure.” Give them documentation to back that up.

Here are a few examples of documentation we send to them.

1. Comparable Sales.

2. Other similar homes for sale that are competing for the same buyers.

3. Active, competing bank owned comps.

4. Other bank owned sales that were rejected as short sales and the lenders lost money as a result.

5. MLS History.

6. Bank owned comps that may not have been allowed in the Property Valuation or appraisal.

This documentation is designed to help your case. It will help convince them that you are escalating a file for a legitimate reason. It’s not just a game to 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 cindygreenya@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 703-795-5904

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

Thinking about a loan modification? Our Loudoun to Winchester 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, Cindy Greenya.

Cindy is a Real Estate Agent at EXIT Realty Talbot & Company. Loudoun to Winchester Short Sales Realtor:

Phone: 703-795-5904. cindygreenya@gmail.com.

Opening Doors from Loudoun to Winchester

View My homes for sale at www.Loudoun2Winchester.com.

Cindy Greenya specializes in loan modification assistance and short sales in Loudoun Virginia. Loudoun Loan Modification Help, Loudoun Short Sales. Loudoun Short Sale Realtor. Winchester VA Loan Modification Help, Winchester VA Short Sales. Winchester VA Short Sale Realtor. Berryville VA Loan Modification Help, Berryville VA Short Sales. Berryville VA Short Sale Realtor. Round Hill VA Loan Modification Help, Round Hill VA Short Sales. Round Hill VA Short Sale Realtor. Purcellville VA Loan Modification Help, Purcellville VA Short Sales. Purcellville VA Short Sale Realtor. Loudoun to Winchester VA Short Sales. Loudoun to Winchester Realtor.

Important Notice

Cindy Greenya, EXIT Realty Talbot & Company, and the Stop Foreclosure Institute are not associated or affiliated in any way, shape, or form with the government. Our services have not been reviewed, endorsed, or approved 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.

If you stop paying your mortgage, then you could lose your home and damage your credit. 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 Greenya’s personal views and do not reflect the views of EXIT Realty Talbot & Company.

This information on Loudoun to Winchester Short Sales: A Common Myth On Escalating A Short Sale File is provided as a courtesy to our viewers to help them make informed decisions.

Posted by Cindy Greenya on April 11th, 2011 1:15 PMPost a Comment (0)