Sentences with phrase «short sale lender»

It may take several attempts to contact your mortgage lender before getting approval for a short sale

A short sale «hardship letter» which will explain to the lender why the seller needs to complete a short sale

I always ask them did they go out and meet the real estate agent or the appraiser who was sent from Short Sale Lender to provide the value back to the Lender?

She has authored a comprehensive series of short sale lender procedure manuals that are used by the top short sale negotiators in the nation.

About the author: The above Real Estate information on short sale lenders lying to mortgage holders was provided by Bill Gassett, a Nationally recognized leader in his field.

A short sale is similar to a regular sale in that the seller contracts a listing agent to put the property on the market, but with a short sale the lender gets involved, too.

A short sale is similar to a regular sale in that the seller contracts a listing agent to put the property on the market, but with a short sale the lender gets involved, too.

In a short sale the lender is going to rely on the valuation they have either from an appraisal or a broker price opinion.

Fortunately these particular home sellers were savvy enough to realize their short sale lender was lying to them.

Given the increase in foreclosures and short sales lenders have increased their standards when evaluating the potential for default of every borrower.

In every short sale the lender will send out a representative who will evaluate the current market value.

Short Sales are contingent upon the short sale lender approving the contract.

In order to complete a short sale every lender requires various documents that must be filled out and returned to them.

If it's only the roof stopping the financing, and it's just a repair, it would be possible to wait until you have the short sale lender approval, and if you're positive you qualify for the conventional loan at that point, perform the roof repairs prior to the appraisal yourself.

The number one thing you need to understand about a short sale is that the short sale lender must realize the true market value of a property.

When you have an ALL CASH offer the seller's short sale lender will expect you to close quickly once they send us the approval letter.

When you have an ALL CASH offer we do not have to submit an approval letter from a lender to the seller's short sale lender.

SPS is the servicer for the Short Sale Lender and they are really easy to work with.

In a short sale the lender is going to rely on the valuation they have either from an appraisal or a broker price opinion.

Given the increase in foreclosures and short sales lenders have increased their standards when evaluating the potential for default of every borrower.

They tell me that the Short Sale Lenders never come back with a value that matches the offer that they have on the property.

Buyers in this market also make the common error of thinking that they should make an offer without an earnest money deposit until the short sale lender approves the sellers» request to do a short sale.

We were very concerned about having access to the home when the appraiser came out from the short sale lender.

It took the short sale lender about 90 days before they ordered the value on the property.

You have to know what to tell the title company's negotiator to say to the short sale lender's negotiator if you want to create a great discount.

With tenacity and assertive proactive actions we make sure that the short sale lenders understand our sellers» positions and see that it is in everyone's best interest to not go down the foreclosure path.

The earnest money shows the seller that you are likely to stay in the deal until the short sale lender approves the short sale or the contract expires.

On an FHA deal, the short sale lender requires an appraisal on the home which is good for 4 to 6 months, versus the standard 90 days for a BPO value.

The key to a successful short sale is making sure that the Short Sale Lender has the correct value on the property and this is where so many Investors and Realtors fail!

Often times the bank hasn't even done their analysis on the property and there is a good chance the short sale lender will never approve the sale of the property at the listed price.

The short sale lenders treat the different loan products differently.