How to Lose a Short Sale

Written by admin on 02 April 2010

How to Lose a Short Sale
Ways of Irritating Lenders-and Loosing a Short Sale

How to lose a Short Sale Why do banks even consider taking a short sale? They will be loosing thousands of dollars and they already have the right to foreclose. There are many reasons banks have for wanting a short sale to go through, even though they will be loosing money on the sale. If the owner does not do a short sale, they will more than likely be going into foreclosure very quickly. A foreclosure for a bank is a costly and frequently takes months to get done. In a normal market that might not be that bad, but I our current condition with foreclosures causing the prices of homes to plummet a wait of 4 months could cause the value of the property to drop thousands of dollars.

So why if it is in their best interest to do short sales, do banks frequently loose buyers by taking far too long to respond to an offer, not calling the agents back when they say they will, not approving a sale even though they previously said the bank would take that sales price? It really comes down to how the bank has been approached by the agent.

Banks are people too! If you had an irate rude person calling your office everyday and complaining about how terrible you are doing your job how hard would you fight to get them a good deal? You wouldn’t, you would “accidently” loose their paperwork and let them stew in their own juices. Now imagine you had 15 people a day calling you and yelling and criticizing you. Then one person calls and is nice, one person is considerate of you time and energy; how well would you treat them?

Read more ways to lose a short sale »

Is A Short Sale Right for Your Situation? Find out today: If you live in Central Florida, contact The Orlando Property Group, your experienced short sales agents, specializing in real estate in Lake, Seminole, Orange, and Volusia Counties.

Seaching for a great real estate value in Central Florida? Need help with a short sale? Call or email me TODAY to go over your options!!!!!! Looking for specific information regarding Orlando Florida real estate prices and communities? Get Your Free Market Snapshot Read Also: Orlando Florida Relocation Resource Guide Read Also: Business 2.0 Magazine has named Orlando the number 1 hottest market with America’s best jobs. Read Also: Orlando Florida Facts & Resources Read Also: Orlando Florida City – Everything You Need To Know! If you are wanting to sell your Seminole County or Orlando area home in the next 6 to12 months, now is the time to begin putting your plan into place while time is still on your side. Please contact us for any real estate assistance you may need. We’re experts at putting people together with homes they love and can afford. Contact us today for information on Orlando and Seminole County real estate, Orlando & Seminole County homes for sale, Orlando & Seminole County relocation information, a free market analysis of your Orlando area or Seminole County home or statistics on homes in Orlando & Seminole County Florida or the surrounding Central Florida area, including Seminole County, Orange County, Lake County and Volusia County. We’re always available to answer your questions.