When Lender[s] agree to discount
their payoff[s] to accommodate the sale of a
property.
Requirements include:
* Hardship
* Sale Value is less than loans + encumbrances +
selling costs
* Delinquent [ or defaulted ] loan
Is using our Certified
Short-Sale Professional (CSP) or a Short Sales &
Foreclosure Resources really necessary?
It is so important to know how to work with lenders and
how to present the
offer to a lender that will
make the lenders job easier and more likely to
agree favorably. Understand that there are
hundreds if not thousands of requests for
short-sales. If a lender sees a well presented
and thorough package compared to a package that
will need much time and attention, which do you
think will get the preferential treatment?
Additionally, your CSP trained agent has
connections with many lenders, local and
national, and will understand the best way to
guide your package through the system.
What should
you expect during the process?
