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Team Aldrich
(877) 644-SELL (7355)
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Seller Information
A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. With over 50 years of combined experience in the local real estate and lending market, Team Aldrich can help you decide if a short sale will work for you.
Is a conventional sale more appropriate for you?
Visit www.TeamAldrich.com for more information about our conventional sales plan.
Avoiding a Short Sale or Foreclosure
Use a Specialist
Getting the Bank to Say "Yes!"
Avoiding a Short Sale or Foreclosure
If you would like to try to keep your home you may consider asking the lender to modify your existing loan.
Lenders are in the business of making loans, not selling real estate. Your lender does not want your property. If you can prove to the bank that you have corrected the problems that led you to be late on your payments, it's very likely your lender will work with you.
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Use A Specialist
You wouldn't ask your family doctor to perform brain surgery, why would you ask an average Realtor to perform your short sale? Getting a short sale approved by the existing lender is a multi-step process that requires patience, persistence and a lot of experience. If you decide that a short sale would work for you, have a short sale specialist represent you.
Don't talk to a buyer until you have a specialist on your side. An un-represented buyer can do more harm than good and are only working in their own interest.
In a short sale, the lender pays the real estate fee and other closing costs so you get the benefit of a real estate specialist at no cost to you. The lender knows that it is in their best interest, as well as yours, to have a professional orchestrate the short sale file, from the beginning to end.
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Getting the Bank to Say "Yes!"
We understand what the lender is looking for in a short sale file. We know that being prepared and maintaining our professionalism are critical to getting short sale approval.
You only have one chance to make a good impression, and from us, that's just what they'll get. We have one opportunity to impress the lender with a complete, well-organized file. We know what the lender is looking for and will structure the application to give you the best chance of receiving short sale approval.
Your application will not be accepted or rejected by a computer. It is important that we appeal to the human side. Believe it or not, many people working in the loss mitigation division have faced similar problems to those you are facing now. We will help you summarize the events that made you to fall behind on your mortgage so that the person handling your file for the lender will try to help you get approval.
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