The right mortgage short sale expert can get your lender (or lenders if you have two mortgages) to accept your short sale. And they can get your house sold even when there are "no buyers."
Experts can help you with your short sale.
But it is crucial that you don't pick just anybody. The right experts short sale services makes all the difference.
Many real estate brokers claim to be short sale experts, but they are not. They are real estate agents first, and they claim expertise in short sales in order to try to get people to sign on the dotted line.
I am not against real estate agents. I author the Mortgage Relief Formula home study course and a lot of realtors and brokers buy the course in order to help their clients. But unless an agent really specializes, they can end up listing your house only to have it sit there with no offers. Meanwhile, the lender drags their heels and won't say "yes" and the house end up in foreclosure.
Here is what a good expert will do for you:
Help you assemble your package to submit to your lender (or lenders if you have two mortgages)
Draft a hardship letter
Get a good broker's price opinion on the property
Present this and other documents to your lenders
Help to get the property sold fast (see sell your house fast to learn about the nine day house sale method that sells your house in nine days without fixup, even when there are "no buyers" out there)
Get the buyer to be okay with things, even though short sales sometimes drag on and buyers are tempted to abandon their offer
Persist in getting the lender to say "yes"
Work on negotiating for you so that the lender doesn't ding your credit too bad, and so the lender agrees not to go after you for their financial losses later on (in many states they can sue you for their losses).
A good expert in short sale services is extremely helpful. And the best thing is that you generally do not have to pay a great deal. The majority of their cost can come out of the proceeds the buyer puts in at closing.
And now get my 25 page free acclaimed instant report Keep Your Home. Learn how to get lower payments without new loans, do a short sale using an expert or on your own, sell your house in nine days without fix-up no matter how bad the market is in your neighborhood... and even how to cut your credit card payments while improving your credit rating.
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