Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us. Today let’s talk about how Bullet Proof your West Sacramento Short Sale.
Now there really is no
way to 100% bullet proof your West Sacramento Short Sale but today we are
going to give you a number of ways to do the absolute best you can. Any way you
look at it a West Sacramento Short Sale has a lot of
moving parts and any miscue at any step can spell disaster. So let’s talk about
some ways to increase the chance of approval.
For us it starts at the
initial consultation. During that meeting we are trying to ferret out the true
reason for the West Sacramento Short Sale. Is there really a
hardship or is the seller’s desire to short sale more of a strategic default.
How many banks are involved? Is there a first, second or even a third
lienholder? How many payments have been missed or are they current? Has a
notice of default or notice of sale been filed? How motivated is the seller?
Are they willing to provide the financial documentation and updates in a timely
manner? Based on the responses to these questions we develop a pretty good idea
of whether or not the West Sacramento Short Sale has a chance at
getting approved or not.
On our end we make sure
we do all we can to ensure a successful West Sacramento Short Sale including
submitting the correct and updated lender specific forms as required by each
individual servicer / investor. We ask the right questions on each follow up
call even if the question was asked and answered on a previous call such as;
has a notice of default been filed, is there a sale date, is the loan scheduled
to be sold or service released, has the BPO / appraisal been ordered and when –
if so has it been returned, has a negotiator been assigned, has the file been
submitted to the investor for review and if so when, and the list goes on.
Another big piece of
bullet proofing the transaction is keeping the buyer and their agent fully
engaged in the transaction. We email every buyer and seller once a week
updating them on the status of the file and ask the selling agent to confirm
their buyer is still in the deal.
Communication and follow
up are key to a successful transaction. Much like the law of the farm, the
better preparation you do up front and the amount of care you give during the
process largely determines your success when it comes time to harvest the
fruits of your labor.
Is a West Sacramento Short Sale Right for Me?
To get a better idea of when
your West Sacramento home will be worth what you owe, log
in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did
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