West Sacramento Short Sale Information - Why West Sacramento Short Sales Fail?

West Sacramento Short Sale Agent, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Specialist Mike Rigley here bringing you the latest West Sacramento Short Sale Information. Thank you for joining us. Today let’s talk about why West Sacramento Short Sales Fail

While the number of West Sacramento short sales has surged in recent years, closing on such transactions still poses plenty of challenges.

There are a number of reasons West Sacramento Short Sales fail including:

The property was priced too far under Fair Market Value and truly the offer was dead on arrival. We know from experience that there is a number below Fair Market that the investor will accept before it makes more financial sense to foreclose. If your property is priced below that level you are done before you even begin

The Lender approves the West Sacramento Short Sale but doesn’t allow enough time to close the escrow before the property is sold at auction

You get a bad appraisal or BPO causing the investor to believe the West Sacramento Short Sale property is worth more than it really is. Fighting a bad value is difficult and time consuming. Many times you are better off closing the file and waiting until the appraisal expires and hoe the next one is more realistic

The West Sacramento Short Sale gets approved but the property fails the inspection or the loan falls apart and there is not enough time to get a new buyer before the foreclosure sale date. Even after the West Sacramento Short Sale is approved you still have to close the escrow and there are no guarantees even on cash offers

And my all-time favorite – Ego. Ego is the one deal killer that is tough to get around. As a West Sacramento Short Sale Specialist we have to remember that no matter how arrogant or uninformed the negotiator is, we have to work around them for fear of the file getting closed and losing the West Sacramento Short Sale to foreclosure. While we won’t let anyone kill a good deal, more than once we have been on the receiving end of a negotiator retaliating against us for escalating a file over their head

Is an 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