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
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