West Sacramento Short Sale Information – Why Let Your Bank Select Your Short Sale Agent

Looking for West Sacramento short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let’s talk about bank referred short sale agents

  

There is a trend of late where several of the big banks – Bank of America and Chase to name a few are starting to refer a West Sacramento Short sale agent to sellers in need of a West Sacramento Short Sale. The programs are called many different things such as “Preferred Partner” or “Alternative Right Party Contracts”. To become one of these “Preferred Partners” as an agent you basically have to sell your soul to the retail lending arm of the particular bank and promise to send them business. I know because of the success we’ve had was contacted by both to participate. I chose not to participate so my loyalty to the seller could never be questioned.

While good in theory, the real question about these programs is who do they really benefit – the homeowners looking to short sale their West Sacramento home, the Bank or the West Sacramento Short Sale Agent?

Now that’s a Great question.

So lets thisnk about this for a minute the bank, is sending you their recommendation of who to use for your West Sacramento Short Sale Agent? Now legally and ethically the West Sacramento Short Sale Agent has a fiduciary duty to you the seller but who is your West Sacramento Short Sale Agent working for? You or the bank? Whose best interest do they have at heart – yours or the source that is giving them regular steady business in an uncertain market? Makes you think doesn’t it. AND what are the qualifications of this West Sacramento Short Sale Agent. Did they have experience in the trenches or did they make a deal with the Retail lending arm of your particular bank.

Now, I know some agents who are “Preferred Partners” with a specific bank and I would NEVER even doubt their motivation and ethics in representing the seller in a West Sacramento Short Sale. But keep in mind a West Sacramento Short Sale is an us vs. them negotiation. My job as your West Sacramento Short Sale Agent is to get you the best deal I can including any relocation incentives available, getting values changed or postponing foreclosure sale dates. If this means I have to step on some toes or go over the banks head directly to the investor, CFO, EVP or other so be it – I work for you not them. Is a West Sacramento Short Sale agent whose livelihood depends on getting these assignments from the same bank willing to pull out all the stops for you and risk his referral source? Hopefully they are.

I am sure this post will piss off a lot of people, agents and lenders alike – but who cares. My obligation is to the West Sacramento homeowner and no one else.

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