West Sacramento Short Sale Information – Why Would Wells Fargo Accept A Short Sale?

Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us.

Why Would Wells Fargo Accept A Short Sale? Real simple – it’s all about the money. That’s the short answer. The long answer – in a West Sacramento Short Sale the lender or end investor stands to lose about 15-20% less in a Short Sale vs. Foreclosure. Wells Fargo, like all the other lender / servicers are for profit companies. Their job is to, make money for the Wells Fargo shareholders. Millions in executive compensation and bonus depend on it. So if you are the CEO, CFO, Senior Vice President or any other high level executive and you have to decide to accept a West Sacramento Short Sale or foreclose and lose an additional 20% what are you going to do? Take the West Sacramento Short Sale of course. It’s called first loss is best loss. If the future loss looks greater than the current loss it is prudent business to take the first loss and move on.

Now, what is important here is the Wells Fargo Short Sale has to net Wells Fargo more than the foreclosure. If the Wells Fargo Short Sale offer is so low it makes better sense to foreclose, you can bet they sure will. Again it’s about the money and where Wells Fargo will lose the least amount. Generally a fair market value short sale offer will trump a foreclosure for mitigating loss.

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

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.