West Sacramento Short Sale Information – Why Do Wells Fargo Short Sales Fail?

West Sacramento Short Sale Specialist, Default Advocate, Distressed Property Expert and West Sacramento Short Sale Agent Mike Rigley here bringing you the latest West Sacramento Short Sale Information. Thank you for joining us.

Why Do Wells Fargo Short Sales Fail? That’s a pretty fair question with a generally easy answer. Most Wells Fargo Short Sales fail for one of three reasons:

1) Ego and emotions: A vast number of Wells Fargo Short Sales fail because the Wells Fargo Short Sale became personal and one or more of the parties, be it the short sale negotiator / agent, the banks short sale negotiator, the buyer or the seller made it personal and let their feelings over ride what was best for all parties

2) Poor understanding of the Wells Fargo Short Sale process: All too often an inexperienced so called West Sacramento Short Sale “Specialist” gets in over their head and takes “NO” for an answer. When the banks say no on a Wells Fargo Short Sale, it only means “No I don’t have the authority to answer” and as an experienced West Sacramento Short Sale Agent you need to know when to escalate the file. Never say die. And lastly…

3) Lack of documentation / follow through by the seller or agent. Most Wells Fargo Short Sales can be completed with a minimum of documentation but you still have to supply an explanation why you aren’t supplying the requested information. Give the banks an explanation or documentation and it usually is enough to keep the file moving forward

Notice lack of hardship was not one of the reasons? That’s because if the bank knows it is going to get the property back either as a Short Sale or foreclosure they would much rather prefer the Short Sale – again it’s all about the money.

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out.

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.