Ridgewood Short Sale Realtor Advice: I've heard banks won't do short sales. Is that true?

Ridgewood NJ - I recently talked to a homeowner in foreclosure. She had heard of the short sale option. But, someone had told her that short sales are tough. They told her, "Banks never accept short sale offers. You are wasting your time if you try one."

As a result, she never researched her options and lost her home to foreclosure.

Many agents close short sales day in and day out. Short Sales are a specialized endeavor. They are much more complicated than your average real estate transaction.

 Discover how other sellers successfully did a short sale and request a free consultation by clicking here.

The closest comparison I can think of is learning to ride a bike. Remember the first time you tried to ride a bike and you crashed and fell off? You felt like you would never be able to ride a bike. Maybe you told your mother, "I'm just not as smart as Timmy.

He knows how to ride a bike." But, then you try it again. This time you make it a few feet before crashing. By the end of the day you are riding your bike around.

Turns out Timmy wasn't so smart after all. Short sales are like that. The first one is very frustrating.

You find yourself saying, "I just don't know what these banks want. This is crazy." But, the next few are a lot easier. Soon you understand the process.

And you realize that short sales are just like anything else in life. Once you figure out how the system works, then it becomes easy.

You learn what words like BPO, FHA, VA, Fannie Mae, Freddie Mac, deficiency, servicer, sliced and diced, and delegated mean. Pretty soon you can negotiate a short sale with confidence. Are you are looking to short sell your house?

Experience and persistence are the keys to short sale success. Experience because you have learned what to do. Persistence to keep on going when others would quit. Not all short sale offers get approved the first time.

After that first offer gets turned down, you now know what the lender wants. This makes it easy to get the next short sale offer accepted. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny.

Send me an e-mail at jlockard@remax.net. I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (201) 825-6600 x 343 or on my cell at (201) 674-3114.

 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Ridgewood Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this, James Lockard.

James is a Real Estate Agent at RE/MAX Properties. Phone: (201) 825-6600 x 343 Cell: (201)674-3114. jlockard@remax.net. View My homes for sale at www.BergenCounty-Homes.com.

James Lockard specializes in loan modification assistance and short sales in Ridgewood New Jersey.

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Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Lockard's personal views and do not reflect the views of RE/MAX Properties. This information on Ridgewood Short Sale Realtor Advice: I've heard banks won't do short sales. Is that true is provided as a courtesy to our viewers to help them make informed decisions.