We've been posting common questions we get from prospective and current clients about short sales on our Facebook Page (Knoxville Short Sales) and website blog (www.knoxvilleforeclosurehelp.com) for quite some time. Now that we are on ActiveRain, we will start posting them here as well.
Recent Question: Why should I pursue a short sale with my lender(s)?
Our Response: We start asking questions! Are you trying to avoid a probable foreclosure? Are you trying to protect your credit and ability to purchase another home as quickly as possible? If credit is not an issue for you, are you trying to avoid having your lender file a deficiency judgment against you? Have you been trying to sell your house, but have been unsuccessful because you have no equity in it and can't lower the price? If the client has answered yes to any of these, then we have found their "motivation" to go pursue approval of a short sale from their lender. A "yes" answer to any of these questions yields a viable reason for someone to short sale their home. Remember, hardships come in many forms. A successful short sale is one where everybody wins, including the lender....
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