Ashburn Short Sales: A Common Myth On Escalating A Short Sale File
Ashburn VA - We see a lot of agent's going about escalating a file the wrong way. It reminds me of the appeals process game in death row.
Everyone has to go thru the appeals process. It drags on for years and years. After a while it simply becomes a game. I don't want to see short sale escalation turn into a "game."
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Treat the Short Sale Escalation Process like a sales process. Don't treat it like just another technical process that you do for no reason.
Don't just escalate the file "because you felt like it." The reason you escalate a file is because the lender is making a bad decision turning down the offer.
You feel, based on your superior knowledge of the property and the local housing market, that they will lose more money thru foreclosure.
And you are moving the file up the chain to make sure they don't lose even more money. When you escalate a file, make sure you tell everyone that they are going to lose money if they don't accept the offer.
Tell them, "Based on my projections, you will net 180k with this offer and 163k after foreclosure." Give them documentation to back that up.
Here are a few examples of documentation we send to them.
1. Comparable Sales.
2. Other similar homes for sale that are competing for the same buyers.
3. Active, competing bank owned comps.
4. Other bank owned sales that were rejected as short sales and the lenders lost money as a result.
5. MLS History.
6. Bank owned comps that may not have been allowed in the Property Valuation or appraisal.
This documentation is designed to help your case. It will help convince them that you are escalating a file for a legitimate reason. It's not just a game to you. 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 kmaz32@hotmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 571-420-7838
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Ashburn loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Kyle Mazaris.
Kyle is a Real Estate Agent at RealEstate.com Realtors. Ashburn Short Sales Realtor:
Phone: 571-420-7838
Kyle Mazaris specializes in loan modification assistance and short sales in Ashburn Virginia. Ashburn Loan Modification Help, Ashburn Short Sales. Ashburn Short Sale Realtor. McLean VA Loan Modification Help, McLean VA Short Sales. McLean VA Short Sale Realtor. Sterling VA Loan Modification Help, Sterling VA Short Sales. Sterling VA Short Sale Realtor. Great Falls VA Loan Modification Help, Great Falls VA Short Sales. Great Falls VA Short Sale Realtor. Reston VA Loan Modification Help, Reston VA Short Sales. Reston VA Short Sale Realtor. Ashburn VA Short Sales. Ashburn Realtor.
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