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Why Is My Bank Willing To Pay You To Short Sale My Montgomery County Home?

By
Real Estate Agent with Re/Max Town Center
Why Is My Bank Willing To Pay You To Short Sale My Montgomery County Home?



Montgomery County MD – The Stop Foreclosure Institute recently received a question from Samir. Here was his question.

“I am thinking about short selling my house. I’m just wondering how I can get someone to help me. I know that your website says that a short sale costs me nothing.

I just have a hard time understanding why my lender would pay you if they are losing money. Please explain that. Samir.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer to his question. We get paid because the bank benefits financial from a short sale. Yes, they are losing money. But, they are paying us because we are helping them cut their losses.

This is because they get to sell the house at today's price, versus what it will be worth 6-12 months down the road. I just did a comparison and pulled up sold homes.

All of the homes were very similar. First, I looked up the average selling price per SQFT of homes that sold in 6-8 months ago. They sold for an average of $103 a SQFT.

Then, I pulled up houses in the same neighborhoods that sold after the bank had foreclosed on them. Those sales were in the last 2 months. They are sold for an average of $85 a SQFT.

These homes average 1,700 a SQFT. That means a 1,700 bank foreclosure sold for $30,600 less. Ouch! As you can see, a short sale realtor brings tremendous amount of value to the bank.

You also benefit. Your credit damage is reduced. You also, have a lower chance of being chased down for the bank’s losses. A short sale is a win - win for everyone involved.

Thinking about a loan modification? Our Montgomery Frederick & Prince George’s County loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send us an e-mail at info@rickthompsonteam.com to request a Free Copy.

Click here to request your free copy.

Thinking about a short sale? We can help you short sale your property so you can move on with your life. Send us an e-mail at info@RickThompsonTeam.com. We will contact you for a free consultation.

When we talk, we will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call Rick directly at (301) 758-1059.

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

Avoid Foreclosure, Keep your home & credit: StopMocoForeclosure.com, StopPGForeclosure.org, StopFrederickForeclosure.org

We Solve Financial Problems To Make YOUR Homeowner Needs and Dreams A Reality!

Thanks for reading this, Rick Thompson & Team

Real Estate Agents at Remax Town Center. Montgomery Frederick & Prince George’s County Short Sales Realtor:

Rick Thompson Phone: (301) 758-1059 email us at: info@rickthompsonteam.com.

Chris Thompson Phone: (301) 758-2679

Over 1000 families helped

Visit:RickThompsonTeam.com, find what you are looking for.
Stop Foreclosure Institute of Montgomery County

Don’t live in Montgomery County, MD? Don’t worry, if you live in Frederick or Prince George’s Counties we can still help!

Rick Thompson & Team specializes in loan modification assistance and short sales in Montgomery County Maryland. Montgomery County Loan Modification Help, Montgomery County Short Sales. Montgomery County Short Sale Realtor Montgomery County MD Short Sales. Montgomery County Realtor.



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Important Notice

Rick Thompson & Team, Remax Town Center, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

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.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Rick's personal views and do not reflect the views of Remax Town Center.

This information on Why Is My Bank Willing To Pay You To Short Sale My Montgomery County Home? is provided as a courtesy to our viewers to help them make informed decisions.

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