10 REASONS SHORT SALES GET DENIED

10 REASONS SHORT SALES GET DENIED

10 REASONS SHORT SALES GET DENIED

1. Realtors doesn't call or communicate with the bank consistantly, you must stay on top of the file.
2. Seller waits to late to short sale property, 53% of all short sales get denied within 1 month of foreclosure date.
3. Property stays on the market to long at a high price with no price reduction. You must show the bank the progression of your price reductions. After you do that, then you ask or request the bank or loan servicing company for a price reduction.
4. Realtor doesn't work a with proficient closing attorney. They don't check the title for liens and debt that is attached to property. Even if a seller discloses all debt, they may not know if they have debt or liens on the property until the last minute before closing. 
5. Offer is too low.
6. Seller does not show a valid hardship.
7. Property has multiple liens and any one of the lien holders will not accept the offered settlement amount.
8. Incomplete Or Fraudulent Short Sale Package.
9. Inaccurate Market Analysis/Appraisal/BPO.
10. Incompetent Short Sale Agent.
    
    Don't Let Your Short Sale Fail! Educate Yourself And Choose An Experienced Short Sale Agent!
    
    When short sales fail, it's the homeowner left holding the bag. Most likely, the homeowner will go into foreclosure, which is the last thing anybody wants.
    
    Foreclosures devalue neighboring properties, cost banks tens of thousands of dollars, but most of all; a failed short sale will ruin your credit for 7-10 years, will cause you to lose your home, and will severely limit your access to credit for many years to come. List your home with an experienced short sale Realtor.

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