Antioch CA – We get all sorts of questions from buyers trying to purchase short sales. “We made an offer on a short sale almost 2 months ago. We haven’t heard anything back from the bank. Why won’t they approve my offer?”, they ask us.

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

So why do some buyers wait for 2-3 months and never get a response on their short sale offer? Are the banks really that bad?

Here is the answer to those questions. In some cases the reason that short sales are not approved quickly is because of the lender. The lender may just be backed up.

I know that we have waited a week for a call back from the bank. We had a designated short sale negotiator at the bank.

But, they were so overworked and backed up on files that it took them a week to return a call. That’s pathetic, isn’t it?

In other situations, we have seen the banks demand that the sellers agree to a promissory note. If the sellers don’t agree to it, then they won’t approve the short sale. Some of those sellers refused to sign a promissory note.

The short sale was never approved. But, we have seen lenders ask for a promissory note on less than 10% of the short sales we have handled. So, that is rarely the problem.

In most cases the problem is that the agent negotiation the short sale with the lender doesn’t know what they are doing. They aren’t following up with the lender regularly.

They don’t take the short sale process seriously. The lender tells them that they are missing documents and it takes them a week to track them down. You have to push the bank to approve the short sale.

Most agents aren’t trying to keep the process moving along. And the people at the banks are overworked and don’t push the files along easier.

So, if you are buying a short sale, don’t make the mistake of making an offer on just any short sale. Check to make sure that the seller has hired a hard working, experienced short sale agent to help them sell their home. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at shonntsellshomes@gmail.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 925-754-1611

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

Thinking about a loan modification? Our Antioch 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, Shonn Thompson.

Shonn is a Real Estate Agent at Better Homes Realty. Antioch Short Sales Realtor:

Phone: 925-754-1611. shonntsellshomes@gmail.com.

Experience and Results That Will Move You!

View My homes for sale at www.shonnthompson.com.

Shonn Thompson specializes in loan modification assistance and short sales in Antioch California Antioch Loan Modification Help, Antioch Short Sales. Antioch Short Sale Realtors. Pittsburg Loan Modification Help, Pittsburg Short Sales, Pittsburg Short Sale Realtor Brentwood Loan Modification Help, Brentwood Short Sales, Brentwood Short Sale Realtor Antioch CA Short Sales. Antioch Realtor.

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Important Notice

Shonn Thompson, Better Homes Realty, 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 Shonn’s personal views and do not reflect the views of Better Homes Realty.

This information on The Biggest Mistake Buyers Make When Buying A Short Sale is provided as a courtesy to our viewers to help them make informed decisions.