Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

865-675-8326
RE/MAX Preferred Properties
[email protected]

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How To Start A Knoxville Short Sale Off On The Right Foot From The Start

a-day-late-and-a-dollar-short2With any Knoxville short sale, time is of the essence. Foreclosure can happen in the state of Tennessee very quickly, which is why it is so important the homeowners start their short sale off right from the very beginning. Read on to find out more. Step 1: Hire An Experience Short Sale Agent. An experienced short sale agent can make all the difference when it comes to getting your short sale approved. An experienced agent will have the proper skills and experience to ensure your sale gets closed. When it comes to selecting a Knoxville short sale agent, it can be helpful to start with someone who carries a designation, like the Certified Distressed Property Expert [CDPE]. Interview a few agents and see who you feel comfortable. It is important to look into how many short sales they've closed and what their background experience is. Step 2: Be Diligent About Getting Paperwork Together. Once you've selected a Knoxville agent to assist you with your short sale, it is essential that you get him or her all of the paperwork they need. Many lenders will not even review a file until all of the paperwork is complete. Failing to do so can greatly delay or hurt your chances of short sale success. While it can be a pain to have to gather all of the paperwork and keep it updated, it is well worth it in the end. Step 3: Be Flexible About The Process. For many Knoxville short sale sellers, the process can be a little difficult and bittersweet, since many homeowners are in a situation where they do not want to sell their home. It is important to not let you emotions get the best of you. Be flexible about home showings and be patient about waiting for an answer from your lender. It's understandable to feel frustrated throughout the process, but dragging your feet and making the process more difficult is only hurting yourself and your chances of success. Step 4: Plan For Life After The Sale. Finally, it is important to remember that life will continue after the sale is complete. Figure out where you will be living once the sale has closed and start planning for the future. Planning for the future will also help keep your mind off of the sale. Are you facing foreclosure on your Knoxville home? Do you want to hear your options to avoid foreclosure? If so, please do not hesitate to give my team a call at 865-696-9002 or send an email to [email protected]. We’ve helped countless Knoxville homeowners avoid foreclosure. Give us a call today for a free consultation.

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