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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Why Honesty Is Key When Doing A Knoxville Short Sale

Knoxville Short Sale Deal ClosesKnoxville short sales can be tricky transactions. As a seller, it is extremely important to be upfront with your realtor and lender throughout the short sale process. Any little lie or forgotten detail has the potential to cause a big hiccup in the whole short sale process. Here is why it is so important to be honest when doing a Knoxville short sale. First, it is important to understand the scrutiny that Knoxville short sales are put under before they are approved. Bank statements, pay stubs, among other things are examined throughout the process. It is just important to understand that if you're hiding anything, it will most likely be found out, which is why it is just important to be upfront about it Being honest and upfront with your realtor from the beginning will only help your Knoxville short sale to succeed. Your realtor is there to  work with your lender to get your Knoxville short sale approved. Any pertinent information that you are able to provide them will only help. The more they know, they better they will be able to assist you. It is also important to share any pertinent details about your situation. Have you missed homeowner's association dues? Have you missed property taxes? Did you try a loan modification? Did you file bankruptcy? It is extremely important the your realtor is aware of these things when working with your on your Knoxville short sale. Missed HOA dues could cause an HOA lien against the property. Bankruptcy can change how a short sale is handled. And sometimes, if you're pursuing a loan modification you'll have to stop it with your lender before pursuing a short sale. These are details that not all Knoxville short sale seller realize is critical, but it is important that they are shared. Finally, as your mother always told you, honesty is always the best policy. There is nothing to be ashamed about when doing a Knoxville short sale. Being upfront and honest with your lender, only helps your case. A sincere, honest hardship letter always works better than a well-edited one. Are you facing foreclosure on your Knoxville home? If so, please let me know if there is anyway that my team and I can assist you. You can give us a call at 865-696-9002 or send an email to [email protected]. Also, be sure to check out our Knoxville Short Sale and Foreclosure Solutions Page. We’ve helped many Knoxville homeowners avoid foreclosure on their Knoxville home.

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