Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

RE/MAX Preferred Properties
[email protected]

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Knoxville Short Sale Question: Do I Need To Tell My Lender I Want To Do A Short Sale?

Knoxville Loan ModificationsIn our Ask the Expert Section, we recently received a question from Kayla, she asks, “I've been struggling to make ends meet, after taking a significant pay hit. I've tried working with my lender to save my Knoxville home, but they've been a complete nightmare. I worked for 9 months to get a loan modification approved, only to have it be denied. I want to do a short sale on my Knoxville home, but cringe at the thought of having to be put through the ringer by my lender again. Do I need to tell my lender I want to do a Knoxville short sale?" Kayla, I'm sorry to hear about your difficulties. Unfortunately, some lenders can be very difficult to deal with when it comes to Knoxville short sales and loan modifications. As far as completing a short sale goes, throughout the process, your contact with your lender can be minimal. It can be helpful to let them know that you are pursuing a short sale; however, it is not something you are required to do. Your short sale agent can reach out to them as well. If you are serious about completing a Knoxville short sale, consider talking to a Knoxville short sale agent as soon as possible. They will be able to get the ball rolling with your lender and get the process started. With Tennessee short sales, it is imperative that you get the process started as soon as possible since foreclosure can happen in Tennessee very quickly. Are you facing foreclosure on your Knoxville home? If so, please do not hesitate to give my team and I a call. We’ve helped many Knoxville homeowners avoid foreclosure on their Knoxville home. Give us a call today at 865-696-9002 or via email at [email protected]. All of our services are done at absolutely not cost do you.

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