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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Knoxville Short Sales – Can All Obstacles Be Avoided?

Help with Knoxville Short SalesKnoxville short sales can be full of obstacles.  Generally, there is not just one party that is  the source of the problem. Uncooperative sellers, aloof agents, lender bureaucracy, and flakey buyers can all cause problems. So, what are the potential obstacles? And, is it possible for all (or most) short sale problems to be avoided? Short sales are messy, complicated transactions. The rules and regulations are constantly changing and with so many parties involved, it can be hard for them to be completely smooth. However, by hiring an experienced short sale agent, you can hopefully avoid some major obstacles before they even happen. Here are a few typical obstacles that Knoxville short sale encounter that tend to be out of the ordinary realm of short sale problems. One potential issue that can arise is when new liens appear on the title examination. This can be even more harmful when the short sale has been approved and your short sale agent is left scrambling account for the additional lien. HOA liens or additional judgements can all cause problems.  As a seller, it is important to be honest with your agent and mention any other late payments where a lien or judgement could be filed against you. Another problem that can be encountered with Knoxville short sales is when there are tenants in the home and they are less than accommodating. Difficult tenants can make showings, inspections, and vacating the home before closing difficult. If there are tenants in the property, as a seller, be sure they are aware of the situation and are prepared. Finally, sometimes sellers can be their own worst enemy when it comes to completing a Knoxville short sale, even without realizing it. An experienced short sale agent is only as good as the information they are given about the situation. If you've pursued a loan modification or have filed for bankruptcy, be sure you agent knows. Without that information, these aspects can stall the short sale process. And most importantly, be sure you are sure about doing a short sale. Are you curious about your options to avoid foreclosure on your Knoxville home? If so, please do not hesitate to contact me by phone at 865-696-9002 or via email at [email protected]. My team and I are dedicated to helping homeowners explore their options to avoid foreclosure.  Also, be sure to check out our Knoxville Short Sale and Foreclosure Solutions Page.

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