How To Buy And Sell A Knoxville Home On A Short Sale
Short Sales Take Forever is there and easier way to do it??…
Most Knoxville Area Realtors know what a short sale is and that it can take months to be approved and closed. While approvals on a short sale home can be completed in a short time frame, it normally takes our team from 3-6 months to get once done.
That is why our team makes sure everyone involved in our transaction is on the same page from the start. It makes for a much smoother transaction and prevents any problems from happening down the road.
Buyers’ expectations
Buyers who make an offer on a short sale property need to know that lenders has to understand why they should accept a short payoff. They want to know why and have supporting paperwork on why the seller can not longer make their payments. This is all presented to the lender in the short sale packet. It takes an experienced Realtor who is trained and experienced in short sales done like a CDPE. An untrained Realtor in these types of transactions can end up with a deal that doesn’t close. So if you are a buyer looking to buy a Knoxville short sale have patience and find an experienced agent to help you. It will make the transaction go smoother for you and you will in most cases end up making a very good buy on a home.
Sellers’ expectations
If you are a seller having trouble making you mortgage payments educate yourself about your options. Contact an experienced Realtor like a CDPE. We are trained to help people who are in trouble and explain all your options to you. if you determine that selling your home on a short sale is the best option for you. They someone who is experienced in handling short sales will give you a much greater chance in getting it done for you.
Realtor expectations
If you hate being involved in these types of transaction and don’t want to take the time to educate yourself on how they get done. Then please call an experienced agent you know who knows what they are doing and refer your client. I get referrals all the time from agents and I’m more than happy to pay a referral fee to you. It is a much better option for your client and they stand a much better chance of buying the or selling a home.
If you are interested in buying a Knoxville short sale or a homeowner having trouble making your mortgage payments contact me. We are the most experienced team in the Knoxville area helping people with short sales. Call me at 865-696-9002 or email me [email protected]
7 Steps To Achieve A Successful Knoxville Short Sale..Part 6
Part 6 The Knoxville Short Sale Packet “Working With The Negotiator”
In my last post we talked about part 5 “Getting the packet to the lender”. Today we are going to cover working with the
negotiator. This is the most crucial part of a Knoxville Short Sale. If you have done everything correctly up to this point in assembling the short sale packet it can go pretty smoothly. If you haven’t gotten the lender a complete short sale packet it can be a complete nightmare.
You have to remember negotiators have so many files on their desks that the complete packets get done first and have a better chance to get to a closing. The negotiator is in another part of the country most of the time and doesn’t know the Knoxville TN real estate market. They have gotten a BPO (Broker Price Opinion) already with a value on the home. But along with our short sale packet we include a MLS printout on the home, three comparable homes that have sold, a detailed repair list with pictures of the home, along with a letter from me about the current market conditions and the condition of the home.
With all of this information available it gives us the ability the negotiate the sale with the negotiator and try and convince them why it is in the lenders best interest to accept this offer. This make take several phone calls back and forth with them and several updated HUD 1. But we have been very successful in getting our Knoxville Short Sales accepted because our training and experience as a Knoxville CDPE.
This is Part 6 of how to achieve a successful short sale in Knoxville, TN. If you are a Knoxville Homeowner facing foreclosure don’t trust your future to an untrained agent. It takes a train professional like myself with the CDPE designation to help guide a distressed homeowner
through the short sale process. As a CDPE we are up to date on all the latest trends and changes that are going on in order to help homeowners who may be facing foreclosure.
If you are a Knoxville homeowner having problems making you mortgage payments and want to know your options. Please feel free to download my free reports
You do have options as a Knoxville homeowner who may be facing foreclosure. Don’t let your home go to foreclosure call me at 865-675-8326 or email me [email protected] let’s setup a time to talk about your situation and talk about your options. I’m here to help you as a trained Realtor with the CDPE designation I can help you…
Also Read
7 Steps To A Successful Knoxville Short Sale
7 Steps To Achieve A Successful Knoxville Short Sale..Part 5
Part 5 The Knoxville Short Sale Packet “Getting The Packet To The Lenders”
In my last post we talked about part 4 “About The Buyer”. Today I’m going to cover getting the “Short Sale Packet To The Lenders”
This can be the most frustrating part of a Knoxville Short Sale getting the packet to the lender. The first thing my team does when we list a home for sale is call the loss mitigation department. We confirm the correct fax number and then we fax the authorization to release information about the home. By doing this prior to having an offer it gets a file setup on the property with the loss mitigation department. Just this simple process can take up to a month and will save valuable time once you do have an offer. It has help us get our homes closed quicker .
Once we do have an offer on the home we fax the complete packet to the lender. Then from this point forward it is following up with the lender every couple of days to verify they have gotten the short sale packet. We also verify at this time that they have everything they need from us in order to process our files. We continue follow up with the loss mitigation department until it gets to the next step the negotiator.
During this process files get lost going from one part of the loss mitigation to the other. So it isn’t unusual for us to have to submit the packet several times prior to getting to the negotiator.
This is Part 5 of how to achieve a successful short sale in Knoxville, TN. It takes a train professional like myself with the CDPE designation to help guide a distressed homeowner through the short sale process. As a CDPE we are up to date on all the latest trends and changes that are going on in order to help homeowners who may be facing foreclosure.
If you are a Knoxville homeowner having problems making you mortgage payments and want to know your options. Please feel free to download my free reports
You do have options as a Knoxville homeowner who may be facing foreclosure. Don’t let your home go to foreclosure call me at 865-675-8326 or email me [email protected] let’s setup a time to talk about your situation and talk about your options. I’m here to help you as a trained Realtor with the CDPE designation I can help you…
Also Read
7 Steps To A Successful Knoxville Short Sale
