Can You Do A Knoxville Short Sale IF…..
Are you eligible to try a Knoxville short sale even if you’ve already tried loan modification and your lender turned you down?
If you applied for a Knoxville loan modification, you are certainly eligible to try a Knoxville short sale. Your attempt to modify your loan may strengthen your short sale application by showing that you sincerely tried to lower your payments so that you could continue to pay your mortgage.
You cannot pursue a Knoxville loan modification and a Knoxville short sale at the same time. Borrowers often want to try to pursue both workout alternatives simultaneously. Unfortunately, it is not possible to pursue both strategies concurrently–you must choose one option or the other. To figure out which solution, a loan modification or a short sale is best for your personal circumstances, you must take an honest look at your current financial situation and verify how much you can realistically afford to pay toward your mortgage every month for the foreseeable future. If you want to try to stay in your home and your lender does agree to a loan modification can you afford the payments? That is the question you have to ask yourself…..
That is where the help of a trained professional like myself and my team can help you. As a CDPE I am trained to explain all your options available to you in order
to avoid foreclosure. We explore all your options with you explain everything in great detail so you can determine what is best for you. Then we help you get all the paperwork together so you can pursue things like a loan modification or a short sale on your home.
To get more information on loan modifications download my free report. There are people out their who are running scams on loan modifications make sure you not one of them get my free report
Give me a call for a FREE consultation to talk about your options 865-696-9002 or email me [email protected] We are Knoxville’s Most Experienced Team at Helping Homeowners Avoid Foreclosure.
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
