Do You Know What A Complete Short Sale Package Looks Like?
It’s been stated that only about 25% of all short sale attempts ever close. Want to know the reason why? The agents and investors trying to execute the short sale don’t know how to or are unwilling to prepare and package a comprehensive short sale package for the lender. We’ve heard the stories about agents calling banks and asking them if they will accept this number or that number, that’s just pure tomfoolery!
In order to get your short sale approved you are going to need to prove to the bank that it is in THEIR best interest to accept the deal that you are presenting. Bankers and lenders deal with numbers and facts. So if you are not prepared to speak “banker-ese” then you are already at a distinct disadvantage. And if you are a homeowner with a Realtor that doesn’t know how to properly prepare a complete short sale package, then you may be in for a lot of trouble.
Our short sale packages often times number over 100 pages. That’s why our closing ratio and that of our clients exceed 70%. Want to see what a real short sale package looks like? click here to be taken to our home page and in the upper right corner you can sign up to download the actual short sale package that we use for free.
[...] integral part of your short sale package is the hardship letter. Here’s your chance to tell the bank in your own words why you deserve [...]