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Hollister Short Sales: An Example of How We Escalated a Short Sale File

Hollister CA – I talk about "escalating" a short sale. To put that in perspective, I'm going to give you a real-life example of how it's done.

Click here to discover how other sellers successfully executed a short sale and avoided foreclosure.

We had a house on the market for five months. We started the price at $425,000 and slowly brought it down to $375.000. We received no offers for five months.

Then, we finally received an offer for $350,000. Since we knew the bank's appraised amount, we knew that offer wouldn't work.

The bank's appraisal had come in around $390,000. (We didn't think that number was the real value because buyers weren't doing anything at that price.) We knew the current offer at $159,000 didn't have a shot at getting accepted.

In order to get this file through, we had two things to do:
  1. Get a new, more accurate appraisal done.
  2. Escalate the file.

To handle Part 1, we sent our own version of an appraisal to the lender. We explained to the lender why we didn't think the appraisal was accurate and requested that he order a new one. Then we asked for the contact info for the lender's supervisor.

The new appraisal came back at $380,000. The buyer told the bank she would pay $365,000 but no more. The bank accepted the buyer's offer, and we received an approval and the home sold a few weeks later.

Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at israel@ighomes.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (831) 636-8858.

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification?Our Hollister loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail to israel@ighomes.com to request a Free Copy.

Or, click here to request a copy.

Thanks for reading this.~Israel Gonzalez.

Israel is a Real Estate Agent at Beale Properties.

Phone: (831) 636-8858. israel@ighomes.com.

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice

Israel Gonzalez, Beale Properties, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.

This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.

You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.

The views expressed here are Gonzalez's personal views and do not reflect the views of Beale Properties.

This information on "Hollister Short Sales: An Example of How We Escalated a Short Sale File" is provided as a courtesy to our readers to help them make informed decisions.


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