Milwaukee Short Sale

Milwaukee WI Short Sale Specialists

With foreclosure spreading to high rates, fearful homeowners are sometimes unaware of the other options available. Such beneficial alternatives include the most preferable short sale. When choosing to short sale your home, the lender will agree to let the home be sold for the current market value despite the remaining balance. To qualify you must not want a short sale but you must NEED one.  A short sale is not for personal gain, this is only available to homeowners who have no option but short sale to keep out of foreclosure. When convincing the bank that you are among these individuals they will want proof of your word. You must provide documents that will back up your claims.  A hardship letter is one of the multiple requested documents. Your letter will include the unfortunate event that resulted in your deficiency.

Milwaukee WI Short Sale Facts:

• There is no out of pocket expense with this process; the lender will pay out the closing cost and Milwaukee WI short sale Realtor fees.
• Lenders are likely to forgive the remaining balance; this is of course not a guarantee. With a short sale specialist this should be easier to bargain for.
• The average process of completion is six months. Every short sale is individual and with the different circumstances could make the process shorter or longer.
• With missed payments affecting your credit the most a short sale is helpful to help save your score from dropping any lower than needed.
• Short sale incentives are different with each lender and you can receive cash back from $5-$30 thousand when closing.

HAFA is a government program available to help keep homeowners away from foreclosure. Short sale incentives are additional to HAFA incentives. With HAFA you can receive $3k towards relocation assistance.

If you are anxious to start your Milwaukee short sale process and would like to see if you qualify for HAFA additional or would just like more information a short sale specialist will be able to assist you. Call now to get your local specialist 1-877-737-4903.

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Do you want to short sale your Milwaukee WI real estate with expert Realtor? Our short sale specialists are here to stop Wisconsin foreclosure on your home. All help is FREE help to Milwaukee homeowners in financial hardships. Our Milwaukee short sale specialist Realtor’s will work areas all over the state of WI.

Copyright First Coast Realty Associates 2011-Sharon Molnar

A Short Sale VS Strategic Mortgage Default

As early as 2009, there have been speculations about the number of homeowners who will simply walk away or perform what is called a strategic mortgage default if they find their homes underwater; that is, having a value far lesser than the mortgage. One survey showed results than one in ten homeowners is likely to just walk away.  In a related forecast, the end of the year 2011 will see a significant number of homes to be underwater.  Specifically, this number is seen at 48% of the 50 million home loans in the country,  but as home values continue to dip and homeowners experience some sort of hardship, short sales are becoming a more popular option.  With this, many are asking if a short sale is better than a strategic mortgage default.  The reason why many are still frowning at short sales is because it involves a lengthy process of negotiating a deal with a real estate agent, the lender and a prospect buyer. But when compared with a loan modification, many have seen success in this option to avoid a foreclosure. 

Here are some factors that can be used as point of comparisons in order to find out if a short sale is better than strategic mortgage default.

Effect on Credit Score

Both short sale and strategic mortgage default will have an impact on a homeowner’s credit score.  To be able to answer whether a short sale is better than strategic mortgage default/foreclosure, a homeowner will have to look at the option that puts less stress on a credit score. A short sale will typically take 30 to 70 points from a credit score while a foreclosure will take 160 to 300 points considering the points that are taken by each mortgage payment that is not paid.  Each unpaid amortization usually takes away 30 points from a credit score. Since foreclosures take anywhere from 12 to 16 months before being enforced, this will result to a reduction in the credit score.  Additionally, a foreclosure tends to stay on a credit report for as long as 7 years. 

Credit scores do recover and many experts are encouraging homeowners to consistently pay off other bills such as credit cards and car loans.  And since a short sale only takes 30 to 70 points from a credit score, a credit score recovers in less time than in a foreclosure.  

Eligibility for another Mortgage

The credit score is the determining factor of whether a homeowner will be qualified for a new loan.  A homeowner who opts for a short sale can typically acquire a new mortgage as early as two years.  But if no monthly payments were in default, the homeowner will probably be approved of a new loan earlier. On the other hand, a homeowner who chooses to foreclose or a strategic mortgage default will not be eligible for a new loan for a longer period.  The reason behind this is that a lender will consider the homeowner to have a higher default risk and no lender will want to take out a mortgage with a homeowner who will likely default on the loan and put them at a loss.

Apart from the long time it takes for a credit score to recover, Fannie Mae have also released measures to sanction homeowners who just walks away from their mortgage; they won’t be able to get new mortgages for a minimum of 7 years.  Thus, when the eligibility for a new loan is considered, a short sale is better than a strategic mortgage default.

Deficiency on the Mortgage

Taking deficiency and the lender’s loss into consideration, a short sale is better than a strategic mortgage default.  The reason behind this is that most lenders will waive the deficiency or the difference between the selling price and the mortgage if the lender sees that the homeowner is in a hardship situation.  If the lender does come after the homeowner for the deficiency, this can be covered by a promissory note or unsecured note.  And depending on whether the homeowner resides in recourse or non-recourse state, there can be a long period for settlement. In a foreclosure or strategic mortgage default, a lender can obtain legal sanctions to come after the homeowner for loss recovery including fees incurred by the property.  In severe cases, a lender will be permitted to seize a homeowner’s assets.

Effect on Employment

Probing an employee’s credit history is one of the things that a new employer will usually do before hiring.  And since a short sale is not reflected on a credit history it won’t have any effect on employment.  A foreclosure on the other hand, reflects on a credit history and when employers puts a high percentage to this factor, getting a job or maintaining one can be difficult. Thus, homeowner’s who are holding sensitive careers might find that a short sale is better than a strategic mortgage default. Because a strategic mortgage default involves no paperwork and lengthy discussions with a lender, many homeowners choose this option over a short sale. 

However, considering its effects on credit score and eligibility of obtaining a new mortgage, a short sale is better than strategic mortgage default.  Thus, a homeowner who sees his/her home to be underwater should explore all options to avoid a great damage on credit score or avoid having a lender go after him/her for loss recovery. Contacting a Short Sale Specialist Realtor will greatly benefit your knowledge on this topic and help you to move forward in the right direction. Time is fragile, so contact us now!

www.Short-Sale-Specialists.com

877-737-4903

For more information on the short sale process or to receive a free evaluation of where your home stands in today’s market, fill out the form below.

 Need a Milwaukee WI Distressed Property Expert Certified in short sales to offer no cost short sale services? Our Milwaukee area Distressed Property Expert Certified real estate agents are here to help, and are Certified or training in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does not directly offer short sale or foreclosure rescue services in the state of Wisconsin.

Copyright First Coast Realty Associates 2011

Why do short sales take so long to complete?

A short sale is one of the alternatives a homeowner can choose in order to avoid foreclosure.  It has its pros and cons but some experts tend to think the pros outweigh the cons especially if the homeowner sees no change in his/her finances.  But whether it’s beneficial for both lender and borrower, a short sale still takes a long time to process and often undergoes different steps with each step requiring an approval. So, why do short sales take so long to complete?  A short sale, generally involves the homeowner asking the lender to accept less than what is owed to him.  If you were in the lender’s place, you’d naturally think the decision over a hundred times before agreeing to a loss.  Mulling this loss over naturally involves time; weeks or even months.  Short sales take an average of 245 days to push through.

However, for the lender to agree, the homeowner should present valid proof that a short sale is needed.  A looming foreclosure is a substantial proof since lenders themselves do not want to go through with the expensive process of foreclosing.  This and the fact that the property will go to the bad debts section and probably incur taxes while under such classification.  It also takes time and money to resell a foreclosed property.  In a short sale, a willing buyer is usually already waiting.   So, does the success of a short sale all depend on the lender?  Here are more answers to the question – Why do short sales take so long to complete?

Homeowner Needs to Package Correct Paperwork

In addition to a looming foreclosure, a homeowner needs to come up with the correct paperwork in order to get approved for a short sale.  For one, the lender will require proof that the home’s market value is less than the remaining amount of the mortgage.  This proof should be presented in an appraisal report from an independent and reputable appraiser.  Other requirements that a lender may require include the short sale hardship letter explaining the homeowner’s distressed situation, pay stubs, tax returns, and bank statements.  If a homeowner qualifies for the government-backed short sale program under HAFA, the requirements would include applying for the HAMP program first, proof that monthly payments exceed 31% of
income and the hardship letter.

So if you are a homeowner looking forward to selling your home through a short sale, you should make sure you’ve submitted the correct paperwork before asking why do short sales take so long to complete.  Because by the time your paperwork has been reviewed and rejected due to a missing requirement, weeks or months would have passed already.  In this economic slump that the real estate is in, mortgage lenders are processing hundreds of short sale applications on any single time.

Second or Third Mortgages

Another thing that a homeowner should consider before asking as to why do short sales take so long to complete, is a second or third mortgage.  Having more than one mortgage for a home is not uncommon.  When a homeowner falls short of the required down payment, he/she might be forced to get a second mortgage to cover the difference.  A second mortgage may have also been taken to cover the difference between a low appraisal/the amount the bank was willing to lend, and the higher asking price of the seller.

In case of a second or third mortgage, a homeowner seeking a short sale as an option to avoid foreclosure should also get the second or third lender’s
approval.  This process takes time because a lender will usually not agree to let go of his lien over the property without anything in exchange or valid proof that a short sale is the only option available.

Mortgage Insurance

The holder of the mortgage insurance or MI is another one of the third parties involved in short sale.  Most mortgages are covered with a mortgage insurance that protects the lender in case the borrower defaults on the payments.  In the case of a short sale, the borrower would have defaulted on the payments so the insurance provider’s approval is needed since an amount will usually be paid to the lender to cover the default.  Again, this process involves paperwork and a step-by-step approval process.

Inexperienced Realtor

Although the processes of selling a home under a short sale seem somewhat similar to a regular sale, a homeowner should seek the help of a realtor or real estate agent experienced in short sales.  Since a lender requires that a home being listed for a short sale should already have a willing buyer, a competent real estate agent is needed to help both buyer and homeowner go through the long months of waiting for the short sale to be approved.  But before this, there are processes that a homeowner cannot handle himself.  This will include getting a reputable appraiser, listing the home for short sale and many more.  All in all, a homeowner should not just look for a licensed real estate agent, but one who specialize in short sales.

While a short sale may be one of the best options a homeowner can consider to avoid foreclosure it takes a long time to complete.  The
scenarios above are just a few of the reasons why short sales take so long to complete, and understanding each can help a homeowner prepare for the long waiting period; if not achieve a faster approval. So, contact one of our Short Sale Specialist Realtors now, and let us handle your short sale while making sure you keep a positive outlook on your future!

www.Short-Sale-Specialists.com

877-737-4903

For more information on the short sale process or to receive a free evaluation of where your home stands in today’s market, fill out the form below.

Are you looking for a Milwaukee WI short sale Realtor?  Our stop Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee WI homeowners in hardship. Call today for short sale information on the Milwaukee short sale process and to see if you qualify for a short sale! Need a Milwaukee WI Distressed Property Expert Certified in short sales to offer free Chase short sale services? Our Milwaukee area Distressed Property Expert Certified real estate agents are here to help, and are Certified or training in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does not directly offer short sale or foreclosure rescue services in the state of Wisconsin.

Copyright First Coast Realty Associates 2011

How to Put together a Short Sale Package

There are a lot of reasons why banks reject short sales, but one of the primary reasons is due to an incomplete or unsatisfactory short sale package.  The short sale package is a bundle of documents required by each lender that states and substantiates the homeowner’s reasons for requesting the short sale.  Though there are certain documents that are nearly always included in a short sale package, each bank has their own specific requirements for what forms and documentation need to be included in the short sale package, and how that information needs to be presented.

Perhaps even more importantly, each bank has their own set of internal policies that guide the way in which they evaluate and approve or reject each short sale package.  Your short sale package can be a crucial factor in determining whether or not your short sale is successful, which is why we highly recommend that homeowners enlist the services of a short sale specialist to put together their short sale package and handle their short sale listing.  Often, selecting the right short sale Realtor can be the difference between a short sale package that results in a successful sale or one that gets rejected – leaving the homeowner back where they started, or perhaps even worse off.

Short Sale Package Checklist

Given the importance of the short sale package, it is absolutely vital that the short sale package be properly assembled.  If you have selected an experienced short sale Realtor, this shouldn’t be a concern, as he/she will assist you in the preparation of the short sale package.  However, it is still important that you as the homeowner have an understanding of what is required in a short sale package.  While the specific requirements of each short sale package will differ from lender to lender, here is the basic documentation that is usually included in a short sale package:

Letter of authorization

The letter of authorization is a simple document authorizing the lender to work with your short sale Realtor.  Without your authorization, your lender is not legally authorized to work with your realtor and disclose confidential personal and financial information.  The letter of authorization allows your short sale specialist to operate on your behalf throughout the short sale process.  It should give permission to the lender to work with your Realtor and should also include:

• The date
• Your name
• Your short sale realtor’s name and address
• The reference number of your loan

Short Sale Hardship Letter

A hardship letter indicates to the lender why the homeowner is unable to meet their debt obligations, and why they are requesting a short sale.  Your hardship letter is an extremely important part of the short sale package.  Without demonstrating an appropriate hardship that affected your ability to meet your mortgage obligations, the bank will not approve your short sale.  Examples of hardships suitable for inclusion in a short sale hardship letter include a death in the family, divorce, medical emergencies, major illnesses, unemployment, significantly reduced income.  Generally, lenders are more likely to accept explanations of hardship from homeowners rather than real estate speculators or investors.

Financial Documentation

Another critical aspect of the short sale package is to assemble financial documentation substantiating the fact that the homeowner has insufficient assets and income to meet their debt obligations.  This includes a preliminary net sheet, tax returns, W-2s, payroll stubs, and recent bank statements.  These documents should indicate that you don’t have sufficient income or assets to meet your present and future debt obligations to the lender.  If these documents in fact show that you have significant assets or income, the lender might reject the short sale on this basis.  These documents may also come into play in determining whether or not the lender will pursue the homeowner for the deficiency – the remaining debt obligation of the homeowner after the short sale.

Comparative Market Analysis

Banks will conduct a BPO – Broker Price Opinion – on your home in order to assess its market value.  This is important, as the lender will likely reject a short sale offer that is significantly less than the market value of the home.  As part of the short sale package, the realtor should include their own market value assessment – a comparative market analysis.  This is included to support the buyer’s offer, showing that the buyer’s offer is in line with the market value of similar properties, and that the bank should approve the short sale.

Selecting Your Short Sale Specialist

While the checklist above covers the basics of a shorts sale package, there is significantly more nuance to a successful short sale than can be documented in one article, or even on a whole website.  For this reason, it’s extremely important to hire an experienced short sale Realtor who is familiar with the short sale requirements and policies of your particular lender, as well as the many pitfalls that can derail a short sale.  They should not only be familiar with the lender’s requirements for the short sale package, but they should also have the experience and expertise to know what your lender needs to see in order to approve your short sale.  In order to gauge a potential Realtor’s competence, here are a couple questions you should ask any potential listing agent:

• How many short sale transactions have you successfully closed as the listing agent?
• How much experience do you have working with my lender?

Asking these questions allows you to ensure that your listing agent is experienced in short sales and has successfully closed short sales for other homeowners, and also that your short sale Realtor will be able to smoothly guide you through your short sale with your lender.  Do keep in mind that if your loan is not with one of the major lenders, it is not strictly necessary that your realtor has previously worked with your lender, provided he/she has a wealth of short sale experience.  However, if you do have a loan with a major lender, an experienced short sale specialist will likely have worked with them on many previous occasions.  Preparing a short sale package is crucial to the success of your short sale, but even more critical is selecting the right person to put it all together. With that said, I encourage you to contact one of our Short Sale Specialist Realtors right away, so that we can help get you through a successful short sale and on with your life!

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Call today to see if you qualify for a short sale! Need a Milwaukee Certified Distressed Property Expert in short sales to offer free Chase short sale services?  Do you need to find a Milwaukee short sale Realtor? Look no further!  Our Milwaukee Wisconsin area Distressed Property Expert Certified real estate agents are here to help, and are Certified and trained in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program. Our stop Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee homeowners that are facing foreclosure.

Copyright First Coast Realty Associates 2011-Sharon Molnar

Wells Fargo Short Sales process is at the Top of the Charts

Wells Fargo has proven to be one of the highest percentages of short sale approvals. If you are a Wells Fargo homeowner and are considering a Wells Fargo short sale, you are in good hands. With lenders now being required to approve short sales in a timely manner due to recent laws, only a few, Wells Fargo included, are meeting the requirements necessary to be considered the at the top of completing short sale program.

If you’re not quite sure what a short sale is let me explain. A short sale is where at the close of the sale, the lender will agree to accept less than the full balance due to the value of the home in today’s market. Short sales are not for people who want them but rather for people who NEED them. It’s only when you cannot continue to afford to pay for your home and is facing foreclosure that you would be considered for a short sale.

To qualify you must send in a short sale package. This package includes documents that will prove to the lender that you cannot afford to maintain payments. You will need a hardship to show the event that occurred that set you back. This could include illness, loss of income, reduced income, death of a spouse, death, incarceration, divorce, marital separation, and property damage including natural and unnatural accidents.

You will also need your last, most current, three months of bank statements. This is to show that you are only buying necessities and you’re not spending money that could be going to the home on non essential materials. Other requirements are one full month of your most current pay stubs. This is to prove your income and that you are not making more money than you claim.

Additionally you will need to include your last year’s tax returns and W-2’s as well as a financial statement showing you income verse expenses and how the difference will not support your cost of living.

You may try to go through the (HAFA) Home Affordable Foreclosure Alternative Program as well. There are incentives such as $3,000.00 towards the assist in your relocation. If interested please follow the HAFA program guidelines.

Most importantly, a short sale specialist realtor will help with finding a buyer for your home. A short sale specialist will negotiate on your behalf with Wells Fargo. None of the expenses will come out of your pocket!

Theses specialists are on a nationwide network whose primary job is to help clients in their struggle avoid and stop foreclosure. If you are interested in the Wells Fargo short sale process, one of our short sale specialists will help with the sale of your home for FREE! Wells Fargo will pay the Real Estate and brokerage fees.

Summary of Wells Fargo short sale requirements:

• Hardship letter
• Last three current months of all bank statements
• One full months cycle of your most current pay stubs
• Last year’s tax returns and W-2’s
• A financial statement
• Short sale specialist 1-877-737-4903

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Call today to see if you qualify for Wells Fargo short sale help! Are you in need of a short sale specialist in Milwaukee that will offers free Wells Fargo short sale services,and stop foreclosure? Our Milwaukee Wisconsin area short sale specialist real estate agents are here to help, and are Certified and trained in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program. Our Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee homeowners that are facing foreclosure.

Copyright First Coast Realty Associates 2011

Milwaukee  Distressed Property Expert Certified

With so many Americans facing foreclosure, certainly there has to be other alternatives. In fact, there are many options available to homeowners in distress. Deciding which one is right for you and your specific situation may be the hardest part, but help is out there. A Distressed Property Expert Certified is a real estate agent trained to assist homeowners with finding a plan to avoid foreclosure. If you are in danger of losing your home, contacting a specialist can be your best bet. The Distressed Property Expert will work with you and the bank / lender to negotiate a settlement with your best intentions in mind. A short sale is one of the choices that the agent may present to you. This simply means that you owe more on your home or property than it is currently valued at, and the bank wants to sell your home at the amount owed. A short sale may also relieve you of any further mortgage payments on that property. Some companies are even offering, to qualifying customers, a Short Sale Incentive Program to encourage short sales.

A homeowner can be in distress for numerous reasons, primarily when you are already behind on mortgage payments or in danger of falling behind. Many factors can attribute to a homeowner failing to pay the bank or lender, like having no income, a death/ illness in your family or the value of your home decreasing. Emotional and financial problems are expected with the current economic strains. It is normal to feel stress, anger, anxiety or even rage when you are in a hardship. A Distressed Property Expert will understand this, and help make the transaction progress as quickly and easy as possible. The experience can take a toll on your entire family, so having someone on your team can alleviate some of the burden.

To begin the process of a short sale, first one should find a  Milwaukee  Distressed Property Expert Certified. Moving on, the next step is preparing a letter or a package for the bank explaining the financial hardship you are in. The specialist will point you in the right direction, as to any and all paperwork, including the real estate short sale package. Your Distressed Property Expert normally handles the negotiations with the bank or lender. Leaving the homeowner little to complete, therefore removing stress and freeing up your time for something more enjoyable.

Why should you complete a short sale? Some of the benefits are obvious, such as, avoiding the stress and humiliation often attributed to losing a home. When the bank seizes a home, there is a chance that the property will sit idle for months, maybe years. No one will be maintaining the home or lawn. The neighborhood may be affected negatively, seeing the foreclosure sign in the front yard. Another reason to choose short sale over foreclosure is the difference in the amount of damage done to your credit rating. A foreclosure has the potential to destroy your credit score and can remain on your credit report for years. Whereas, a short sale has minimal effect on your score and does not follow you as long. The advantages of short sale definitely outweigh the disadvantages. It seems to be the clear solution to avoiding foreclosure.

Find a local Distressed Property Expert and begin exploring your options today.

While it is important to have a trained short sale specialist there is no substitute for experience. To contact us today to get in touch with a experienced short sale specialist call 1-877-737-4903

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Call today to see if you qualify for a short sale! Need a Milwaukee Distressed Property Expert in short sales to offer free Chase short sale services?Do you need to find a Milwaukee short sale Realtor? Look no further!Our Milwaukee Wisconsin area Distressed Property Expert Certified real estate agents are here to help, and are Certified and trained in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program. Our stop Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee homeowners that are facing foreclosure.

Copyright First Coast Realty Associates 2011-Sharon Molnar

As the US housing market continues to struggle, it is the main concern of homeowners and Realtors. If the current situation continues, it will not be hard to quantify the effects of the pall of gloom cast over the housing market. The American banks that deal in mortgage loans can stabilize the housing market by adopting certain important measures.

The second way banks could stabilize the housing market is to make short sales as easy as possible. No doubt, many short sales do close within a logical timeframe, but at the same it is also a grim reality that banks turn down a number of short sale requests merely because of minor objections. The homeowners, then, are forced to lose their houses in foreclosure, a process which reduces the house price to a considerable extent and is known to drag on for a long period of time.

Are you looking for a Milwaukee WI short sale Realtor? Look no further! Our stop Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee homeowners in hardship. Call today to see if you qualify for a short sale! Need a Milwaukee Distressed Property Expert in short sales to offer free Chase short sale services? Our Milwaukee WI area Distressed Property Expert real estate agents are here to help, and are Certified or trained in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

In the wake of financial duress, many homeowners are aspiring to short sale their properties in order to avoid greater loss that they might incur after letting the house go in foreclosure. However, many homeowners seem unable to get their foot in the door, let alone closing the short sale on their properties. It is because they commit short sale mistakes before and during the process and end up complaining that the short sale process is too tricky to be handled. In the following lines, there is a short description of mistakes most people make and eventually cannot go through the short sale process.

- Hiring Inefficient Realtors
A number of sellers hire real estate agents without scrutinizing whether they have previously handled short sale deals or not. As a result they are bound to not only wait for a long time but also face failure in their hunt for a short sale. Therefore it is imperative to hire a competent and well experienced Milwaukee short sale Realtor who understands how to navigate the waters. Since the short sale process involves negotiations with more than one person such as a buyer, lender, and servicer, an inefficient agent cannot handle it successfully.

- Buyer’s Unreasonable Offer
Remember it is the lender who has the right to either approve or reject the short sale request. A major factor influencing his decision is the offer made by a buyer. Homeowners send buyer’s offers without learning the lender’s acceptable limit and the estimated market value of their homes. It is better to know beforehand the lender’s policy and press the buyer accordingly to make a reasonable offer. Only then will your short sale be closed successfully.

- Poor Marketing
Sometimes, listing agents do not discharge their responsibilities in a professional manner and do not employ suitable marketing tactics for the purpose of attracting buyers. The best way to do this is to advertise the house on a large scale exposing it to the widest possible pool of buyers. Internet web sites, mail marketing and other networking techniques are useful in attracting buyers. Furthermore, your short sale Realtor should advertise the house on the market while using multiple photographs that show it from different dimensions.

- Shabby Appearance of the House
Paying no heed to the appearance of the house is also counted among short sale mistakes. The sellers should take some time and improve the appearance of the home. A shabby look due to untidy carpets, dirty walls, and ragged grass, may let the buyer change his decision. If you succeed in impressing the buyer, you have come a long way in the short sale process.

- Seller’s Restrictive Attitude
Another mistake committed by short sellers is that they become restrictive when buyers want to visit the house. They put restrictions about when the house can be seen or how many people can see it at a time. Such restrictive behavior may also lead you to the failure of a short sale because buyers feel easier dealing with accommodative sellers than restrictive ones.

- Submission of Incomplete Documents
Banks require sellers to submit a number of financial documents for the review of their requests. Banks do not process a short file lacking some essential documents or containing incomplete information. It is essential to submit all the required documents, as per the given directions, to the banks to evade the rejection of the short sale request.

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Are you looking for a Milwaukee WI short sale Realtor? Look no further! Our stop Wisconsin foreclosure specialists provide FREE short sale expert services to Milwaukee homeowners in hardship. Call today to see if you qualify for a short sale! Need a Milwaukee Distressed Property Expert in short sales to offer free Chase short sale services? Our Milwaukee WI area Distressed Property Expert real estate agents are here to help, and are Certified or trained in the Wisconsin Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Copyright First Coast Realty Associates 2011