The rise and fall in the real estate industry is unpredictable. If you are planning to sell your property as a short sale to avoid foreclosure, you must take hire a short sale expert to ensure you get the best purchase offer and not get ripped off.
To fulfill your financial obligation like paying off loans to the mortgage company, the lender, during liquidity crisis is a daunting challenge and a distressful situation. It gets as difficult as it can be, because in the apprehension of foreclosure you don’t think straight. You make hasty decisions in panic and get a poor sale offer which is eventually turned down by the lender.
It’s important to realize the negative consequences of foreclosure on your future borrowing and credit score. It may take up to 7 to 10 years to reestablish your credit rating.
To ensure you get the perfect short sale offer, its ideal take help from an experienced short sale specialist.
Reasons to Hire a Short Sale Expert
Here are some reasons to hire a short sale expert:
With years of experience and sound knowledge, a short sale expert can provide you proper guidance and ensure that your short sale authorization letter is approved and not bluntly rejected by the lender.
Help You with Necessary Documentation
To support your short sale letter, you need to provide plenty of documentations like bank statements and pay stubs. Only a professional can help you with your documentations because he/she knows which document can make a better impact and get your short sale approved easily without any hassle.
A short sale expert can negotiate with the lender. Proper negotiation with the lender can significantly increase your chances of getting your letter approved in time.
Assistance with the Sale
A professional short sale expert can provide you assistance in finding the right buyer for you. A good offer benefits both you and the lender. Besides this, a specialist can also help you find a new home.
Therefore before you pursue and send an authorization short sale request to the lender, you must first find and look for a qualified and an experienced short sale expert.
There are plenty of short sale expert services available; the best way to select an expert is to make sure he or she has years of experience along with a history of getting short sales approved by the banks.
Larry D. wrote this article about real estate for short sale experts of Las Vegas Rothwell Gornt.