A Foreclosure Short Sale
Can Be Quick And Easy

Approaching a foreclosure short sale with a positive outlook can help. Doing things in a specific way can create time saving short cuts.

When you first contact a homeowner you must tell them what to expect. There are no guarantees and do not make any promises. The only thing you can assure them of is that you will give it your best effort, as you should.

After contacting their mortgage company’s loss mitigation department and requesting their requirements, follow the instructions to a tee. Do not deviate or send in an incomplete package, it will hold up the process.

The bank’s negotiators are very busy and are never happy to receive an incomplete short sale package. Do it right the first time and you will go to the top of the pile of the hundred loans that negotiator is working on.

Make follow up phone calls on a weekly or every three day basis until you get the information or answer you want. You are going to need to request a Broker Price Opinion or BPO as soon as possible. Do not be a pest by calling everyday.

When negotiating, be honest. They will always appreciate your honesty and will be more likely to assist you when you need guidance.

Learning how to stop foreclosure with a short sale can be easy and lucrative if you do it correctly.

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