Simplify the Short Sale Process
A brief time in the past, Group 4610 took on a client who had a empty lot in the northeast corner of Mesa worth considerably less than it used to be. Within a few quick days, we had an proposal of about $200,000. We took that offer to the bank to present and went through the normal short sale process. However, soon following the initial offer, a gentleman contacted our office with an offer that was substantially more than the initial proposal. We helpfully explained to him that we don’t accept numerous offers because the bank has a difficult enough time making a judgment on one proposal. Why should we think that they will be able to evaluate numerous offers.
This man never really sent us an official offer. He wrote on a piece of paper, an addendum, that he would pay more than our original offer. This man went around us to the bank directly in an effort to get us in trouble. The bank was upset with us because they said we were not presenting them with all offers. Clients, banks, house owners, etc. must to appreciate that the bank is not in charge of the deal. The state of Arizona is a deed of trust state, meaning that the bank has the alternative to foreclose. Beyond that, they have no lawful right to tell any faction how to conduct the deal.
Banks are in the commerce of lending not real estate. What you must to take into account is that when you allow your negotiator to seize control of the transaction, they may feel that they ought to take the house to foreclosure. So, acting in good faith, we went and found an extra offer and presented it to them with the stern warning that they didn’t actually have any other choice but to accept this proposal. Consequently, the deal was closed two days later.
Allow us to manage the business deal instead of the bank. We are the premiere short sale company in Arizona. In concluding, we are in business to aid the home owner.
http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.
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