Home > Foreclosure alternatives > Yes, Banks Are Approving Short Sales in Bergen County

Yes, Banks Are Approving Short Sales in Bergen County

Bergen County NJ – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.

The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.

The bank did an appraisal. The appraiser thought the house was worth $265,000. The lender rejected the offer because it didn’t meet their guidelines.

We put the home back on the market and waited for another offer. The property values continued to decline. The next offer came in for $185,000 several months later.

The bank re-opened the short sale process and ordered a new appraisal. This appraiser thought the house was worth $197,000.

The bank approved the short sale offer. As you can see, short sales can get approved with a little luck, time, and persistence. With some luck, the bank will see that the short sale makes financial sense and approve it.

We’ve seen over 50% of our short sales sell, get approved, and close in 3-4 months. And that’s the first attempt at negotiations.

The majority of the remainder will get approved, but we will have to submit more offers.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at bob@sellitwithbob.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 (201) 567-9191

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

Thinking about a loan modification? Our Bergen County loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Robert Clarke.

Robert is a Real Estate Agent at RE/MAX Properties Plus. Bergen County Short Sales Realtor:

Phone: (201) 567-9191. bob@sellitwithbob.com.

View My homes for sale at my website.

Robert Clarke specializes in loan modification assistance and short sales in Bergen County New Jersey. Bergen County Loan Modification Help, Bergen County Short Sales. Bergen County Short Sale Realtor
Short Sale Realtor. Bergen County NJ Short Sales. Bergen County Realtor.

Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. 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. The views expressed here are Robert Clarke’s personal views and do not reflect the views of RE/MAX Properties Plus.

This information on Yes, Banks Are Approving Short Sales in Bergen County is provided as a courtesy to our viewers to help them make informed decisions.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: