negotiation » The Art of Short Sales

27Feb10 Short Sale Questions and Answers!

Is a Short Sale RIGHT for the Borrower? This is a question often asked by both people facing foreclosure. Why would someone sell his or her house utilizing a Short Sale method? To put it simply, to avoid a foreclosure on the homeowner’s record and to decrease the length of time a lender will require [...]

4 Comments Posted by Nick in Education
Tagged credit score, deficiency judgement, Education, FICO, hints, information. lenders, law, negotiation, news, short sale, short sales, tips

8Dec09 How to Write a Hardship Letter that Gets the Bank to Say “Yes!”

A well-crafted and ironclad hardship letter is probably one of the biggest components to getting a short sale approval from the bank. Without clear description of the dire straights the borrower finds themselves in, no lender will willingly short the loan. So how do you go about writing a letter that will get the banks [...]

5 Comments Posted by Nick in Education
Tagged advice, hardship letter, hints, lender, negotiation, short sale, short sales, tips

30Nov09 Why do banks reject short sale offers?

I was reading this blog over the weekend and it gave some of the reasons short sales are rejected by banks: The point is short sale involves a loss in the part of the lender. That is why before they accept any request for it, your package, the reasons and all details of your short [...]