Minnesota Short Sale Expert

If we assume that at this point you have already gathered the knowledge of what a short sale actually is, how it may affect you in the long run and what criteria it takes to actually pursue one then we also need to explain how we actually go about getting a short sale approved. There are many real estate agents that are currently working hard to try and help homeowners get through the process. We can all commend them for this but at the same time keep our fingers crossed that these agents are actually successful in getting it approved with the bank(s). it is not difficult to list a property, gather some of the necessary documents needed by the bank and turn it in when we get an offer. Any of us agents can do this.

Now here is the difference with how I am successful in getting the bank to approve a short. We are able to get the banks to order a BPO (Broker Price Opinion, similar to an appraisal) and provide us with a value of what they would be willing to accept as a sale price on the property BEFORE we ever list the property for sale on the MLS. This is very important because it cuts down the waiting time for approval when an short sale package is submitted to the lender. In the traditional way of listing the property first and then submitting the package it is unknown whether the bank is even willing to accept a short sale or not. Many times it takes 2-3 months before an answer is even received. Because of this lengthy process often times the buyers find other properties and decide to move on rather than continuing to wait for answers. There is an abundance of properties out there and buyers can be choosy. With our process this goes much quicker and many times much more successfully.

If you or someone you know is facing a situation of not being able to pay the mortgage or simply need some questions answered, please don’t hesitate to call my private line at 763-242-6303 or drop me an email Rob@MnShortSaleExpert.com and I would be happy to have a confidential conversation.