Orlando Short Sales: An Example Of How We Escalated A Short Sale File

Orlando Short SaleI talk about “escalating” a short sale. To put that in perspective, I am going to give you a real life example of how it is done.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

We had a house on the market for 5 months. We started the price at 425k and slowly brought it down to 375k. We received no offers for 5 months.

Then, we finally received an offer for 350k. Since we knew the bank’s appraised amount, we knew that offer wouldn’t work.

The bank’s appraisal had come in around 390k. (We didn’t think that number was the real value because buyers weren’t doing anything at that price.)

We knew that that current offer at $159,000 didn’t have a shot at getting accepted.

In order to get this file thru, we had two things to do.

1. Get a new, more accurate appraisal done.

2. Escalate the file.

To handle Part 1, we sent our own version of an appraisal to the lender. We explain to them why we did not think the appraisal was accurate and requested that they order a new one.

Then, we asked for their supervisor’s contact info. The new appraisal came back at 380k. The buyer told the bank that they would pay 365k, but no more.

The bank accepted the buyer’s offer and we received an approval and the home sold a few weeks later. Thinking about a short sale?

I can help you short sale your property and get back on your feet.

Send me an e-mail, tom.mack@exprealty.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 407-359-2220

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

Thinking about a loan modification? Our Orlando 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, Tom Mack.

Tom is a Real Estate Agent at eXp Realty. Orlando Short Sales Realtor:

Phone: 407-359-2220. tom.mack@exprealty.com.

View My homes for sale at Orlando Short Sale Homes.

Tom Mack specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Altamonte Springs FL Short Sale Realtor. Casselberry FL Short Sale Realtor. Lake Mary FL Short Sale Realtor. Longwood FL Short Sale Realtor. Oviedo FL Short Sale Realtor. Sanford FL Short Sale Realtor. Winter Park FL Short Sale Realtor. Winter Springs FL Short Sale Realtor. Apopka FL Short Sale Realtor. Eatonville FL Short Sale Realtor. Maitland FL Short Sale Realtor. Ocoee FL Short Sale Realtor. Orlando FL Short Sale Realtor. Windermere FL Short Sale Realtor. Winter Garden FL Short Sale Realtor. Kissimmee FL Short Sale Realtor. Orlando FL Short Sales. Orlando

Important Notice

Tom Mack, eXp Realty, and the Stop Foreclosure Institute are not
affiliated in any way, shape, or form with the government. Our services
have not been reviewed or endorse by the government or your lender. Most
lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our
offer to help you on a short sale, your lender may not agree to a short
sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything
else in life. It takes work and persistence to convince your lender to
modify your loan. No matter what you or we do, your lender may not approve
a loan modification.

We do not recommend that you stop paying your mortgage, because this will
cause damage to your credit and could cause you to lose your home. Because
we know avoiding foreclosure is so important to any homeowner, we recommend
that you speak with the appropriate legal or tax advisor before making any

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.

You have the option to reject a short sale or loan modification from your
lender if it does not meet your approval. If you decide not to go thru with
the short sale, then you do not have to pay us our fee. We normally make a
real estate sales commission for helping you on a short sale.

The views expressed here are Tom’s personal views and do not reflect
the views of eXp Realty.

This information on Orlando Short Sales: An Example Of How We Escalated A
Short Sale File is provided as a courtesy to our viewers to help them make
informed decisions.
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