New Castle County, DELAWARE – Some sellers think that if they sell their house for more money, then they are less likely to have a deficiency. Let me explain why that is not true.

Get my Free, Step By Step Loan Modification Guide by clicking here.

Another realtor recently told us about a short sale they were involved in. This realtor was representing the buyers purchasing the house.

The short sale negotiation company the sellers were using told the sellers that unless the house sold for $295,000, then the sellers would have a short sale deficiency.

Because of this, the sellers wouldn’t accept the buyer’s offer.

I told them that couldn’t be true.

Here is how short sale negotiations work:

A lender is losing money on a short sale. In most cases, they are losing a lot of money. Losing just a little bit more money is not going to cause them to change their mind on whether or not they should pursue a deficiency.

A sales price that is $17,000 lower is trivial when compared to a $100,000 loss.

Stop Foreclosure Institute Members have negotiated hundreds of short sales.

In most cases, the lender is either pursuing a deficiency or not pursuing one.

A slightly higher sales price won’t change their mind either way. They will either accept the short sale offer on the table, or counter at a price they will accept. They will pursue a deficiency even if the property sells for more money.

Thinking about a loan modification?Our New Castle loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet.

Send me an e-mail at wesell@teamsordelet.com to request a Free Copy.

Or, click here to request a copy.

Thinking about a short sale? I can help you short sale your property so you can move on with your life.

Send me an e-mail at wesell@teamsordelet.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 302-476-2057

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

 

Thanks For Reading This,

David Sordelet

David is a Real Estate Consultant with The Team Sordelet Realty Group at Prudential Fox & Roach Realtors.

Phone: 302-476-2057 be

Email: wesell@teamsordelet.com.

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You can also take a look at the other services that we offer:               http://www.sellmydelawarehome.com                           http://www.mydelawarehomesearch.com                             http://www.stopdelawareforeclosure.com                       http://www.delawareshortsalerealtor.com                                       http://www.teamsordelet.com/Market-Snapshot                                      

You can also seach every house for sale in our market place by clicking on this link:      http://www.teamsordelet.idxco.com/idx/4618/basicSearch.php 

David Sordelet specializes in loan modification assistance and short sales in New Castle Delaware. New Castle Loan Modification Help, New Castle Short Sales, New Castle Short Sale Realtor Short Sale Realtor. New Castle DE Short Sales. New Castle Realtor. Delaware Short Sale, Delaware Loan Modification, Selling Real Estate, First Time Home Buyers, Delaware Real Estate Expert, Short Sale Specialist, 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 David Sordelet's personal views and do not reflect the views of Prudential or Prudential Fox & Roach Realtors. 

David Sordelet, Prudential Fox & Roach Realtors, 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 decision.  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.