New Castle County, DE – Once the lenders have solid data in place to find and measure the problem, then solid decisions can be made to fix the problems.

Our last blog post detailed how to get that data. Once you have the data, then you can have accountability.

Here are a few things we know should be held more accountable. Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

#1: People that value the property for the lenders. Before approving a loan modification or short sale, the lenders compare that financial result with what they can expect from Foreclosure. What they will recoup on the short sale or loan modification is a relatively solid number. What they will recoup on Foreclosure is not.

So, they ask an expert to tell them what the property is worth. This person evaluates the property and tells the lender what they think the property is worth.

In our opinion, these valuations are not always accurate. We see many people say a property is worth $240,000. The short sale offer is for $225,000 and is rejected because of the $15,000 difference. However, when the property is foreclosed and the dust settles, the home ends up selling for $200,000. That is a big discrepancy and someone needs to be held accountable for it.

#2: The people processing these files. In some cases the people processing these files don’t answer calls or respond to e-mails. Because of this, many short sales fail and are foreclosed on later. If a buyer offering to pay $225,000 walks after two months and the home sells for $200,000 as a Foreclosure, then the person processing the short sale needs to be held accountable.

Thinking about a short sale?

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

Thinking about a loan modification?

Our New Castle 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, David Sordelet.

David Sordelet

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

Phone: 302-476-2057.  Email: wesell@teamsordelet.com.

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View OUR homes for sale at http://www.teamsordelet.com.  

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.