Seattle and Tacoma,WA –Hi! This is Nathan Olotoa with 59days2sold.com and www.seattleshortsalesagent.com and I specialize in short sales in the Tacoma and Seattle areas.
Tacoma WA – The Stop Foreclosure Institute recently received a question from Tawny. Here is Tawny's Question.
"I have not been late on any payments but my income will be changing dramatically towards the end of the summer. What is your exact service and what are the fees involved? I do not have any cash in savings and pretty much live paycheck to paycheck. Tawny."
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.
Here is the answer to Tawny's Question: A short sale doesn't cost the homeowner any money. All of the costs are paid for by the homeowner's lender.
Now, I'm sure you are asking, "The bank is losing money on the short sale. They wouldn't want to have to pay to sell the property."
Many people also think this. After all, it makes sense logically. But, it's actually not the case.
Banks have been lending money for centuries. They have learned from past experience that a short sale is a good way to cut their losses.
In fact, a recent study by the Boston Consulting Group actually showed that a short sale reduced a lender's losses by 20%, compared to a foreclosure.
After a lender forecloses on a property they put it up for sale. They have to hire and pay a real estate agent and all the other related costs.
Why not pay those costs on a short sale and cut their losses by 20%? It's a good business decision. And that's why a short sale doesn't cost the homeowner anything.
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at asknate@kw.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 253-310-1177
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification Our Tacoma loan modificationkit 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, Nathan Olotoa.
Nathanis a Real Estate Broker at Keller Williams-Tacoma. Short Sales Realtor
Phone: 253-310-1177. asknate@kw.com.
Listed to Sold in 59 days or less
View Tacoma homes for sale and Seattle homes for sale at 59days2sold.com. View my previous blog posts at www.seattleshortsalesagent.com.
Short Sale Realtor. Short Sales. Realtor. Tacoma homes for sale. Seattle homes for sale. Tacoma short sale agent. Seattle short sale agent, Seattle, Tacoma, Seattle Short sale, Tacoma short sale, Seattle short sales, Tacoma short sales, Avoid foreclosure, stop foreclosure, home values, tacoma home values, seattle home values. HAFA program, HAFA
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 Nathan Olotoa's personal views and do not reflect the views of Keller Williams-Tacoma.
This information on Short Sales: Are Lenders So Desperate They Will Accept Any Offer is provided as a courtesy to our viewers to help them make informed decisions.
No comments:
Post a Comment