Elk Grove Short Sale Agent – Allan Sanchez

Elk Grove Short Sale Agent – Allan Sanchez

Here is an awesome Elk Grove short sale! 4809 Noriker Drive is a Bank of America short sale listed for $185,000.  It is a great one story floor plan with 3 bedrooms, 2 baths, and 1,660 square feet.  Bank of America already completed the BPO and is ready to approve this Elk Grove short sale.  We just need a buyer!  We’ve had 2-3 showings for the last few days so we should have an accepted offer by the end of this week!

As an Elk Grove short sale agent, I have listed and sold over 100 REOs and short sales with Bank of America.  Bank of America is the largest lender and has an extensive short sale department.  Over the last three years their short sale process has definitely become better.  I usually get Bank of America short sale approvals in 35-60 days.  They are not the quickest bank (that award goes to Wachovia and Chase) but still, I have had a lot of short sale success with Bank of America.

Elk Grove short sales are very different from traditional equity sales. In a short sale, your short sale agent must convince your lender to accept less for the house than the loan and forgive the outstanding balance of the loan.  In order to have the best chance for short sale success, it’s important to use an experienced Elk Grove short sale agent.

Your Elk Grove short sale agent will:

• Communicate with the bank from the beginning of the listing.
• Submit a thorough and complete short sale offer to the bank.
• Negotiate with the bank on your behalf.
• Follow-up with the bank regularly until the short sale is approved (I can’t emphasis enough how important this is)!

How are short sale agents paid? There are no out of pocket commissions paid by the seller.  Commissions are approved by the bank and come out of the sale’s proceeds.  Short sales don’t cost the seller any money.  However, short sale sellers should continue to pay their home’s utilities, property taxes, HOA, and insurance until the home is sold.  There are ways around this but it’s best to keep this bills current.

See if you qualify to sell your Elk Grove home as a short sale.

Elk Grove Short Sale Agent – Allan Sanchez

Posted by Elk Grove Short Sale Agent – Allan Sanchez – www.AllansHomes.com