Westminster CA – Yes, many people think they can negotiate with the lender. But, some of them don’t have the skills necessary to be successful.

Here are a few of the things someone needs before they can negotiate a short sale.

They must have the ability to understand HUD-1 Closing Statements. The lenders will want a copy of the closing statement, also call a HUD-1.

Most people in the lender’s short sale departments are very familiar with HUD-1s. The person negotiating with you will need to answer any questions they have about the HUD and know how to make changes to it.

They must know the short sale seller’s rights. Most short sale transactions fall under certain guidelines. The lenders don’t always like to follow those guidelines.

They might ask the seller to accept a promissory note when the guidelines don’t require that. You could be stuck repaying thousands of dollars unnecessarily.

Make sure the person negotiating on your behalf has a complete understanding of your rights.

They must know how short sale negotiators think.  Short sale negotiators don’t just approve every short sale.

There is a process they must follow before approving or rejecting a short sale offer. If the person doesn’t understand then they won’t be able to work your file thru the process to receive an approval. 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 ramon@crumassociates.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 562-881-4985

Thanks for reading this, Ramon Crum.

Ramon is a Real Estate Broker at Crum & Associates Residential Group. Westminster Short Sales Realtor:

Phone: 562-881-4985. ramon@crumassociates.com .

View My homes for sale at www.crumassociates.com .

Ramon Crum specializes in loan modification assistance and short sales in Westminster California. Westminster Short Sales. Westminster CA Short Sales. Westminster Realtor.

Important Notice

Ramon Crum, Crum & Associates Residential Group, 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.

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.

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 Ramon’s personal views and do not reflect the views of Crum & Associates Residential Group.

This information on Westminster Short Sale Myth: Anyone Can Negotiate With The Lender is provided as a courtesy to our viewers to help them make informed decisions.

Los Alamitos  CA – You may wonder why a sales contract says the seller pays for certain costs and yet the bank covers the costs. Here is how it works.

The sales contract may have a certain clause say: “Seller to pay title and seller’s documentary stamp taxes.” How does the bank pay that cost if it says the seller is paying it?

In traditional real estate (non short sale), certain costs are normally paid by the seller and other costs by the buyer. For example, the seller doesn’t normally pay the buyer’s home inspector.

In these cases, the seller is actually paying those costs. So sales contracts have always been written like that. On a short sale, the costs are paid by the seller on the closing statement.

But, you aren’t paying them. Instead, they are being subtracted from the sales price. The short sale lender gets what remains after the costs are paid. For example.

Sales price: $100,000.

All costs paid by the seller: $9,000.

Net to the short sale lender: $91,000.

The short sale lender is actually paying these costs by simply accepting the lower amount. That is why it is called a “Short Sale.”

The lender is getting paid less than what they are owed. They would have to pay all of those costs if they foreclosed on the house and then sold it.

So, they might as well pay those costs now with the short sale. 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 ramon@crumassociates.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 562-881-4985

Thanks for reading this, Ramon Crum.

Ramon is a Real Estate Broker at Crum & Associates Residential Group. Los Alamitos Short Sales Realtor:

Phone: 562-881-4985. ramon@crumassociates.com .

View My homes for sale at www.crumassociates.com  .

Ramon Crum specializes in loan modification assistance and short sales in Los Alamitos California. Los Alamitos Short Sales. Los Alamitos CA Short Sales. Los Alamitos Realtor.

Important Notice

Ramon Crum, Crum & Associates Residential Group, 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.

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.

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 Ramon’s personal views and do not reflect the views of Crum & Associates Residential Group.

This information on Who Pays The Costs In A Los Alamitos Short Sale? is provided as a courtesy to our viewers to help them make informed decisions.