|
|
 |
Request a FREE Status Report On Properties that Interest You It can take days, weeks, or longer for changes to appear on websites. Don't waste your time with less than current information. Request a FREE status report from Kansas City Real Estate and find out if the property you're interested in is still on the market, under contract, in escrow, or has dropped in price. Your FREE e-mail status report also includes other important information available through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. As top Kansas City-area REALTORS®, it's our job to know more about a local property than any national website. Request Your FREE Status Report Now 
Short Sales >5. What If My Lender Refuses My Short Sale Request? The most common reason for a lender to refuse a short sale request is loss. That is, the lender will refuse a short sale if their calculations suggest that they will lose less via a foreclosure. If this happens to you:
Step 1: Demand a written letter from the loan servicer explaining exactly why the request has been denied.
Step 2: Figure out and write down the projected losses you’ll experience if the home is foreclosed on as opposed to sold as a short sale.
Step 3: Notify the company handling the loan that if the house is foreclosed on, you will be suing them for the damages you documented in Step 2.
If you follow this procedure, you should be in the clear either way. Either your home will be sold as a short sale like you previously wanted, or you will have the potential to regain your losses after foreclosure from the lawsuit. Your best strategy for navigating the short sale process is to work with a qualified agent who can assist you. The agent will help you work through the process and/or any contingency plans.
|
| Q |
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?
|
| A |
The picture window was a signature of the suburban American neighborhood. |
 See More Real Estate Trivia > |
|
|
Prepared for the Future
"It's amazing how simple this process was, and how well you knew how to prepare me for my future."--Jimmy, age 29
--Jimmy, age 29
Read Quote >
View All Quotes >
Get the Latest Listings Before Anyone Else!
As soon as I list another home for sale, I'll email you. You'll know first.
Find Out More >
|
|
- NUMBER1EXPERT® 
