Orlando FL – Some people think that short sales represent a bargain in the real estate world. Some people have said that banks sell short sales for below market value because they want to avoid foreclosure.

That isn’t true. Yes, banks do prefer to sell a property in foreclosure as a short sale. They know that short sales usually sell for more money than a foreclosure. I am sure you are wondering why. Let me explain.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

The problem is that a lot of time the BPOs are inaccurate. A former short sale negotiator called the process a “BPO Mill.” The lenders care more about cost than accuracy. If your short sale realtor doesn’t understand the BPO process, then you are at risk.

Here is what we do to avoid BPO problems. We prepare our own valuation of the property. We give that valuation to the person doing the BPO. Then, if the lender declines the short sale, we ask them why. Many times it is because they think the property is worth more than it actually is. In that case, we have to appeal their BPO value.

We send them our own BPO and all the information to backup our value. Most lenders will review it. They may order a new BPO. Or, they may try to get ours “validated.” That means their valuation department will double check everything. If the valuation department agrees, then they use our BPO for the proper value.

The entire short sale process is actually fairly simple. If the short sale lender declines an offer, then you ask them why. You then have to demonstrate why they should accept the offer. If you have good data to backup your case they will re-consider. That gives your seller a better chance at a successful short sale outcome.

We always track all the sales activity in the neighborhood and surrounding area of the property we are selling. That way we can send updated information to the lender. When we keep them up to date on what is going on in the neighborhood, they are able to make a better educated decision on 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 tom.mack@exprealty.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 407-359-2220

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Orlando 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, Tom Mack.

Tom is a Real Estate Agent at eXp Realty. Orlando Short Sales Realtor:

Phone: 407-359-2220. tom.mack@exprealty.com.

View My homes for sale at Orlando Short Sale Houses.

Tom Mack specializes in loan modification assistance and short sales in Orlando Florida. Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor. Altamonte Springs FL Short Sale Realtor. Casselberry FL Short Sale Realtor. Lake Mary FL Short Sale Realtor. Longwood FL Short Sale Realtor. Oviedo FL Short Sale Realtor. Sanford FL Short Sale Realtor. Winter Park FL Short Sale Realtor. Winter Springs FL Short Sale Realtor. Apopka FL Short Sale Realtor. Eatonville FL Short Sale Realtor. Maitland FL Short Sale Realtor. Ocoee FL Short Sale Realtor. Orlando FL Short Sale Realtor. Windermere FL Short Sale Realtor. Winter Garden FL Short Sale Realtor. Kissimmee FL Short Sale Realtor. Orlando FL Short Sales. Orlando Realtor.

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Important Notice

Tom Mack, eXp Realty, 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.

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 Tom’s personal views and do not reflect the views of eXp Realty.

This information on Can your Orlando Short Sale Realtor beat the 80% short sale failure rate? is provided as a courtesy to our viewers to help them make informed decisions.