Search This Blog

Friday, October 15, 2010

Moorpark, Ventura County Short Sale Realtor Advice: Some Agents Hate Short Sales

Ventura County CA – I recently met a realtor in a another town. “I hate short sales”, she told me. “They are so frustrating. They take forever. Most of mine have dragged out for 9-12 months. The short sale lenders are so tough to work with.”

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

The closest comparison I can think of is learning to ride a bike. Remember the first time you tried to ride a bike and you crashed and fell off? You felt like you would never be able to ride a bike. Maybe you told your mother, “I’m just not as smart as Timmy. He knows how to ride a bike.”

Apparently this agent does not specialize in short sales. Neither do a lot of the other agents that complain about them.

These agents openly admit they hate short sales. They say stuff like, “Maybe lenders worry about what would happen if they approved too many short sales.” This is a huge misconception.

Most loans are not owned by the lenders or banks who hold them. As an example, Bank of America does not own 80% of the loans they process.

I heard a story about a large national lender that processes short sales. They have more and more short sale files coming in every month. Do they hire on more people to handle the files?

No. Instead they hire on more people to answer the phone and forbid the people who negotiate the files (called Loss Mitigators) from returning calls. Here is the real reason short sales are so frustrating. The lenders don’t want to hire on more staff to process them.

Loss Mitigation is a specialized job. It isn’t simple. The decisions to approve or deny a short sale offer are not cut and dry. They are legally required to follow the rules laid out by the owner of the loan.
An experienced loss mitigator probably gets paid 2-3 times more than a person that answers the phone. Just like a loss mitigator needs to know what they are doing; the person negotiating a short sale with a lender needs to as well.

The agents that hate short sales haven’t taken the time to learn how they work. They don’t know who owns the loan, or their short sale requirements.

(This is all readily available information for anyone who has an internet connection.) Maybe these agents have chosen to specialize in other area of the real estate business, such as new construction or first time buyers.
Or they specialize in commercial property. All of a sudden they want to short sale your house. Where does that put your odds of a successful short sale?

I agree that short sales can be frustrating. But, most short sales do not take 9-12 months when you follow the proper procedures. Since I know how to find the owner of the loan, I am ahead of ninety percent of all the other agents out there.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 805-208-0823.

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

Thinking about a loan modification? Our Ventura County Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.

Thanks for reading this,
Chris B Johnson.
Chris is a Real Estate Agent at Prudential Califonia Realty.
Phone: 805-208-0823.
Certified HAFA Specialist, Certified Short Sale Specialist
View My homes for sale at

Chris B Johnson specializes in loan modification assistance and short sales in Ventura County California. Ventura County Loan Modification Help, Ventura County short sales. Ventura County Short Sale Realtor Short Sale Realtor. Ventura County CA Short Sales. Ventura County Realtor, Chris B Johnson Realtor specializes in providing HAFA Loan Modification and short sales help, Short Sales in Moorpark, Short Sales in Thousand Oaks, Short Sales in Westlake Village, Short Sales in Newbury Park, Short Sales in Camarillo, Short Sales in Santa Rosa Valley, Short Sales in Somis, Short Sales in Lake Sherwood, and Short Sales in Simi Valley California. Moorpark Loan Modification Help, Thousand Oaks Loan Modification Help, Westlake Village Loan Modification Help , Newbury Park Loan Modification Help, Camarillo Loan Modification Help, Santa Rosa Valley Loan Modification Help, Somis Loan Modification Help, Lake Sherwood Loan Modification Help, and Simi Valley Loan Modification Help, Moorpark short sales , Thousand Oaks short sales, Westlake Village short sales, Newbury Park short sales , Camarillo short sales, Santa Rosa Valley short sales, Somis short sales, Lake Sherwood short sales, and Simi Valley short sales. Moorpark Short Sale Realtor, Moorpark Short Sale Realtors, Short Sale Realtor. Ventura County CA Short Sales. Ventura County Realtor, Certified HAFA Specialist, Moorpark Short Sale Realtor, Thousand Oaks Short Sale Realtor, Westlake Village Short Sale Realtor, Newbury Park Short Sale Realtor, Camarillo Short Sale Realtor, Simi Valley Short Sale Realtor, Moorpark CA Short Sales, Thousand Oaks CA Short Sales, Westlake Village CA Short Sales, Newbury Park CA Short Sales, Camarillo CA Short Sales, Simi Valley CA Short Sales, Certified Home Affordable Foreclosure Alternative Specialist, HAFA, HAMP. CA. DRE 10501699

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 Johnson’s personal views and do not reflect the views of Prudential Califonia Realty. This information on Ventura County Short Sale Realtor Advice: I’ve heard banks won’t do short sales. Is that true is provided as a courtesy to our viewers to help them make informed decisions.

No comments:

Post a Comment