| If you are a homeowner considering short selling | | | | is not necessarily a negotiation company. There is |
| your home, taking the right first step can make | | | | nothing wrong with dealing with a packaging |
| the difference in short selling your home or having | | | | company or packaging attorney as long as you |
| a foreclosure on your credit report. The first thing | | | | don't expect any additional service. Although |
| most homeowners do who want to short sale | | | | packaging is important, the best packaging will go |
| their home, is contact a realtor. While this | | | | to waste without the proper follow through. Be |
| strategy may be okay if you in a standard real | | | | careful not to overpay for a packaging service. |
| estate transaction, in a short sale it may prove to | | | | There are some good companies that do a good |
| be disastrous. As a seller, selecting an expert | | | | job of packaging for a reasonable charge of |
| short sale negotiator is far more critical than | | | | approximately $200.00. |
| selecting a realtor. The professional short sale | | | | A home seller needs to look for negotiators who |
| negotiator will help to push your file through the | | | | are real estate attorneys, have experience with |
| lender and negotiate with the lender to get your | | | | short sales and will not only enter an agreement |
| sale approved. Without a superb negotiator, all of | | | | in writing with you but will honor it. Why do you |
| a realtor's marketing is wasted. A realtor can be | | | | need a real estate attorney? You need an |
| the best realtor on the planet but that doesn't | | | | attorney due to the complexity of the short sale |
| necessarily mean the realtor will do even a | | | | real estate transaction process. Mortgage loan |
| mediocre job negotiating the short sale. Many | | | | default is a breach of contract. This breach of |
| good purchase offers never make it to the | | | | contract may bring legal actions from your lender. |
| closing table because the listing agent is a good | | | | You are much better off having a real estate |
| realtor but not a good short sale negotiator. The | | | | attorney on your side negotiating your short sale. |
| clock is always ticking. If you are serious about | | | | Quite simply put, you are fighting fire with fire. |
| selling your home, you can't afford to waste time. | | | | What about the cost? Be careful who you choose |
| There are also qualification criteria that a | | | | as a short sale negotiating company and get it in |
| professional negotiator will look at to see if you | | | | writing up front. The cost of hiring a real estate |
| meet lender or investor guidelines. Of course, | | | | attorney to negotiate your short sale could cost |
| there is no point in going through the aggravation | | | | you thousands of dollars up front if you don't |
| if you don't qualify. Selecting the right negotiator | | | | know better. In addition to that, many attorneys |
| may save you the pain of wasting your time | | | | will charge $300.00 per hour and no one really |
| from the onset by carefully checking to see if | | | | knows at the point of sale how many hours of |
| you qualify. | | | | work will be involved. This can get quite |
| There are companies that provide the service of | | | | expensive, especially when their phone call is |
| packaging the documents and making sure all of | | | | placed on hold by the lender sometimes for an |
| the required documents are provided. Some may | | | | hour at a time. |
| submit them to the lender. A packaging company | | | | |