3 common mortgage short sale process mistakes
- Sending in a low-ball short sale offer that we know the mortgage lender will not accept.
- Unfamiliarity with the short sale process. Mortgage lenders are busy and don’t have time to explain the short sale process. We show them how we know the process.
- Not determining the intentions of a second mortgage lender, if one exists. Second mortgage lenders have the right to disapprove the short sale so we work quickly to learn their requirements.