Agents Claim the Chicago Short Sale Process Is Flawed. But, How Do We Fix It?

Agents Claim the Chicago Short Sale Process Is Flawed. But, How Do We Fix It?

Posted on August 3rd, 2011 in All Articles, Short Selling/Buying.

Chicago IL – Many agents have been complaining that the short sale process is flawed. A recent survey of realtors showed that over half of them thought the short sale process was difficult.

Some of the agents complained that they are “struggling with a broken short sale process.” But, why is the short sale process flawed?

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

Because no one is checking the results. There is no stated goal for the process. Have you ever heard of the first step in overcoming alcoholism?

In Alcoholics Anonymous, the first thing a new member does is admit they are an alcoholic. The new member stands up and says, “Hi, I’m Tom and I am an alcoholic.”

At that point they have established the problem and acknowledged its existence. Now they have a clear goal to overcome. Back to short sales.

Have the bank’s established a problem?

Maybe the CEO could stand up says, “Hi, I’m Brian. The bank I head up is losing billions of dollars on bad loans.” In addition, the people invested in our loans are losing billions more.

Finally the American Homeowner is losing billions from a declining housing market caused by abandoned and unloved foreclosures being tossed on the market with no regard for preserving home values.”

Most of us know that this is the problem. If only the banks would acknowledge the problem. But, will they? Let me know if you think they will by posting a comment below.

Thinking about a short sale? Visit www.ShortSaleSuperMan.com for information and tips on Chicago short sales. I can help you short sale your property and get back on your feet. Send me an e-mail at myrealtorphil@gmail.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 (312) 953-6725

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

Thinking about a loan modification? Our Chicago 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, Phil Buoscio.

Phil is a Real Estate Agent at Better Living Realty – Buoscio Brokerage, Inc.. Chicago Short Sales Realtor:

Phone: (312) 953-6725. myrealtorphil@gmail.com.

View My homes for sale at www.BetterLivingRealty.com.

Phil Buoscio specializes in loan modifications and short sales in Chicago Illinois. Chicago Loan Modification Help. Chicago Short Sales. Chicago Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor.

Copyright 2011 SFI Marketing Institute, LLC. All Rights Reserved.

Important Notice

Phil Buoscio, Better Living Realty – Buoscio Brokerage, Inc., 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 Phil’s personal views and do not reflect the views of Better Living Realty – Buoscio Brokerage, Inc..

This information on Agents Claim the Chicago Short Sale Process Is Flawed. But, How Do We Fix It? is provided as a courtesy to our viewers to help them make informed decisions.