Does Your Realtor Have A Loan Modification Waiver In Their Short Sale Package?
Hello, I am Saul Carter with Others Realty. I am one of the leading short sale specialists in the Modesto area. If you’re dealing with a difficult financial situation and are facing foreclosure, I can provide you with education and knowledge as well as show you some alternative options to foreclosure, such as short selling your property.
I would like to chat with you today about a certain paper that does not show up in everyone’s short sale package, but that I do have as part of mine. It is something called a loan modification waiver, and I would suppose that over time most realtors will start to have them in their short sale packages. The loan modification waiver is a document that says you have considered doing a loan modification and it’s either not in your best interest or you do not want to do a loan modification anymore.
When we’re doing business together to short sell your home, this paper works to our benefit and puts your declination of doing a loan modification in writing for when I send your short sale application into the lender. It also ensures that the short sale package goes to the right department at the lender; I’ve had situations in which there has been some confusion with the lender when this paper isn’t included in the short sale package and they believe that I am actually applying for a loan modification instead of applying for a short sale. I have included this loan modification waiver document to avoid this type of mix-up in the future; this also helps if you have been doing a loan modification and notifies the bank in writing that you do not want to proceed with the loan modification any longer and are going to do a short sale. If you have any more questions, please call us or fill out the “Getting Started” form on our website; we can assist you with your particular situation or answer any questions you might have regarding short sales.
For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.
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About Saul Carter
Graduate 1995 BA in Business Administration, Marketing from California State University. Started in Real Estate 2002, sold residential for 9 months before moving into Commercial Real Estate, Specialized in Retail and Office space in the Central Valley of California. When the market turned in 2007 was caught off guard as commercial real estate dried up. Starting in late 2008 started pursuing short sales as a business strategy. Has Closed 50 short sales since January 2009. A combined total of liens negotiated: 82. Negotiated forgiveness of Debt: over $11 million. Has been an independent real estate broker since 2006. Started Others Realty in mid 2009.