There are four reasons why lenders want to work with you on short sales. In steeply declining markets, short sales are booming. Selling a home for less than the mortgage, often provides troubled home owner with their best chance of avoiding foreclosure and ruining their credit. A cottage industry of bankruptcy specialists and other self-described loan officers are looking for clients, but lenders would often prefer to work with real estate professionals in negotiating short sales for clients. Lenders want to work with you on short sales because:
- You're licensed by the state.
- You adhere to a code of ethics.
- You carry errors and omissions insurance.
- You have too much at stake to cut corners. As a license professional, you won't commit fraud that could put your entire career at risk.
A Buyer's Agent would work with you whether you are working on a short sale or not.
