Hello, this is Kevin Barmann with SoldByShortSale.com. I am the short sale listing manager for the Matt Fetick Real Estate Group, your number one Philadelphia short sale specialists. What I needed to talk about at the moment is a question that a couple of clients have asked me this week. Many individuals are questioning why a financial institution would settle for their short sale. To reply that question fairly simply is it’s an economic motive why they might accept your short sale within the first place. A short sale for them is so much less expensive than going by the foreclosure process or by having all the time and commitment on their end for having someone call a collection agent to call you every month or sometimes every week to see if the money is coming.

So what our staff does is we review your scenario and we determine if we think the financial institution will settle for it as a short sale package. That is the reason we request the documentation that we do because we present that to the mortgage firm to indicate to them it is of their finest interest to do a short sale and protect you as much as attainable by way of the process. It may seem to be we require numerous paperwork, however we simply need to make sure we assess your scenario totally so we might help you make one of the best resolution for your monetary future.

So when you’ve got any questions on why a mortgage company would settle for a short sale, please give us a call at 610-427-4420 or request some data on our website, SoldByShortSale.com. Once again, this is Kevin Barmann with SoldByShortSale.com, your Philadelphia short sale specialists and we’re right here to assist answer any questions you have. Thanks and have an incredible day.

For more information on short sales and how to avoid foreclosure, visit the Sold By Short Sale blog or you can also contact the Matt Fetick team and get started today.