Tehachapi Short Sales: Are Lenders So Desperate They Will Accept Any Offer?

by Sally Lawrence

Tehachapi CA – Have you heard the following myths about short sales?

Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit.

Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no money down.

Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.

Myth #3: Lenders will accept any short sale offer even if it is for only 50% of what the home is worth. After all, they don’t want a foreclosure on their books.

These myths are just not true. Lenders are willing to foreclosure on properties. They have entire departments handle the sale of properties that they have foreclosed on.

Another foreclosure is nothing for them to fear. At the same time, they do prefer short sales. Short Sales are known to reduce a lender’s loss compared to a foreclosure.

Lenders have high paid actuaries who have run the numbers and proved that short sales are less expensive for the lender than foreclosures. That means the lenders take a pragmatic approach on short sales.

Lenders want to make sure that the short sale offer isn’t lower than what the home would sell if they foreclosed on it.  That is why they order an appraisal before accepting the offer.

They won’t agree to a sale if the offer is for substantially less than the appraised value. If the offer is 5% lower than the appraisal, then they might accept it.

If an offer is substantially less, then the lender will ask the buyer to raise their offer to the appraised value.

Another thing lenders check before approving a short sale is that they aren’t approving a short sale for someone that is able to afford their home.  They don’t want to lose money on a short sale when they can make money when the person repays the loan.

Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Sally@HomeSalesSally.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 661 375 7325

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

Thinking about a loan modification? Our Tehachapi 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,

Sally Lawrence.

Sally is a Real Estate Agent at Town & Country Real Estate. Tehachapi Short Sales Realtor:

Phone: 661 375 7325. Sally@HomeSalesSally.com.

View My homes for sale at Kern County Real Estate info.

Sally Lawrence specialize in loan modification assistance and short sales in Tehachapi California. Tehachapi Loan Modification Help, Tehachapi Short Sales. Tehachapi Short Sale Realtor. Rosamond CA Loan Modification Help, Rosamond CA Short Sales. Rosamond CA Short Sale Realtor. Antelope Valley CA Loan Modification Help, Antelope Valley CA Short Sales. Antelope Valley CA Short Sale Realtor. , Tehachapi Short Sale Realtor. Tehachapi CA Short Sales. Tehachapi Realtor.

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. The views expressed here are Sally Lawrence’s personal views and do not reflect the views of Town & Country Real Estate.

This information on is provided as a courtesy to our viewers to help them make informed decisions.

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