Bountiful Short Sales: Who is in charge during a short sale?

Bountiful UTAH – Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth.


The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that?


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


Until the lender forecloses on the home the home owner is in the driver’s seat. They “own” the property until the lender forecloses.


We have had many buyers get angry that a home owner would not accept their lowball offer. “You have to submit my offer to the lender. If you don’t then that would be fraud”, they tell the home owner.


You, the home owner are in charge. That means that you can make the following decisions.


You are allowed to pick the buyer’s offer that you think the lender will be most likely to accept.


You are allowed to turn down offers that you don’t like for whatever reason. (Maybe the buyers are too picky about the home and want you to make repairs.)


You are allowed to turn down offers if the buyer is not pre-approved for a loan. In addition, you can ask the buyer to inspect the property before they write a contract.


You are allowed to ask for an earnest money deposit to make sure the buyer is serious about the house.


It is your right to do these things for as long as you own the property. Don’t let anyone tell you otherwise. 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 utahhomesaver@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 (801) 651-0707


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


Thinking about a loan modification? Our Layton 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, David Forsberg.


David is a Real Estate Agent at Prudential Utah Real Estate - Bountiful. Layton Short Sales Realtor:


Phone: (801) 651-0707. utahhomesaver@gmail.com.


Greater Salt Lake Short Sales. Real Help for those that need it most.