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    neva40213's Avatar
    neva40213 Posts: 7, Reputation: 1
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    #1

    Sep 18, 2007, 01:36 PM
    Short sale not accepted
    When a short sale is not accepted what is the next best option ?
    Dr D's Avatar
    Dr D Posts: 698, Reputation: 127
    Senior Member
    		  
    #2

    Sep 18, 2007, 03:06 PM
    Try to get the purchaser to increase his offered price which will result in less of a shortage to the lender; or offer extra funds from your pocket to minimize the lender's loss; or wait for a better offer from another buyer.
    RICKYLANDRY's Avatar
    RICKYLANDRY Posts: 16, Reputation: 0
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    #3

    Feb 16, 2008, 09:34 PM
    :) Do You Know Your Rights As A Home Owner

    You Have Several Options

    1. Loan Modifacation (talk To Your Lender)

    2. Special For Barrans ( Talk To Your Lender)

    3. Refinance

    4. Lease Or Rent Your Property

    5. Loan Reinstatement

    6.try To Get A Higher Short Sale Offer With An Investor

    7.file bankruptcy (will Buy You Some Time until it is discharge) (LAST RESULT ALWAYS)

    8. If Foreclosed On Credit Repair Is The Answer
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Feb 17, 2008, 08:22 PM
    In the end they don't have to accept a short sale ( I often think some are crazy for not doing it) I have a real estate license but don't do a lot with it, but have helped with about 10 short sale offers in the past 4 months, not a single one was accepted, a few were less than 5000 short, one was only 3000 short. The lender told me personally they would rather foreclose than accept the short sale, they said they could always sell it thierself latter.
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