Northwest Houston, Cypress and Spring real estate and homes for sale in Texas - The Kay Townend Team, REALTOR® The Kay Townend Team REALTOR(r) for Northwest Houston, Cypress and Spring, Texas real estate - NUMBER1EXPERT™ The Kay Townend Team NUMBER1EXPERT(tm) for Northwest Houston, Cypress and Spring, Texas real estate
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The Kay Townend Team, REALTOR®, real estate agent and broker for Northwest Houston, Cypress and Spring Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
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From Our Affiliates: Northwest Houston, Cypress and Spring Texas home buying, real estate listings, and homes for sale in Harris County, TX
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Real Estate Tips
Short Sales >5. What If My Lender Refuses My Short Sale Request?

The most common reason for a lender to refuse a short sale request is loss. That is, the lender will refuse a short sale if their calculations suggest that they will lose less via a foreclosure. If this happens to you:

Step 1: Demand a written letter from the loan servicer explaining exactly why the request has been denied.
Step 2: Figure out and write down the projected losses you’ll experience if the home is foreclosed on as opposed to sold as a short sale.
Step 3: Notify the company handling the loan that if the house is foreclosed on, you will be suing them for the damages you documented in Step 2.

If you follow this procedure, you should be in the clear either way. Either your home will be sold as a short sale like you previously wanted, or you will have the potential to regain your losses after foreclosure from the lawsuit. Your best strategy for navigating the short sale process is to work with a qualified agent who can assist you. The agent will help you work through the process and/or any contingency plans.

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Real Estate Trivia
Q 
What took over 30,000 workmen to construct and is considered the second largest palace in the world?

A 
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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The Kay Townend Team, REALTOR®, real estate agent and broker for Northwest Houston, Cypress and Spring Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Townend Team
RE/MAX VINTAGE

http://www.REMAXVintage.com
10130 Louetta Road, Suite J
Houston, TX. 77070
Main office: 281-376-9900 Ext. 111
800-260-9240 Ext. 111
Fax: 281-320-5830
Direct office: 281-205-1888
Email: Kay@KayTownend.com

The Townend team brings a combined wealth of experience. Practicing real estate in Houston since 1980 and Top Producers in listing and selling residential real estate. We list and bring buyers for over one hundred and twenty homes each year in your area. When you hire the Townend Team, you get the benefit of all those years of experience. Call or email us today!


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