There are three possible ways of setting up negotiations on your short sale in the Salt Lake City, Utah area to stop foreclosure.

The first way is you doing the negotiations yourself. As a homeowner you have the right to negotiate your own short sale. Hopefully you already read my article on starting the short sale process in the Salt Lake City, Utah area. In that article I talk about getting your short sale packet together so that you may present it professionally to your mortgage company. Once they have your packet, you will probably be assigned a negotiator. These negotiators are your friends. They are acting as a middle man between you and the mortgage company. If you can convince them that the short sale is the best route for the mortgage company to take, then they will convince the mortgage company for you.

The first call to your negotiator should be about three days after you have faxed your short sale packet to them. This first call is mainly to make sure that you have everything submitted that they need to proceed. At the end of this call you either fax the information that they said that they needed and then call again in three days, or you wait a week and then call your negotiator again. Persistence is one of the keys to a successful short sale so you should plan on calling your negotiator about once a week.

The next thing that you will want to do is get an offer on the house. Having an offer, the bank will take you more seriously on your short sale. You can advertize your short sale on craigslist or KSL, or any other similar site. If you want a quick offer to get things moving you can contact an investor, explain your situation and what you have done and they will be glad to help you. If you are having trouble finding where investors hang out, I can get you in contact through my website.

The second way to start negotiations with the bank is to let a realtor do it for you. There are many realtors who have experience in short sales, but they can not guarantee you an offer and your house will probably still go into foreclosure. If you do decide to use a realtor then I would suggest going to craigslist, under the real estate for sale, and find a realtor who has a lot of ads for short sales on there.

The third way to start negotiations on your short sale is to contact an investor and ask them if they have a realtor on their team who does short sales. The investor/realtor combination on your short sale presents the best situation for stopping foreclosure. The investor will put in an offer on your house so that the bank will know that you are serious about stopping foreclosure with a short sale, and the realtor will be able to do the negotiations without worrying about getting their six percent commission. The realtor will be compensated for their work in other ways that has been worked out with the investor. Lowering that six percent commission will make your short sale more likely to succeed. I can also help you find an investor realtor combination that specializes in short sales in the Salt Lake City, Utah area through my web site.

I am here to help all go well with your short sale in the northern Utah area.