Indiana Short Sale Consultants are also called short sale negotiators. They do no fighting for the client but only present the paperwork and accept them back ensuring the client gets a good deal. They however solve your problem of negotiating with the bank hence reaching a quick sale settlement.
They work for the client representing him fully and not the bank. It at times appears as if they are on the side of the bank or that they are working together, it is usually you being represented. Unless you go to the table without a negotiator, they will always be on your side.
There are times when a seller feels like they do not need a negotiator. They deal directly with the bank in order to cut expenses and hoping the bank will guide them. It is very wrong to think this way; the bank will not be on your side and should not be trusted with helping you get a good price. They will end up giving you a bad deal sugar coated as a very sweet settlement.
Their mission is maximizing revenue. Letting them advice you is just opening the barns for them to take whatever they want. They will get what they want be it at the seller’s or the buyer’s expenses so do not be a victim at all. Short sale consultants will advice you accordingly and warn you of pitfalls to avoid. Their ethical standards in Indiana do not allow them to make money at your expense so always consider hiring one.
A negotiator works mainly to persuade the bank to allow the deal to conclude. The bank is convinced to do this at the least expense possible t o you. The headaches that come with the sale are all alleviated by the consultant. When you get a good negotiator, the deal will proceed and conclude smoothly at the best prices possible with minimal or no expense other than what you pay the negotiator.
In the sector, there are two types of consultants majorly. Some will ask for an upfront payment while others will want you t pay after the service is done. This also depends on your agreement with the consultant. In the state of Indiana, not anyone can negotiate for a short sale. One must be a licensed real estate agent or a practicing lawyer.
There are real estate agents who do quick sale negotiations for clients. They however avoid using the name short deal negotiator for fear of being sued. The line between practicing law and negotiating quick sales is very thin hence the fear. They will however advice you to seek legal and tax advice from the professionals so that you can be safe. They will keep consulting the client before making any decision as the deal progresses.
Lawyers who do short sale negotiations are in the second category. Good ones are those who practice law and have experience in real estate negotiations or have clerks with the experience. If not then you are just being taken for a rough ride. Indiana Short Sale Consultants with a law background and no real estate experience are not recommended.
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