Archive for the ‘Answering Questions’ Category

What’s It Like To Work With Interbank When Finishing A Short Sale?

Friday, May 25th, 2012

Hey, I am Josh and this is Sarah. We run the Pomerleau Team with Keller Williams. We’re Minnesota’s leading short sale team. We have around 700 videos in regards to the short sale process, totally different banks and answering questions that lots of people have. If you’re contemplating doing a short sale, check out our short sale calculator which is in our tool bar. Put your property and loan info and it will assist you resolve if a short sale is correct for you.

We’re speaking about Interbank today. We’ve been just a little hesitant to place them as a bank topic just because they haven’t been very flexible or good to work with as far as the short seller side of things. I just wish to put some data on the market should you happen to have a first or second with Interbank. We’ve been seeing lots of seconds and with the smaller banks, where they are actually holding tight to not settle the mortgage at a low amount.

We can run into some resistance with Interbank, and we can see why but we are simply going to do the best we are able to to get something worked out for you and it better be a greater possibility than foreclosure. I am not a lawyer or something but through the short sale process, we are going to get 6 to 10% of the principle balance owed in your second mortgage from the primary mortgage to help release their lien. So it can be a win in a short sale state of affairs instead of foreclosing. That additionally provides us the opportunity to work a settlement out.

Once more we’re Josh and Sarah with the Pomerleau Team, considered one of Minnesota’s main short sale teams and we’re right here to help. If in case you have another questions or you just need to speak about your scenario, give us a call or come to our website, shortsaleshift.com and click on on the start button, put your information in there and we’ll get back to you as quickly as possible. Thanks and we’ll speak to you soon.

For more information on short sales and how to avoid foreclosure, or you can also and get started today.

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