FLorida – The difference between success and failure for your short sale approval is the agent you will hire. If your agent doesn’t know and understand the short sale process than you are risking a lot. The lender could deny the short sale and foreclose the home and even worst may ask you to repay the loss.
When hiring an Short Sale Agent here a few question you should ask them:
Question #1:
How many short sales have you listed and sold in the past 6 months? The agent should have active or sold listing within the past 6 month. This gives you assurances that he/ she is up to date with potential issues. Agent should understand the short sale process from start to finish.
Question #2:
What lenders have you negotiated short sales with? This will help you to find out if the agent has already experiences and negotiated with your lender. Then the agent knows already the process and policies with your lender.
A experienced agent has already done short sales with bank of America, wells Fargo and Chase while those lenders are the most common short sale lenders.
Question #3:
Tell me about my lender and how they work? A knowledgeable and experienced agent can tell you what to expect with your lender. The agent will usually know the specifics about the process. As well they will know and honestly tell you if your lender is likely to ask for a promissory note or deficiency.
Question #4:
Can you tell me about the success and failure on short sales you have handled? This will show you the agent’s track record. If they are hard working and diligent, then they will have a strong track record. That is good news for you.
Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at info@FloridaConnectsInc.com . I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me in Fort Lauderdale at (954) 586-3930 or Tallahassee at (850) 364-3946.
Thinking about a loan modification? Our Fort Lauderdale loan modification kit has the instructions you will need to get a loan modification approved with your bank.
Thanks for reading this, Annett T. Block.
Annett is a real estate broker at Florida Connects Inc..
Tallahassee Phone: (850)364-3946.
Fort Lauderdale Phone: (954) 586-3930
Annett T. Block specializes in helping Florida Homeowners short sale their home. Florida Loan Modification Help, Florida Short Sales.Florida Short Sale Realtor,Florida Realtors,Florida Realty,Florida Realtor. Florida Short Sales, Florida Short Sale Realtor. FL Short Sales, FL Short Sale Realtor.
You must be logged in to post a comment.