Question 1: How many loans are on the property? Each loan must get a short sale approval. The more loans, typically. the longer the short sale approval process. A listing agent armed with this information can better manage the buyer’s expectations of closing time frame. Good luck short selling!!
One question to ask when deciding if you should make on offer on a short sale property is, how deliquent is owner to the Association. Many times the short sale lender will only pay 12 months of the past due amount, which means if the association won’t agree to reduce to the same amount, the parties […]
Have you missed out on 40% of the housing sales? You sure have if you haven’t added short sales to your listings portfolio. Smith & Associates takes the uncertainty out of short sales by handling the approval negotiations for FREE!!! Ask today how we can help you make 2012 your highest commission year.
Credit impact is a number one concern for short sale sellers. There is no specific reporting for short selling but when the account is reported closed settled for less than full value, expect a 50 point decrease.
I am partnering with CDPE and the Realtors Association of the Palm Beaches on February 9 & 10 teaching about short sales and marketing to increase commissions. Email me and I will send you the information about the event and discount code for CDPE certification!!
Every short sale practitioner should be preparing to help the thousands of struggling homeowners get out of their overleveraged home. 2012 is the last year for the tax exemption so the word needs to spred. Help you neighbor and get full commission for you good deed. We can help. Ask us how.