Probate Personal Representative Short Sales House in Lutz, Florida
It’s hard enough when a loved one passes away to deal with their estate but did you know that when there is real estate involved in an probate estate, the probate cannot be closed until the real estate is transferred to the heirs. What happens when the house is in foreclosure and the heirs don’t want it? Well, you need to do a short sale and sell the house. If you don’t, it could take the bank years before they complete the foreclosure action stopping the family from having closure.
Sell Fast Realty recently helped a Probate Personal Representative short sale a property. It was simple and easy to process the short sale as the original short sale package wasn’t needed. All we needed was the death certificate of the individual along with the letter of authority from the personal representative. This personal representative tried for a long time to sell the house but no one wanted to buy it.
Sell Fast Realty, Kimberlee Frank and Linda Trimpey, was able to sell the property after a couple of buyers and a few hiccups with delays from the bank. The first buyer couldn’t wait until we received the approval letter and backed out of the purchase. The following day we received the approval letter from the bank. The buyer didn’t care and had moved on. We found another buyer with the exact terms (price and closing costs). The bank then decided to other another value on the property. The negotiator countered the buyer’s offer. However, I provided the new negotiator with the approval letter. He said that it didn’t matter and he wasn’t going to send it to the investor for review. I informed him that the bank was receiving $4,000 more but he said it didn’t meet the investor’s guidelines. He also added that the bank wasn’t going to pay the homeowners association dues and pay the personal representative fee. I said this is ridiculous. I called two different supervisors and after I called for 7 days straight and emailed every contact I had at the bank, I finally got to speak with a supervisor who said “it is approved as is – with the same terms from the first buyer.” The Probate estate did not have to pay any money for a deficiency judgment nor did they have to pay for Sell Fast Realty’s commission. The Personal Representative received $500.00 in order to process the sale. The probate can now be closed and the family can have closure.
If you know anyone who has a Probate estate and needs to sell their property in Central Florida, call Sell Fast Realty at 407-888-3433 and we will be happy to help. Or, if you are a Realtor and need help with your short sales, go to www.ShortSaleNegotiating.com
God Bless,
Kimberlee Frank
407-888-3433
Kimberlee Frank Broker Short Sale Expert
407-888-3433
Kimberlee Frank is known as “The Real Estate Junkie,” for her unique ability to find ways to creatively help buyers and sellers no matter which direction the real estate market is heading. Kimberlee had already worked as a legal administrator for an Attorney, Builder and Broker for 18 years when she began her Real Estate career in 1998. She dotted the i’s and crossed the t’s on hundreds of real estate transactions and thousands of documents, making her an expert in real estate documentation. Kimberlee’s success began in Fenton, Michigan. She specialized in selling, purchasing, renovating, retailing and lease optioning single-family homes. She has helped many sellers get rid of their “headaches” and helped many buyers find their dream homes!
Since 2003, she has specialized in foreclosures and short sales. After realizing how many families were being forced out of their homes due to financial difficulties, Kimberlee had a heartfelt obligation to use her experience to help those families. She has mitigated and closed over 500 short sales with the mortgage companies, saving Sellers from going into foreclosure. In 2006, Kimberlee and her family moved to Florida. She lives in Oviedo and her Sell Fast Realty Office is in Winter Springs, serving residential and commercial sellers and buyers in multiple counties in Central and Southern Florida.
Kimberlee is also a Trainer and Mentor and has created several different “How To” systems on real estate. Her unique strategies continue to educate real estate professionals across the country. If you have a proven system to help others out of hardship, why wouldn’t you duplicate it and share it with as many people as you can? Kimberlee continues to work with this philosophy!
Kimberlee Frank has been featured on ABC, NBC, FOX, CBS as well as Wall Street Journal, Newsweek, USA Today and numerous other publications. She is the bestselling author of “Big Ideas for Your Business” (Advantage Media 2009). She was also selected as the #1 Short Sale Expert by America’s Premiers Experts.
Please contact Kimberlee at her office at 407-888-3433 to schedule a Free Facts About Foreclosure Seminar. She has numerous testimonials from sellers, buyers and other real estate professionals who are familiar with her giving heart. Whether it is 1 person in need or 1,000…..Kimberlee will educate them on real estate and give them a solution with a peace of mind!
Are you unsure what to do with your house? Do you need to educate yourself about your options. Click the following link Free Facts About Foreclosure for more information.
God Bless,
Kimberlee Frank
407-888-3433
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Tagged with: avoid foreclosure • bank mistakes • closing costs • commission • deficiency judgment • florida • foreclosure • homeowner • Kimberlee Frank • linda trimpey • lutz • personal representative • probate • realtor commissions • Sell Fast Realty • short sale • stress of foreclosure
Filed under: Florida Short Sales • Posts
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