How do I qualify for a Short Sale?
To submit a short sale request, you need to have a hardship, a buyer, and the lenders require that you have the house listed with a Realtor. Your offer from your buyer, along with your financial information, is submitted to your lender for their review to determine if you qualify for a short sale. There are different types of short sale programs which I will discuss in other paragraphs in this Special Report. Many homeowners have been informed by their lender that they should sell their property on a short sale. However, many real estate agents aren’t even taught how to conduct a short sale or how to price the house properly in order to find a buyer. When you choose the wrong real estate agent, they never find a buyer or they aren’t able to short sale the property at market value and then your house goes to foreclosure. If you don’t have a buyer, then the lender will not even consider the short sale. At Sell Fast Realty, Our #1 Focus is YOU! Once we have your buyer, then you will have to provide the lender with a full financial packet and your short sale begins.
How severe does my Hardship have to be to receive a Short Sale?
First of all a hardship is a hardship. Many people right now have the same hardship reasons as you: reduced hours/pay at work, doctor bills, adjustable rate mortgages, insurance premiums increased, escrow accounts increased, divorce, relocation, two house payments, illness, etc. However, the lender is the only one who can qualify you or your house for a short sale. Having our team of short sale experts who know the in’s and out’s of short sale process will greatly increase your success in getting your short sale approved.
Do I need to be 4-5 months behind on my mortgage payments before the lender will even let me do a short sale?
No, you do not. I have started working with homeowners who were current on their payments but they knew that in the next 30 days they would be behind. The lenders need a hardship, so once you have a hardship and you have missed your first payment, then they understand that a hardship exists. However, the lender will typically start legal actions against you within the 4 to 5 month timeframe.
What’s the next step for me?
Take Action Now by calling us at 407-888-3433 or call the Sell Fast Realty Agent who provided you with this Special Report. You can also go online at www.SellFastRealty.com or www.freefactsaboutforeclosure.com/ and fill out the contact information. Please be sure to fill out the form completely for a quicker response. We will contact you personally within 24 hours to tell you how our expert short sale team can relieve your stress….. Our #1 Focus is YOU! I am honored that I can educate you with the true facts about foreclosure and we can discuss if you qualify for a Short Sale. I am sure you have some more questions after reading this Special Report and we look forward to discussing them with you on a personal and confidential call with you.
Kimberlee Frank Real Estate Broker & Short Sale Negotiating Expert 407-888-3433 www.shortsalenegotiating.comPost Footer automatically generated by Add Post Footer Plugin for wordpress.