short sales south florida: Short Sales in South Florida - more questions - 10/14/11 05:45 PM
How long does  a short sale take to process from listing date? 
As soon as you have a offer that has been accepted by the buyer and seller, it goes to the lender for review. The seller and their realtor should have acquired and organized all of the necessary documents, such as the hardship letter, 2 years of tax returns, financial statements, loan numbers, bank statements, check stubs so it can be easily submitted and then you should expect on an average from three to six months for an approval. If it happens sooner, smile. If it takes longer, have … (0 comments)

short sales south florida: Short Sale Questions in South Florida - Susan Penn's blog - 10/13/11 06:19 PM
Short Sales have been extensively used in Florida for homeowners and yet yesterday the Sun-Sentinel opened up to the public and spent an hour answering questions on short sales.
Who qualifies for a short sale?
Someone who has hardship, for example:
Job loss Business Failure Divorce Death of a spouse Illness Relocation Reduced Income Where do you find short sale listings?
On the multiple listing system with a realtor.
Can you have the lender forgive the difference between what is owed and the sale price?
Each short sale is different and each is evaluated differently. The lender will be the decision maker.
… (1 comments)

short sales south florida: Short Sales - Susan J. Penn's blog - Short Sales for 2011 - 01/01/11 09:34 PM
                   SHORT SALES - SUSAN J. PENN,PAShort Sales have become the new real estate frontier for 2010. Short sales have come as a result of the real estate bubble bursting and property owners seeing the markets pricing on their houses deflating. Short Sales usually occur when the homeowner is behind in their mortgage payments and/or other liens. The lender agrees to accept less than what is owned because the homeowner is experiencing a hardship.Susan J. Penn, PA has been helping South Florida buyers and sellers with short sales for the last three years. Susan J. Penn, PA has sold short sales with IRS tax liens, … (0 comments)

 
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Susan J. Penn, PA,CDPE,SFR

Weston, FL

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Address: 2000 Main Street, Weston, FL, 33326

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