Tip for a successful short sale in Ocala

The elements of a successful short sale are generally these:

The property is worth less than is owed. The seller has some hardship that makes it impossible or extremely impractical for the seller to keep the property.

The seller is cooperative and willing to work with a real estate broker to package the short sale. The lender is contacted and expresses willingness to entertain a short sale.

The property is listed, with appropriate Realtor for the protection of the seller, properly priced, and effectively marketed.

The lender is presented with an offer, accepted by the seller, along with a completed short sale package and narrative explaining why the short sale is necessary and desirable.

The lender approves the offer and escrow closes as usual. No proceeds go to the seller.

These are the basic rules for a short sale. You will need a persistant Realtor to market and communicate with the bank. If the Realtor does not know how to work the process it could be a nioghtmare. I am a certified short sale specialist. I have taken many classes to understand the process and have closed many short sales in Ocala, Florida. I am always looking to help more home owners. For free information on if you short short sale your home call Rhonda 352-266-2637 or get my free Book at www.RhondaBuckner.com