First and Foremost, Hire a Professional who is experienced in selling Short Sales.This is not always so obvious but oh so true. Years and years of Real Estate experience is great for the general practitioner but not if you need to save your home from foreclosure. This is what can happen when you don't hire a professional Short Sale Realtor:

• The home will be priced inaccurately. I've seen many listings when I'm searching for a Buyer who is looking at Short Sales and the List price is either too high, perhaps trying to cover a mortgage (clueless in their attempts) or priced too low as using the bait and switch tactic or worse yet, the home has been on the market for months with no adjustment in price. Clearly an uneducated Agent. I'm not trying to bash other Agents but they should stick with what they know or at least educate themselves on the Short Sale process
• Multiple offers will be accepted. Madness when it comes to Short Sales. This only muddies up the process with the Sellers Lender who will really mess up the file and perhaps be more inclined to delay the approval in hopes of a better offer if they see so many offers flying in on the fax.
• The Buyers offer will be denied by the Seller's Lender and the Agent won't know how to negotiate for Lender acceptance, resulting in foreclosure.

Second, make sure your situation can be documented. Tell the truth of your particular circumstances.

• If you have a Hardship, make sure that you can support it with documentation.  If you don't have a genuine hardship don't try and fudge one to gain approval; your Lender may still agree to a Short Sale if you present your circumstances.

Third, be prepared to supply documentation when needed. Your timely participation in providing the required supporting documents is critical.Do not expect the Realtor to have to chase down the required documents. Without documents there will be no approval.

Fourth, if you're living in your home that is being sold as a Short Sale, keep it neat! If a home needs to be sold, the better light it appears in the quicker the Buyer's offer will come.

Lastly, think positive! If you've done the above, there's a fabulous chance of avoiding foreclosure!

The more you know, the better prepared, the better the outcome.

I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Tamarac and Sunrise in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor and CDPE Certified Distressed Property Expert ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

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