Carrollwood Best Buys - Bargain Priced Carrollwood Homes - Carrollwood Real Estate

Click Here Please - Patience pays off - Shortsales for Sale in Carrollwood can be viewed here.

Shortsales can be bank approved in a timeframe anywhere from a couple of weeks to several months.  It depends on the mortgage company and the proficiency of the listing Realtor. 

In order for a shortsale to be approved, there has to be a definite hardship being experienced by the seller.  Seller has to provide a signed hardship letter, list of monthly bills and balances, last 2 years of tax returns, last 2 paystubs, last 2 months of bank statements, additional supporting financial information, such as IRS lien documentation.  Once the bank has received the seller's financial package as well as a legitimate offer, the bank orders a broker's price opinion or appraisal.  The bank then evaluates the snapshot of the home's and seller's situation.  If the scenario falls within their acceptable percentages, the shortsale is approved, possibly after the bank makes a counter offer.  The details of the shortsale approval will be laid out in the shortsale approval letter.  A seller may be well advised to have their attorney evaluate the shortsale approval letter as well as their accountant.

Please let me know if you have questions about selling a home by shortsale.

Please let me know if you have interest in purchasing a shortsale home.

Looking forward to assisting you,
Stephanie LeFew
Carrollwood Preforeclosures - Carrollwood Shortsales for sale on the MLS - Carrollwood Behind in Mortgage Payment Properties
Tampa Home Buy Realty
www.TampaHomeBuy.com
stephanie@tampahomebuy.com
813-624-3332 / 813-991-1355
Tampa Home Buy Realty