With approximately 1 in every 7 homeowners in the Sarasota, Florida in default on their mortgage, many homeowner's are considering a Short Sale as a possible solution to foreclosure.
Here are some Quick Points that determine if a Short Sale can be successful or a waste of time:
•1. The homeowner should meet the qualifications of a "Financial Hardship", as defined by their lender.
•2. The homeowner must provide their Short Sale Real Estate agent with all the documents requested, in a timely manner.
•3. The offer to purchase the homeowner's property needs to be close to fair market value.
•4. The buyer of a Short Sale needs to be patient. :)
•5. The listing real estate agent for the seller, should have Short Sale experience.
•6. The homeowner needs to cooperate with their Real Estate Agent and lender.
•7. The closing agent needs to correctly prepare the HUD and should have Short Sale experience.
•8. The lender should return calls and work towards making the sale come together.
•9. The value of Broker's Price Opinion needs to come in close to the sales price.
•10. The buyer cannot expect "unrealistic" contributions.
For more information on Short Sales, visit www.SarasotaFLShortSale.com . Troy Funk has earned his CDPE and SFR certification in Short Sale training and has successfully closed over 100 bank-negotiated sales in the Sarasota and Manatee maret area in Florida in less than a year. The Troy Funk Team consists of 6 professionals that work together to help facilitate Short Sales. Additional information on their team can be found at www.TroyFunk.com
The Troy Funk Team's service area includes: Sarasota, Bradenton, Venice, Bird Key, Lido Key, Longboat Key, Anna Maria, Bradenton Beach, Once, Palmetto, Parrish, Ellenton, Lakewood Ranch, University Park, Nokomis, Osprey, Englewood, and North Port, FL.
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