Wendy Rulnik writes this new blog  "21 Questions to Ask The Short Sale Seller".   When homeowners need answers maybe these questions will help them in the process.   It is a very concise as well as an easy to read(quick) report.

Via Wendy Rulnick "Its Wendy!" Destin Florida Short Sales (Rulnick Realty, Inc.):

 Listing Short Sale 

 

 

Quick!  A potential short sale seller calls you to list his property.  What questions do you ask?  Here are a few to start the conversation....

1.       Who are the mortgage holders on your property?

2.       Approximate balances?

3.       Is your loan VA or FHA/HUD? 

4.       Do you have a hardship?  If so, what caused it?

5.       Would you prefer to keep the property?

6.       Have you tried a loan modification or other type of work-out?  If so, what was the outcome?

7.       If FHA/HUD - have you started any pre-foreclosure sale paperwork with your lender?

8.       Have you applied for the HAFA program?

9.       Have you consulted an attorney?

10.    Why do you want to short sale?

11.    Do you or have you ever occupied the property?

12.    Are your payments current?  If not, how many months have you missed?

13.    Do you have enough income to pay your all your monthly debt?

14.    If you are current on your payments, where are the funds coming from - savings or some other source?

15.    Are you current on association fees?

16.    Do you have other liens or judgments?

17.    Have you had a foreclosure notice yet?

18.    Who else is named on the mortgage or deed? 

19.    Do you have funds to contribute if asked by your lender to approve the short sale?

20.    Would you agree to pay a promissory note if asked?

21.     What questions do you have for me? Short Sale Superstars

For other tips on short sales, check out www.ShortSaleSuperstars.com.  There are almost 5000 members sharing information to help each other succeed with short sales.  Find out how to list them, how to sell them, how to save your sales and how to speed up your approval times. Join today - it's FREE!

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

REGrow, LLC

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy: itswendy@rulnickrealty.com

 

                                                                                                  Facebook WendyRulnick   Wendy Rulnick Twitter  Wendy Rulnick Blog Feed

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular:  818.516.4393

Office:  626.685.5246

Office Fax:  626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

 

 

 

6 Comments on 21 Questions to Ask the Short Sale Seller

NOV
23
2010
522,093 Points 6 Featured Posts

Great re post. I missed this one. Nice list of questions that I hear most of the time.
7:57am • #1
587,315 Points 58 Featured Posts Outside Blog Called Shot Master

Thanks Will.
9:01am • #2
1,334,651 Points 128 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Wendy does have 21 excellent questions to ask on that first phone call.

Margaret
4:22pm • #3
587,315 Points 58 Featured Posts Outside Blog Called Shot Master

Thanks, Margaret for the comment.  I agree....it's a great way to start the conversation with a client.
7:44pm • #4
424,630 Points 39 Featured Posts Hit Router Called Shot Master

Michael - Thank you for sharing the conversation :)
8:12pm • #5
587,315 Points 58 Featured Posts Outside Blog Called Shot Master

You are welcome, Wendy, the 21 points you shared were worth sharing.  Have a good one!
8:24pm • #6


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Michael Jacobs, Pasadena CA/SanGabriel Valley Realtor, 818.516.4393 cell

Pasadena, CA

More about me…

Coldwell Banker Residential Real Estate

Address: 2065 Huntington Drive, San Marino, CA, 91108

Office Phone: (626) 685-5246

Cell Phone: (818) 516-4393

Email Me

Your source for real estate representation in the San Gabriel Valley and northeast communities of the city of Los Angeles including: Pasadena, Altadena, South Pasadena, San Marino, Alhambra, San Gabriel, Temple City, Arcadia, Sierra Madre, Monrovia, Duarte, Bradbury, Azusa, Glendora, Claremont, Glendale and La Canada Flintridge as well as Highland Park, Monterey Hills, Eagle Rock, Mt Washington, Montecito Heights, Glassell Park and Sagamore Park.


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