I have a long list of questions for Wellington Florida Short Sale Listing Agents, which I always ask prior to even showing their listing. Why? I want to make sure I am not wasting my buyer clients time or mine showing a short sale that is no longer available or most likely will not close.
My standard questions have always pertained to the status of the property along with who the lien holders are.
However after a recent transaction I have now added ANOTHER question to my list, "Is the Seller current on their Homeowners Association Dues?"
If a short sale seller is not current on their homeowners association dues there is a good chance the homeowners association has put a lien on the property thus becoming another lien holder. So instead of the bank(s) possibly being the sole lien holder(s) there is now an additional lien holder who might make the short sale approval process even longer especially if the seller owes a large amount.
If you are considering purchasing a Wellington Florida Short Sale contact me today and I'll guide you through the entire process from start to finish.
Start your Wellington Florida Home Search now
Comments(8)