As a Sarasota Short Sales Agent, I often have to guard my clients against "Short Sale Players" who are pretending to be "Sincere Buyers" of short sales in Sarasota, Florida.
These Short Sale Players are actually real estate investors who plan to resell the property the moment the short sale is approved. However, if they are unable to make a profitable deal before closing, they will often leave the seller high-and-dry; without a sale.
Real estate investors who engage in this practice are fraudulent; trying to win at a short sale game without any concern for the seller who may have lost "Sincere Buyers" while their property was taken off the market.
Even before a financially burdened homeowner decides to short sale, he/she may receive emails and letters from Short Sale Players, who are known to scan public records and find homeowners with mortgages in default.
Protect Yourself Against Short Sale Players & Short Sale Fraud
Homeowners who are behind on their mortgage and facing foreclosure are usually under a great deal of stress, and often not in the best frame of mind to distinguish Sincere Buyers from Short Sale Players.
Before you let anyone talk you into a short sale, make sure you speak with a qualified and experienced Short Sale Real Estate Agent who can distinguish Sincere Buyers from Short Sale Players.
Even when a seller lists a property with a real estate agent, he/she may fall victim to a Short Sale Player - if the agent is not experienced enough to distinguish Sincere Buyers from Short Sale Players. Therefore, it's very important that homeowners find a highly qualified and experienced real estate estate short sale agent to protect and guide them through the short sale process.
If anyone sends you an email claiming to reveal get-rich-quick schemes through buying and selling short sales, hit the delete button.
Troy Funk, CDPE, SFR, is a licensed realtor and short sale expert in Sarasota, Florida, who has helped hundreds of homeowners stop foreclosure with a short sale. (941) 365-8769 | Email Troy
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