561-352-3056 www.treugroup.com Wellington real estate agents helps Wellington homeowners avoid foreclosure.
Is a Short Sale right for you on your Wellington home? Have you been in loan modification limbo? Are you facing foreclosure on your Wellington home? There is a proven process that can help you get results.
So let’s start with some basics. What is a “Wellington Florida Short Sale”? It is a term that has been common place for the last 5-6 years in Wellington, and it’s simple, not easy. A Wellington FL short sale is when a seller owes more on their home than it will sell for in today’s real estate market, so they ask their lender will accept less than what they owe them.
Is a short sale on your Wellington home right for you? Visit http://shortorstay.com/thetreugroup/ for your free short sale calculator. This is instant and a great tool for your Wellington home.
Why would a Wellington homeowner consider a short sale? There are many benefits of a short sale on your Wellington home. The seller is still the decision maker and the buyer negotiates with the buyer on the sale of their home first. Like a bank owned home a short sale seller still owns the property, so a buyer will present and negotiate an offer with the seller, not the seller’s lender. After there is an executed contract, the real work begins to get your Wellington Short Sale closed. The contract is subject to the lender approving the short sale.
What challenges would stop the short sale on your Wellington home and how to overcome them?
1. The value is off. The lender will be doing an appraisal or a BPO – Brokers Price Opinion on your Wellington home. There is a strategy to both hitting the price right as well as getting the value correct on your Wellington home. The Treu Group knows how to deal with this issue.
2. The buyer isn’t really qualified for your Wellington home. Your lender will review short sale applications based upon the solidness of the buyer. Cash buyers rule, then those with solid pre-approvals. Pre-qualifications go to the bottom.
3. There is missing paperwork. This is big.
4. The buyer and the seller don’t understand how long it can take. If there is PMI (Private Mortgage Insurance) it can take longer. Certain lenders take longer. We know what is realistic.
Other things to remember.
Time is of the essence. When the bank needs something on your short sale on your Wellington home, get it quickly. They will close the file if we miss a deadline.
The short sale process on a Wellington short sale can take several months depending on your lender.
All parties involved in a Wellington short sale need to have patience and the seller needs to make sure to hire an experienced Wellington short sale agent who has excellent communication and negotiation skills. Sometimes the Wellington short sale agent can mean the difference between receiving a closed or foreclosed.
Here are a few questions to ask?
1. When was the last short sale that you closed with my lender?
2. Do you have a hi-level contact with my lender? (I’ll even show you it on my cell phone)
3. What is your system like to get my short sale closed?
4. Who is negotiating your Wellington Short Sale? This is huge.
We are here to help you get your Wellington short sale.
What do other Wellington homeowners say about us? Visit www.igetitsold.info
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