Fernando, how can I tell my Realtor can help me do a short sale?
This is probably the most important step by the seller: Choosing the RIGHT agent to represent you and do the job right!. The process of a short sale is complicated and time consuming. An agent that does not have the experience to do them will be better off referring that client to one that does. . .
A sign that your realtor isn’t the one to do a short sale is when they will ask you for the listing to be signed without any questions or verifications that you may qualify for a short sale.
Please understand this is a new industry for all Realtors. We have been forced to do short sales by the current sub-prime mess. Very few Realtor are even qualified to do one. A knowledgeable and experienced real estate agent will ask the seller to furnish a number of documents – closing documents, income tax returns, bank statements, paycheck stubs, in addition to other documents. All these supporting documents and your current situation will be scrutinized by your agent.
A foreclosure is looming on your record. . .you should make sure you have the right agent to handle your short sale to avoid it.
REMEMBER . . . You are trying to SAVE YOUR HIDE!
Demand good service. . . . your family’s future is at stake !
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