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5 important tips for seller success with a short sale
Over the past several years, short sales have plagued our market with horror stories and lack of seller and buyer confidence for success.  It has been slightly reassuring however to see what used to be a seller described ‘nightmare experience’ evolve over the years into a ‘slightly more tolerable but still frustratingly slow experience.’  Short sales are thankfully on the decline in stronger markets, and have much less negative influence on market values than they once did.  That being said, they still exist and will continue to exist for many years to come.  If you are an owner contemplating a short sale, you cannot do it on your own, literally.  Your lien holder will not allow you to engage in a short sale by owner.  You must seek professional help, and that is good news – embrace it!
  See an attorney first.  Specifically, see an attorney that specializes in dealing with distressed properties and short sales.  Have the attorney review your financial history and credit picture.  Make sure that you provide the attorney with all the information they are requesting from you when you meet, they are there to help you determine the best option for your circumstances.  The more ... more

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