closing a difficult transaction: Well, I've Already Completed a "Short Sale" Pre-Foreclosure Years Ago and...
- 09/19/07 05:35 AM
I've already completed a transaction that ultimately turned into a "short sale" because the Sellers were less than open about being behind on their mortgage payments at the time that I listed the property. I should have know, though, b/c the property had a tree through the entire roof and was uninhabitable, so was suitable only for a cash Buyer. Hindsight IS almost always 20/20, though. Well, after my title company completed a preliminary title exam, I received a BUNCH of paperwork that indicated that those owners were in trouble; behind on mortgage, contractor's lien from the county, etc. That transaction was a year … (0 comments)
Orlando, Longwood, Winter Park, Maitland, Central Florida Areas-SELLERS/BUYERS; Sell A Home; Do You Qualify for Down Payment Assistance? BUYERS Pay NO Commission;Use a REALTOR!
CDPE/Certified Distressed Property Expert for Short Sales; Pre-Foreclosure Properties; www.WinterParkHomeFinder.com
www.OrlandoAreaPropertySource.com
I've already completed a transaction that ultimately turned into a "short sale" because the Sellers were less than open about being behind on their mortgage payments at the time that I listed the property. I should have know, though, b/c the property had a tree through the entire roof and was uninhabitable, so was suitable only for a cash Buyer. Hindsight IS almost always 20/20, though. Well, after my title company completed a preliminary title exam, I received a BUNCH of paperwork that indicated that those owners were in trouble; behind on mortgage, contractor's lien from the county, etc. That transaction was a year … (0 comments)
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