DO I stay or Do I go???? What do I do when I'm doing a short sale...the ANSWER from Delands Short Sale Specialist

By
Real Estate Broker/Owner with Aparo-Griffin Properties Inc

We have helped many many folks facing forclosure and MANY MANY times we get asked ...should I leave, I've missed one payment??

There are some that have an uneasy feeling about staying because "they are NOT paying their mortgage."

 

Let me say that "staying" helps and here is why...When you move out during a short sale many times the home is left to be broken into, the pool turns green and in florida if the AC is NOT running then you get into mildew issues and problems, not to mention the grass gets high and then the city imposes "CODE ENFORCEMENT FINES," here is Delightful deland they can be $250 PER DAY for each day the grass is TOO HIGH.

 

So take a deep breath and dont' get all worked up about having to "MOVE" as soon as you miss that first payment. Your helping preseve the condition of the property and helping to make it easier to sell by staying.

Some lenders thru the HAFA program are offering relocation assistance of up to $3000 but it has to be your primary residence so of course YOU HAVE TO STAY and MOVE when it's sold.

So should you stay or should you go?? It makes everyones life "easier" if you can stay until the property is SOLD.

For more information on Short Sales contact Kathy Aparo Griffin  Broker Aparo Griffin Properties, Deland's Short Sale Specialist.

Comments (4)

Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

I also recommend seller's stay put through the short sale process.

Kathy as Feb 01 2011 HAFA no longer requires the seller to stay.

Here is a link to the new changes. http://dl.dropbox.com/u/13209480/HAFAupdate.pdf

Jan 28, 2011 03:56 PM
Kathy Aparo-Griffin
Aparo-Griffin Properties Inc - De Land, FL

Sidney Thanks for that update so now it's 12 months rather then the 90 days...GOOD information..I do find that it makes EVERYTHING easier if they stay..power and water are on for inspections etc etc..lawn well kept, no mold, no green pool...I could go on and on..thanks again!!!

Jan 28, 2011 04:20 PM
John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

You wrote a good blog post Kathy.  Thank you for sharing your thoughts! --JM

Jan 28, 2011 04:56 PM
Kathy Aparo-Griffin
Aparo-Griffin Properties Inc - De Land, FL

Thanks John! I really do get asked that ALL THE TIME! :)

Jan 28, 2011 05:06 PM