Mount Dora Florida Lakes Of Mount Dora Short Sale Information
Our Short Sale Listing located at 2035 Bayside Drive in The Pringle Community The Lakes Of Mount Dora was SOLD by Coldwell Banker Camelot Realty. This home was on the market for only 51 days.
We have a weekly radio show on 790AM every Friday from 12 to 1 PM. Join us to learn more about short sales and other interesting real estate topics. Each week we are joined with a local attorney who answers your questions.
All of our short sales are processed by legal professionals that have been specializing in working with banks on getting short sales approved for years.
Our proven system helps Sellers and Buyers realize the best possible results in a short sale.
Frequently asked short sale questions:
1.) How long will it take to get an answer back from the bank?
The typical time is 45 to 90 days, but that can vary from lender to lender. We work with legal experts that know what they are doing and this typically reduces waiting time.
2.) What if there are two loans on the home?
It's a little more paperwork but we have closed several with two mortgages.
3.) Will utilities be provided during the inspection?
In most cases the utilities will be on. Occasionally the buyer will have to provide them.
4.) Who can buy a short sale?
Short sales cannot be purchased by family members of the seller of a short sale. Doing so can result in Bank Fraud.
5.) Are cash offers preferred over financing?
We can help you buy the short sale and even beat out cash deals if you are well qualified.
6.) My home is in need of repairs can I still sell it as a short sale?
Yes. We provide a complete report to the bank approving the short sale so they will allow for the repairs.
7.) Why is the bank willing to take less than what is owed on the home?
If the home is heading towards a foreclosure the short sale can reduce the loss incurred by the bank.
8.) I've tried short sales before and we were unsuccessful. Should I give it another try?
We have discovered that success with short sales requires a complete team to get the job done correctly. Many Real Estate Agents try to do everything themselves resulting in longer waiting times.
If you are considering a short sale or would just like to learn more I can be reached at 352-978-8551 or you can listen to my weekly radio show on 790AM every Friday from 12 to 1pm.
If you would like to learn more about our short sale strategies for buyers and sellers you can select the highlighted phrase.
Mount Dora Florida Lakes Of Mount Dora Short Sale Information
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