Is your loan modification with your lender not working?
Another Short Sale Success Story
From listing to finish this short sale only took 105 days! Most of the waiting was on a buyer and not the lender this time. The home went on the market in May . Didn't contract until August and closed September third!
In the short sale process the sellers have to turn in to the lender:
2 year tax returns
2 60 day bank statements
A letter of distress/hardship
A financial statement of your bills
A statement of any liens or judgments
Once this is done (it is not that hard to gather these items!) the seller can submit an offer from a buyer for less that what they owe on the home. If the bank accepts the offer they take over all fees from the brokerage, taxes and any HOA liens. They will not pay for the HOA resale certificate so this is the only fee the seller may have to pay, unless the buyer agrees to pay for it.
Short sales are also sold AS-IS no repairs can be made by the lender or the seller.
So if you have a distress situation such as :
Divorce
Job Layoff
Illness
Unemployment
You may qualify for a short sale on your home even if you are working on a loan modification!
Please call me for a FREE confidential consultation
I close an average of 5 or 6 short sales a year, even in a sellers market! I have most with most lenders big and small. If you are experiencing any of the above situations I can direct you if you are behind on your mortgage and your loan modification with your lender is not working!! ` Tracy Lee
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