Orlando Florida Short Sale Expert - Price: free in Longwood, Florida

 
Contact Mark Alan Adams PA at 407-617-xxxx or visit our Orlando FL short sale video blog at http://OrlandoShortSaleExpert.Info today.
Orlando, FL ? The biggest reason people short sale their house is to avoid foreclosure. They cannot afford the house anymore and the bank has said they will foreclose soon.
If the short sale is not successful, then their lender will foreclose on the house. We at the Sold Home Solutions Team at Keller Williams have successfully closed short sales for several years.
If you are thinking about short sales, make sure you hire a competent, experienced short sale expert. A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property?s loan.
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We?ve made it our business to know what we are doing. But, we see many agents that have no clue about short sales (or the short sale process) listing short sales.
This gives short sales a bad name. Many agents have been involved in short sales where the listing agent didn?t know what they were doing.
Because of that the short sale wasn?t successful and that agent and their customer wasted time. In the future they are going to think twice before showing a short sale. This hurts other short sale sellers.
It really gets on my nerves that people who don?t know what they are doing can ruin it for everyone else. If you are thinking about short selling your home, make sure you hire a competent, experienced short sale agent. MAKE SURE THEY HAVE DONE AT LEAST 20 ALL BY THEMSELVES.
(A competent, experienced agent will be successful at 80-90% of all the short sales they take on as the national average is 30%.)
Here are a few of the things that agent should avoid.
1. Submitting multiple offers to the short sale lender. Only the best offer should be submitted. A confused mind says no. Most short sale negotiators have between 50 and 200 short sale files on their desk.
To ask them to weigh the benefits of 3 short sale offers on just one of those 50 files is probably more than their brain can handle.
It?s just that a human brain can only handle so much information before it stops working.
2. Realtors submitting incomplete paperwork to the short sale lender. There is a method to follow. Every good short sale realtor understands stacking order, and the importance of easy to read paperwork.
3. Submitting low offers to the lender. All this does is waste time. If a lender is not likely to accept the offer, then don?t waste 45-60 days negotiating it with them.
Get an offer at (or near) fair market value and submit that to the short sale lender. That helps avoid wasting everyone?s time.
What is an Orlando Short Sale? A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property?s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.
Thinking about short sale? Contact me for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Call me directly at 407-617-xxxx or fill out our short sale inquiry form HERE.
Mark Alan Adams is a Real Estate Broker at Keller Williams Realty.