cdpe: The 5 Stages before a Short Sale is Considered
- 01/13/12 11:06 AM
The 5 Stages before a Short Sale is Considered In my daily readings I came across the writings of Twyman Towery PhD., where he noted the various stages of change and how it compares to grief; it is on the mark for what a distressed Seller experiences prior to listing their home to sell as a Short Sale. DENIAL: Our first reaction is to deny, rather than adapt to and embrace, the change in our life Our homes are our filled with memories and hopes this can't be happening to us. ANGER: Once we realize we cannot stop the change we become angry that … (12 comments)
cdpe: South Florida Short Sale approval in 14 days!
- 10/25/11 11:01 AM
South Florida Short Sale approval in 14 days! It's always nice when a Short Sale is approved in a quick time period, such as 14 days, AND the Seller is relieved of any deficiency balance of their outstanding mortgage balance. I just love it when the South Florida Short Sale plays out like this as does my Short Sale Seller. Imagine the joy when my customer heard the good news - they were thrilled. They're glad that this chapter of their life is about to be over so they can get on to better days ahead and there will be better … (3 comments)
My exasperation and disbelief has hit me again as I search for homes for my Buyers to view only to run across Short Sales that have been listed for months on end at their initial List Price. Perhaps this can clarify the importance of watching over a Short Sale Sellers List price: Traditional Seller - Typically does not necessarily have a set time to have to be moved out. Can wait an indefinite amount of time to get their List price (asking) price. There's … (2 comments)
So you want to buy a Short Sale - are you sure? Short Sale Buyers have all kinds of expectations of a Short Sale home; some true, some not true.
What do you need to know when you're buying a Short Sale? You can't be in a hurry. If you have a deadline to be out of where you're currently living in 45 days, for example, don't look at homes being sold as Short Sales. It's possible that you can make that move in deadline, yet it's not a sure thing. I've had Short Sale … (3 comments)
cdpe: Why Short Sales fail or better yet Why Short Sales succeed?!
- 06/24/11 09:24 AM
Why Short Sales fail or better yet Why Short Sales succeed?! I'm always hearing or reading about failing Short Sales. I don't know about you but I like to view the glass as half full and not half empty.
Sure there are reasons why a Short Sale can fail yet isn't it better to inform Sellers, Buyers and Agents that Short Sales can succeed. This puts the Short Sale in a whole different mindset which is one of winning and not losing. As Real Estate Agents, we can all begin by assuming that a Short Sale can close. Have you … (5 comments)
cdpe: "I won't show my Buyers a Short Sale"
- 03/30/09 02:47 PM
What? Yes, there are Buyer's Agents with this mentality running rampant. With all the talk you hear of Code of Ethics within posts, I would say a Real Estate Agents's ethics would be questioned if they do not show Buyer's listings that are marked as a Short Sale. I was fortunate enough to benefit from receiving a customer recentlly who found me on line because she wanted to look at Short Sales and her Agent wouldln't show her any Short Sales. Yes, you heard me, the Agent wouldn't show her any Short Sales. This is wrong, dead wrong. Points perhaps taken … (26 comments)
Sometimes I wonder if I would love doing Short Sales if there weren't for the curve balls. I wonder what that says about me?! It must be the challenge that I love; the point at which you come to a screaching halt in the Short Sale approval process when somebody or something says "no". Well, it has happened on a recent Short Sale here in Coral Springs. I had received written approval from the Seller's Lender for the sales offer, the Buyer's inspection … (25 comments)
cdpe: Coral Springs CDPE Certified Distressed Property Expert
- 03/26/09 05:54 AM
I recently earned the designation of CDPE - Certified Distressed Property Expert. I have chosen to do all that I can to help out the distressed homeowner save their home from foreclosure; I do this by listing their home for sale as a Short Sale and selling it prior to the home being foreclosed on. I do not charge any fees up front to get the home sold as a Short Sale as I earn my commission that the homeowner's Lender agrees to pay at closing. I have had a great rate of success in all of my Short Sales as … (0 comments)
Consider a Short Sale, a Short Sale is when your Lender agrees to accept less than what is owed on your mortgage. As a Coral Springs Realtor, I specialize in Short Sales and have helped many a distressed homeowner avoid losing their home to foreclosure by selling their home as a Short Sale. I do not charge a fee to sell your home as a Short Sale. I earn my commission, that your Lender agrees to pay, when your home is sold. I … (0 comments)
A Short Sale is better than a foreclosure. True or False? TRUE: A Short Sale will lessen the adverse effects to your credit and put you in a more favorable buying position for the future. In fact, FHA guidelines will consider a Short Sale borrower within two years of having the Short Sale. We all know how fast two years can fly by. 2. I must be late on my mortgage payment to qualify for a Short Sale. True or False? FALSE: These … (10 comments)
In the last Chapter 4, we learned what happens when you get an offer to purchase your home as a Short Sale: Short Sales for Sellers (Chapter 4) What happens when you get an offer to purchase. Now, the offer has come in and all required documentation has been submitted to your Lender. Now, you sit back and wait; WRONG! You sit back but your Realtor doesn't. The fun is just beginning! Now we are in the negotiation phase of a Short Sale. This isn't for the faint of heart or for those who don't like to push the … (6 comments)
cdpe: Short Sale for Sellers (Chapter 4) What happens when you get an offer to purchase?
- 08/22/08 11:44 AM
Your home has been on the market for sale as a Short Sale for a while now. In the last chapter we discussed Selling your Home as a Short Sale. You've had some steady showings and are anxiously awaiting for an offer as you continue to miss your mortgage payments. Another busy day has passed you're sitting at the kithen table and your phone rings; it's your Realtor...she informs that an offer has come in on your home. Finally! WOO HOO!... now what? 1. Remember all the documentation that your Realtor asked you to gather: hardship letter, paystubs, bank statements, tax returns, income … (2 comments)
cdpe: Short Sales for Sellers (Chapter 3) Selling your home as a Short Sale
- 07/11/08 12:21 PM
You now have your home listed for sale in hopes of avoiding foreclosure. What do you do? Is there anything special in preparing your home for sale as a short sale? The guidelines and rules for selling your home as a short sale are basically the same as if you were offering your home for sale without it being a short sale. What do you need to do, as the homeowner? What does your home look like from the road? Remember the importance of curb appeal. You want to get the buyers to want to come in. Sometimes, however this may … (0 comments)
cdpe: Short Sales for Sellers (Chapter 2) You Qualify for a Short Sale, now what?
- 06/12/08 03:42 PM
In Chapter 1, we went over on how the distressed homeowner wanting to avoid foreclosure qualifies for a Short Sale. Now that it has been determined that you qualify for a Short Sale , what's the next step? Your case for why your Lender should approve a short sale on your behalf will be presented to your Lender by a skilled Short Sale Specialist. As a Realtor, representing distressed homeowners, I have to provide a good and solid argument to your Lender that is backed by market statistics, proof of your financial hardship and good negotiation skills. It's not for the faint of … (6 comments)
cdpe: Short Sales for Sellers (Chapter 1) Do you qualify for a Short Sale?
- 06/06/08 03:00 PM
So you're starting to hear more About Short Sales as a possible way to avoid foreclosure. But you're asking what is it and how do you qualify? Good questions. First let's look at "What is a Short Sale?" You may have heard this before but lets not assume that everybody looking in here knows the answer. We'll get into more detail shortly.
A Short Sale is when you receive approval from your Lender (Bank) that they will agree to allow a Buyer to purchase your home for less than what is owed on your home(mortgage balance). For example, You owe $300,000 on … (11 comments)
Coral Springs Realtor,Coral Springs Short Sale Expert, Coral Springs Short Sale Realtor, Coral Springs Short Sale Specialist, Coral Springs Florida Real Estate Agent, CDPE, Certified Distressed Property Expert, Foreclosure Options, Selling home in Coral Springs, Selling house in Coral Springs, Coral Springs Homes for sale, South Florida Real Estate Agent helping Home Sellers and Buyers in Broward, Palm Beach and Dade counties. Keller Williams South Florida Real Estate Agent
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The 5 Stages before a Short Sale is Considered
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