A Short Sale Is Still Your Home Part 1

I've been working with a few homes owners on short sales who have sort of abandoned their homes and forgotten about them while trying to sell them. This has made the task of selling these particular homes a little tough. So I thought I'd put together a small list of things that can derail a short sale in it's tracks. This is part 1.

There are a few things that will, without a doubt, cause you some heart ache when selling your home as a short sale and could lead to you not selling it at all. One of those things is not paying the Home Owner's Association. This is something that most lenders will not pay. A Home Owner's Association can be a real snag when you're selling your house. Especially as a short sale. That association has to be paid by someone or they could put a lien on a property. That someone likely won't be your lender. We call this a deal killer.

So for your own benefit, keep paying those dues until closing so you don't end up having a problem with them. If you take the Vista Park Resort in Davenport, FL for instance. Their HOA fee is $602 per month. They provide a wealth of services in this community for the money, but that is still one hefty payment. At over $7,000 per year, that bill will add up very quickly if not paid. If you stop paying HOA fees while waiting on lender approval for a short sale a nasty surprise could be in store. The best advice is to keep treating your home like it's your home while trying to sell it. Good luck and happy selling!

Image courtesy of texas_mustang at Flickr

Search For Homes In Central Florida

Copyright © 2011 http://www.cflinvestmenthomes.com All Rights Reserved

Mortgage Assistance Relief Services Disclosure

Tutas Towne Realty, Inc is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
******************************************************************
Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

Posted via email from nathantutas's posterous