I read an article on FloridaRealtors.org this morning entitled "Banks Giving Agents Short Sale Leads?". In a nutshell, more and more lenders are giving short sale agents leads for sellers who may be open to the idea of short selling their home rather than be foreclosed on. What this means is that these lenders have been in contact with home owners and asked them whether they were open to the idea of a short sale. If the owner is open to the idea, the lender would then get in touch with a local short sale agent who can help the seller through the process.
I think this is a great thing for our industry for a few different reasons. Lenders are starting to open up to the idea of short sales more and more. If they are more open to the idea then, hopefully, they'll be easier to work with during the process. Maybe they'll be more apt to cancel the foreclosure sale if they are the ones who presented the idea of a short sale, who knows.
There are many ways this could make things easier on the seller and their agent. In some cases the lender already knows what they want in regards to the sales price. The BPO is already done and all that's left is to find a buyer and sell the house.
It can't be that easy you say? Well, I beg to differ. I have a buyer who is under contract on one such short sale right now. We haven't closed yet, so cross your fingers for me. But so far so good. It was marketed as an approved price short sale. We offered the approved price and now we're working toward closing (hopefully within a month of the effective date). It's a win win if you ask me. It helps the lender, seller, buyer and agent. You can't beat that.
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.
No comments:
Post a Comment