Tuesday, September 15, 2009

Succesful Short Sales

10 Steps to a Successful Short Sale

1) Have a name and contact number at your mortgager.
2) Provide your bank with a proven hardship letter.
3) Make regular downward price adjustments to your list price.
4) Get any offer!
5) Submit offer, listing agreement, listing history and HUD statement.
6) Bank performs a Broker Price Opinion to determine value.
7) Confirm that there is a debt forgiveness with no judgements.
8) Be ready to wait, must have patience.
9) Keep the buyer fully informed.
10) Work with a qualified closing agent and title company.

Provided by John Holbrook - Realtor
Prudential Chaplin Williams Realty
Amelia Island, Fernandina Beach, Yulee Florida 32034

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