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Yes that is a key point for my clients. One of the challenges a short sale seller faces is the possibility of the lender coming back years later to collect the deficiency on the original loan. One of my jobs and challenges as your agent is to get in writing that your lender will not seek a deficiency judgement and release the borrower (you) from further obligation therein, and waive all rights to pursue further judgment or deficiency. This is a key point when negotiating my clients short sales and should be a key point for you as short sale seller. Do not settle for less! Without that in writing you will be vulnerable to the lender coming after you seeking payment in full.
I am an expert at helping St. George Utah homeowners negotiate their way through the complex and time consuming short sale process. I have a proven track record and average a 100% close ratio on the short sales where I represent you, the seller. The great news is my experience and services cost you nothing. I negotiate 100% of my costs and commission with the lender. Please interview me for the job of helping you to get through the very competitive St. George short sale real estate market. Contact me for more information or to answer any of your St. George Utah Short Sale Real Estate questions. Please take the time and page for St. George Seller’s and take a look at the latest St. George Utah short sale real estate legal forms for the St. George Utah short sale seller.
From a Realtor’s view a short sale is a complicated transaction that requires special skill sets and knowledge. St. George short sales average 25% to 27% of our active listings. That accounts for at least 3 times the amount when compared to St. George foreclosures. Even though the chances of closing a short sale is less than that of a foreclosure or traditional real estate sale they apply downward pressure on prices of homes that have much better odds of closing.
No two St. George short sales have been alike, the rules are ever changing and the rules of business vary with the different lien holders. The buyer or the seller can cancel the contract at any time prior to 3rd party approval for no reason or to bump for a better offer. The short sale home can legally remain active on the St. George Board of Realtors MLS and have several offers in place. The time line for a short sale in St. George varies for the seller, it can be as long as one or more years from beginning to end or as short a 90 days. A buyer with good timing and an aggressive real estate agent can get a short sale in Southern Utah done in 30 days or less. As a general rule a short sale in St. George is a challenge and worth exploring under certain circumstances and direction from a expert in Southern Utah short sales.
There are as many different reasons a seller might consider a short sale as there are short sales. In Southern Utah and St. George one out of every four homes for sale are short sales! The approach to getting your home sold as a short sale will vary with each and every case. If certain conditions are met you as a seller may be eligible for Federal Government help in the form of HAFA. Contact Walter for any questions regarding the HAFA program.
Many homeowners may feel that they can no longer afford their St. George Utah home, but want to avoid the negative effects of foreclosure. The Home Affordable Foreclosure Alternatives (HAFA) Program offers homeowners, their mortgage servicers, and investors an incentive for completing a short sale or deed-in-lieu of foreclosure. With these options, under HAFA, a homeowner leaves their home to transition to more affordable housing and alleviate the mortgage debt they owe.
These options are available for St. George homeowners who:
There are banks ie Bank of America that have streamlined the process of their short sales and even reinvented the wheel and come up some proprietary programs for short sale sellers. Some of these include cash in the seller’s pocket. We have been successful in negotiating cash to the seller at close to help them vacate and get a fresh start.
Call me today so I can give you a private tour and show you the inside of all the short sale homes for sale in Washington County in less than two hours! I can show you any home for sale from any company anywhere in the city. Then you don’t have to keep searching for open houses on the weekend. We can go anytime you want. Let’s get you out there.
Call me today so I can give you a private tour and show you the inside of all the homes for sale that meet your criteria in Washington County in less than two hours! I can show you any home for sale in the St George area listed by any company anywhere in the city. Then you don’t have to keep searching for open houses on the weekend. We can go anytime you want. Let’s get you out there.
Contact me and I can help get you fully qualified because when you find that perfect home in southern Utah you will want to be ready to write the offer on your new home. You do not want to lose your dream home because someone had a strong qualification letter from their lender showing that they are capable of purchasing the home. Contact me and I can help direct you to the lender that will do the best job for your particular situation.