Re: Foreclosure/Short Sell Florida
Posted by steele in minnesota on June 20, 2007 at 12:36:10:
In Reply to: Re: Foreclosure/Short Sell Florida
Posted by Larry Ludwick on June 20, 2007 at 04:16:58:
Larry has hit the nail on the head. It is just too much work for you to do yourself. Also know that most lenders want to see the property listed. That way it is exposed to the greatest number of buyers. Only about 15% of buyers look at owner's selling their own property(For Sale By Owner). And if they do they expect to deduct that commission amount from an offer anyway. You really can't get ahead.
Keep in mind that in a shortsale the bank pays the fees anyway. They expect to pay. When you find an agent versed in shortsales he/she will tell you the same thing.
One word of caution. Alot of agents are attending 2-3 hour classes on shortsales and claiming to be certified. You want an expereinced agent. Ask for references and be specific about experience in short sales.
My opinion, of course.
Steele V. Propp
Foreclosure Specialist/Loss Mitigator
Schatz Group GMAC Real Estate
Minneapolis, MN
steelep@aol.com
Follow Ups:
