Real Help With Short Sales In Virginia
Short Sale Process
A Short Sale can be a long and tedious process if you do not take the right steps from the beginning. Not every homeowner is eligible for a Short Sale, and not every buyer knows what they are getting into. The average short sale will take 3-6 months from list date to completion. Patience and persistence are the key ingredients to getting a successful Short Sale. Although each situation is different, we have outlined some of the routine steps that a successful Short Sale will have. The system we use is very detailed and very thorough and does not translate well on the web. During our consultation, we will go over each step and outline what responsibilities both the agent and the seller have as well as the type of buyer that can handle buying a Short Sale.
If you are facing a hardship, it is widely thought that you need to be behind before the banks will speak with you. That is wrong - recent legislation prohibited the banks from forcing homeowners into delinquency before they offered help. Stay away from the groups asking for up front money or charging you for their services. There are too many free advocacy groups for loan modification help, and a Short Sale agent should never charge you a fee. It's not about the money - it is truly about fixing the problems that the housing industry is facing.
If you are facing a hardship, it is widely thought that you need to be behind before the banks will speak with you. That is wrong - recent legislation prohibited the banks from forcing homeowners into delinquency before they offered help. Stay away from the groups asking for up front money or charging you for their services. There are too many free advocacy groups for loan modification help, and a Short Sale agent should never charge you a fee. It's not about the money - it is truly about fixing the problems that the housing industry is facing.
Pre-Listing Phase
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Make The Call
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Get Qualified
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Write A Hardship Letter
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Prep Your Home
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Agent Authorization
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Submit Your Financial Package
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Determine What Type Of Short Sale You Want
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Prepare Your Family
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Determine A Sales Price
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List Your Home
Contract To Settlement
- Use Our Lender To Pre-Qualify Buyer
- Ratify Contract
- Submit Short Sale Package
- Communicate - Always
- Prep Buyer On The Process
- Agents Coordinate Contingency's
- Constant Follow Up
- Schedule a BPO
- Negotiate Terms Of Short Sale
- Ratify Sales Contract
- Schedule Remaining Contingency's
- Receive Term Letter
- Accept Terms
- Proceed To Settlement
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Jimmy Mulhern (w) 571-247-1638 |
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