10 Shortsale Curveballs

Posted by Howard Flaschen on Wednesday, February 19th, 2014 at 12:14pm.

10 Shortsale Curveballs

Sellers Need an Experienced Team of Hitters

Jacksonville, FL - There are so many curveballs in the shortsale process that without an experienced team of hitters on your side the odds of having a succesful shortsale simply drop dramatically.  The list is long:

  1. Contract pricing versus the Lien Holder's BPO
  2. Who does the BPO?  Is it adequate?
  3. Who will do the challenge if its poor?
  4. Who is pushing through the paperwork?
  5. Who is contacting the lienholder/servicer for updates?
  6. Are the HOA dues current? If not how much is the deficiency?
  7. Who will pay the arrears?  Was that covered on the Prelim HUD?
  8. Is the contract on the home contingent on financing?
  9. Are there appraisal repairs needed?  Who will pay for them?
  10. What about the buyer's appraisal for the lender?

UGH.  The list goes on and on.  What about tax implications!?  Dear me.  You better have a team on your side of true professionals in their field to be able to advise and direct.  We may not have all the answers but we sure have a team that does.

Contact us immediately to get a free consultation today.

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Howard Flaschen




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