Short sales are not like what they were even two years ago. They are extremely time-consuming and lenders try to get full market value on properties that are distressed. It takes a savvy real estate pro with years of experience to get through the grueling short sale process.
Property owners are required to provide volumes of paperwork and will be financially scrutinized. The process is tedious, frustrating and can take months to get finalized.
Buyers need to be prepared to wait at least 90 days for approval. And title companies can expect lower fees, lenders are placing a cap on what they will now pay for title work.
I recommend you avoid a forced foreclosure, it comes with a judgment that can haunt you for up to 10 years. I have been a Certified Distressed Property Expert (CDPE) since 2010 and I have assisted many homeowners and investors out of a financial mess in Brevard County, FL.
If you are behind on mortgage payment in the Melbourne FL area or anywhere on the Space Coast ContactAgiNow.com let’s review what options you have to avoid foreclosure.
Posted on March 13, 2019 at 9:51 am by Agi Anderson, Digital Diva