Archive for February, 2010

Can Homeowner’s Associations negatively impact your Sacramento Short Sale?

Homeowner’s Associations are becoming a more contributing factor in the Short Sale Resale market. As the number of vacant properties increases so does the Homeowners delinquency fees, less homeowner’s to contribute to the Homeowner’s Association’s Dues.

Seller Beware, 12 Common Short Sale Mistakes: #12 Over Worrying

OVER Worrying a.k.a “bugaboo!” – Now I say this lastly and lightly: Becoming a “worry wart” will only hinder the forward progress. I wouldn’t say you shouldn’t worry about your home; that would be absurd. However, whomever you choose to be your realtor must have time to negotiate and do other components of our jobs. Please, be respectful of time.

Seller Beware, 12 Common Short Sale Mistakes: #11 Idly Awaiting Submission

Some negotiators will wait until they receive an offer to submit documents to the bank. There are several things that can be submitted to the bank upon listing to get you in the “mill.” The sooner you start the process, the better the process will go.

Seller Beware, 12 Common Short Sale Mistakes: #10 Spending All the Money

Most people faced with a short sale aren’t able to stay current on outstanding debt. Some people really do have it THAT bad! Let’s be honest, if you are not going to pay the mortgage, avoid the temptation to spend the extra money on discretionary items. Save some of the money!

Seller Beware, 12 Common Short Sale Mistakes:#9 Thinking That the Problem Will “Fix Itself” or Just Go Away

For this problem to go away, you must take charge. You must be proactive if you really want it to go away! It CAN be taken care of, there is hope, there is life after this market, but doing nothing will only make the problem worse and increase your potential for future problems.

Seller Beware, 12 Common Short Sale Mistakes: #8 Inexperienced Realtor

One of the biggest decisions you make is the decision to purchase a home. Knowing that you are going to lose your home is devastating, second only to the decision to short sale. Facing off with an unfamiliar process in which it seems everyone is out to get you can be overwhelming. Having a Realtor who you can confide in and trust is extremely important.

Seller Beware, 12 Common Short Sale Mistakes: #7 Wrong Title Company

I like to say “leave it to the experts,” especially when referring to the proper title company. A title company that knows the banks expectations and full scope of the sales process can foresee possible hurdles(i.e. taxes, utilities, HOA, liens, etc.) which will help seal a deal quickly.

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