Sellers need to help with the short sale transaction

As a Certified Distressed Property Expert I can assist homeowners who need to sell their home even when they owe more that the home is worth. This is called a short sale and my office is a leader in successfully closing short sales throughout Central Florida.

Seller’s responsibility

If we are to have any success closing a short sale we do need the help of the home owner. That is where some of our biggest concerns rise and why we are not always able to complete the transaction. We appreciate those home owners who cooperate with us from start to finish. Unfortunately not all sellers are willing to do so.

Seller cooperation

Sellers of homes subject to a short sale are facing a situation that has probably been brought on because of a distressed situation, loss of employment, increase in mortgage payment they are unable to maintain, divorce, etc. Our goal is to help them eliminate this stress without having to have the home foreclosed on.

Seller cooperation is needed in many ways including:

• Sellers should provide us with accurate contact information, email, phone, cell phone and new address if applicable and then respond in a timely manner to our calls or emails.
• Sellers need to keep the property in good condition during the course of the listing contract.
• Sellers should keep utilities on or be willing to provide utilities for inspections, appraisals and walk-thru.
• Sellers need to provide all the necessary documents the lender is going to require in order to consider granting approval of the short sale.

As an agent it is frustrating to accept a listing subject to a short sale, market the listing, find a buyer and then have the seller drop off the fact of the earth or become unresponsive to requests need to close the transaction.

We are trying to help; we need your help too.

Related Florida real estate blog posts on short sales