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Short Sales, Are you Ready?
By Julie Hunt | August 3, 2008
A few things you need to know about Short Sales:
I am currently negotiating 2 Short Sales and have done several in the past. What I have learned, is the process could take up to 5 weeks once you receive a contract unless you have done the proper paper work ahead of time. In most cases in order for the bank to accept the short sale price you must prove Hardship, Show the property has been on the market for a while, Justify the sales price with Comps, and the appraisal must come in at very close to sales price.It is a very detailed process and experience in the Real Estate agent is Vital!
In this Changing market Short Sales are going to become a big part of the recovery process. If you would like information on how to stop the foreclosure process and discuss with us how to properly market your home or If agents need assistance or help in this matter please contact me I would love to work with you and share my experience.
If you are not familiar with the Hunt Team please visit our Web Site at www.TheHuntTeam.net
Julie Hunt 404-451-3143
Topics: General Real Estate | No Comments »
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