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Patty Da Silva, CDPE

"South Florida's Top Listing Broker"
  • 6 Helpful Answers
  • 24 Answers
  • 8 Blog posts
Broker at Green Realty Properties
Experience:
Real Estate Broker - Owner for Green Realty Properties September 2009—present
Green Realty Properties, South Florida's Real Estate Brokerage Firm
BROKER Associate REALTOR® for United Realty Group January 2006—September 2009
BROKER Associate REALTOR®
Specialties:
As a CERTIFIED DISTRESSED PROPERTY EXPERT © and Short Sale Specialist ®, I specialize in working with
sellers who are in financial distress by avoiding
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Certifications
& Awards:
CDPE© - Certified Distressed Property Expert©
Real Estate Short Sale Specialist®
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Interests:
Real Estate and the Mortgage industries of course! But I am also a political ... show more
About:
***Page copy protected against web site content infringement by Copyscape***
Being a REALTOR® to me is not just a career, it is my life! I truly love
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Testimonials:
"I have had the pleasure of doing business with Ms. Da Silva since 2002. I must say that her professionalism and work habits are exemplary. Patty has helped ... show more

Short Sale

Patty Da Silva, CDPE answered:
Dear SS Mills,

Please keep in my the seller's lender is NOT a part of the contract, at all, whatsoever, and will NEVER sign on any piece of paper.
The seller's lender decides how much it is willing to receive (short of what it is owned on the mortgage) in order to allow the sale to happen. Once that decision is made, the seller's lender issues a demand letter, (commonly referred to as a "approval letter).

The key to buying a short sale property (listing) is to make an offer on a listing where the listing agent is very experience and does not mistakenly advise the seller to accept multiple offers. *
If you have a chance, read the blog below and the comments. It should give you a good idea of what should/not not be done. It also contains a link to the National Association of Realtors opinion on seller's signing multiple offer, which NAR frowns down upon.

*
http://activerain.com/blogsview/1057330/multiple-contracts-s…



Help lots of people and have a great day!

Patty Da Silva , CDPE©, RESS®, AHWD®, e-PRO®, GREEN, CFS

Visit http://www.pattydasilva.com for SouthEast Florida's best properties. - Tue Sep 15 2009, 07:37

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