Good luck to you.
Cindi Benton, Realtor, ePro
Davidson Realty, Inc.
100 E Town Place, Suite 100
St. Augustine, Fl 32092
First Weber Group
Certified Distressed Property Expert
Obviously a short sale needs to be approved by the bank because you are giving them less than what is owed.
The unfortunate thing about trying to sell it direct these days is that if you are in foreclosure it is public record and everyone is a bottom feeder these days so they find out you are in foreclosure and figure they can get a deal.
Buy a home after foreclosure expert
I just saw a report that Fannie Mae owned "servicers" must foreclose within 150 days after it is placed into foreclosure, so time is of the essence. Find an experienced short sale Realtor (if you're not already listed) TODAY! Chose a Realtor that at a minimum knows how to pull up your current foreclosure filings on public records to determine if you have an auction date set.
Also you must find an attorney to file an "answer" to the foreclosure complaint.
This is why you need a professional with experience helping you through this process. Please let us know if we can help you further.
Frank & Sharon Alters, CDPE, e-PRO, GRI
Certified Distressed Property Expert Designation
First I am not an attorney. Your best bet would be to talk with a real estate attorney. I can give you the name of the one that I use.
I would recommend that you contact a real estate agent, this won't cost you as the lender will pay from the sale proceeds, and discuss the the short sale process. Get your home listed now, then go to court and file a motion with the judge to allow you time to sell your home. I can help you here, but time is of the essence.
Then your agent needs to contact the lender to start the short sale process. This is going to be frustrating and time consuming but by working with the lender letting them know that a short sale would be better than foreclosing it should work out. I work with an attorney that will oversee/expedite this process. Again time is of the essence.
Contact me if you have any additional questions.
Charlie Chorman - REALTOR
Loss Mitigation Certified LMC, Short Sales & Foreclosure Resource SFR
If you are going to sell your home contact me and I can guide you through the short sale process. I also use an attorney that can help expedite the process.
You can receive more information on my website below. Click on the link Short Sales and Foreclosures.
If your bank says you can do a short sale, make sure you get a Realtor who is not only certified and or trained/experienced in short sales but has had success in getting them closed. This process is not for the faint of heart and you will have to work closely with the Realtor and the lender to accomplish your goals.