Have you closed any Short Sales before?
Has the lien holder been notified of the intent to short sale?
Have you received any offers on the property?
Has the complete short sale package been sent to the lien holder AND have you confirmed receipt?
What communications, if any, have you had with the bank?
Have you the seller been assigned a Loss Mitigator?
Has there been a BPO? Did you meet the BPO agent? Did you get the results back?
Is there one or two loans? Any other liens?
What are the names of the banks? Are these FHA or VA loans?
Is there Mortgage Insurance?
How long do you estimate that the lender will take to provide an answer to an offer?
Contact me if I can be of assistance in ANY way!
I have worked on and closed on several short sales. Both with buyers and sellers. How smoothly the closing goes does depend a lot on the lein holder but it does help to know what pitfalls to avoid. Call or email me anytime. I'd be happy to discuss it with you.
Diana Downs, RealtorÂ®
ERA Dawson Bradford
417 Main St., Bangor, ME 04401
C - 207-735-6988 F - 207-941-9866
I have specialized in short sales for 7 years. In addition to being a licensed broker, I am licensed by Maine Bureau of Consumer Credit Protection as a Debt Management Service Provider and carry a $50,000 bond.
How quickly you can sell the house will depend on your mortgage holder, the house, price, number of liens, etc. I would be glad to talk with you further about the details. Please feel free to send me you contact information at email@example.com. Also, you can check out my website at http://www.avoidforeclosureinmaine.com.