Home Selling in Rochester>Question Details

Carson, Home Seller in Rochester, NY

How do I list a property for short sale?

Asked by Carson, Rochester, NY Thu Jan 20, 2011

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18
You need to make sure you have been in touch with the short slae dept of your lender. Many require a minimum of 3 months delinquent on mtg before they will begin process. Make sure they confirm that if the home is sold in shortsale your credit rating will not get the same hit as a forclosure. If not then do not try to sell the home-live there until they ask you to leave. Short sales only benefit the bank and the realtor., unless the bank agrees to a reduced effect on your credit. If you do use a realtor ask if they have the designation SFR-Short Sale and Forclosure Resource. This is a training program for realtors to know when to try a short sale and when to raise the white flag. I have that designation.
0 votes Thank Flag Link Wed Jan 30, 2013
Carson, get a Realtor who has experience doing short sales. It is a lengthy process that gets drawn out by the banks and can take up to a year or longer to complete. There are many Realtors who are either not proficient or not interested in the process because it is a lot of work. Also, you need to keep copious records for the bank since they will repeated request the same document over and over and over again.

You can call us for help if you are interested. We work with YOU along with a Realtor to stay on top of the process for you.

However, if you do want to speak to a Realtor, Bob Kirby and the Salifia Team--both who responded to you below--are excellent people to work with.

Best of luck to you.

Pam & Joe
1-855-JOE-BUYS
0 votes Thank Flag Link Wed Sep 12, 2012
You need to get all necessary paperwork from the bank 1st and make sure you get an agent who can help you every step of the way

It's not easy but if you are patient you can do it
0 votes Thank Flag Link Thu Aug 23, 2012
How do I list a property for short sale?
List with an agent that has sold a number to short sales.
0 votes Thank Flag Link Wed Aug 1, 2012
Carson,
Listing a property for short sale is something that I have a great deal of experience with. Each person's situation is unique, and calls for slightly different approaches. Contact me at your earliest convenience to discuss you situation in a confidential setting with absolutely no obligation. I would be pleased to help you. Hope you hear from you soon.
- Nunzio Salafia
Salafia Sold Team RE/MAX Plus
http://www.RochesterHomeLocator.com
http://www.FindRochester.com
0 votes Thank Flag Link Fri Jan 21, 2011
Hi Carson,

The first step in listing your property for short sale is to call us. We are short sale specialists and we will walk you through the steps. Our services are FREE to homeowners. We look forward to hearing from you.

Eli Givoni, Director
Short Sale Department, LLC
561-361-1909
info@shortsaledept.com
http://www.shortsaledepartment.com
Serving all 50 states
0 votes Thank Flag Link Thu Jan 20, 2011
Let someone eran thier money contact a local listing agent,
That is SFR approved. If you need help or have any questions please call.
Web Reference: http://www.desire2own.com
0 votes Thank Flag Link Thu Jan 20, 2011
The first step is to contact an attorney that specializes in short sales. Contact me, I have an attorney I work with that specializes and concentrates on short sales. I can put you in touch with them and they will contact your bank for you! My direct office number is 585-719-3540. BobKirbySells@hotmail.com
0 votes Thank Flag Link Thu Jan 20, 2011
If you are a for sale by owner, Trulia does not allow the post, you can however try blogging about the property, if and when you do list with an agent, he/she can post it for you, just ask; or consider any flat fee ralty company that feeds into Trulia. Do keep in mind that if you a for sale by owner and your property is a short sale, it's in your best interest to list with any local agent--most lenders if not all, do want the property on MLS for maximum exposure--also do protect yourself and any other assets you may have, by consulting with an attorney who specializes in real estate beforehand....
0 votes Thank Flag Link Thu Jan 20, 2011
Carson, its as easy as finding a local REALTOR in your area.

Good luck and hope it all works out for you.
0 votes Thank Flag Link Thu Jan 20, 2011
Carson,
We do a lot of work with short sales. I would be willing to help walk you through the entire process. I am currently working with several customers in your same situation. The process is often intimidating, but we work hard to make sure you understand each of your options. Each person’s circumstances are different so if you are seriously interested in selling your home using a short sale option we would be willing to give you a personal assessment of your situation and what our recommendation is to helping you through the process.
Feel free to call anytime!
-Sal Salafia
RE/MAX Plus
585-279-8217
585-414-3157
http://www.FindRochester.com
http://www.RochesterHomeLocator.com
0 votes Thank Flag Link Thu Jan 20, 2011
Contact a Realtor, they will be able to guide you through the process. In the meantime, contact your bank
and let them know you are interested in doing a short sale. They have a whole department dedicated to Short Sales. They will guide you on what they will need from you. Short sales tend to scare sellers, but in reality if you have the knowledge ahead of time it can be a painless process! Make sure you also have an attorney lined up, they will also need to be involved. If you would like to speak more about this, please feel free to contact me at anytime. My number is 585-279-8210. I would be happy to help.

For more buying and selling tips,please visit http://www.RochesterHomeLocator.com

Salafia Sold Team
585-279-8210
http://www.RochesterHomeLocator.com
http://www.FindRochester.com
0 votes Thank Flag Link Thu Jan 20, 2011
Great question Carson and one that many are wondering about!

The first step is to talk with an agent that has negotiated a short sale in the past and has successfully taken a property from being occupied to sold while simultaneously keeping the clients best interests and finances in mind and protected.

These sales are longer and require a lot more work than a traditional sale and without the right experienced agent - you may encounter glitches that you wouldn't with an experienced agent.

Call me to set up a private, confidential appointment with me to walk you through the process.

Michael Walker
Keller Williams Realty
585.721.9857
ShortSale@MikeWalkerHomes.com
0 votes Thank Flag Link Thu Jan 20, 2011
REALTORs are an important part of the mix. However, there is a pretty important trick that most agents aren't willing to do because of the time requirements & your sale not being a quick buck. Give me, a ROCHESTER REALTOR, a call and I'll walk you thru it. 585-414-0855 Tod Myers
0 votes Thank Flag Link Thu Jan 20, 2011
Carson as a home seller in need of a short sale, I would suggest that you find a local Realtor who specializes, or is certified, in short sales to list the home for you. Please contact me directly and I will be happy to find an Agent in your local area that you can work with.
Theresa Friend, RE/MAX Aerospace Realty
0 votes Thank Flag Link Thu Jan 20, 2011
Yes, find a Realtor, attorney and even a third party negotiator who has experience working with your lender in particular. It's not something you should try to attempt yourself. Besides, you're not going to be walking away from the deal with any money, so you might as well have a Realtor representing you (and who will get paid from any proceeds from the sale). Good luck!
0 votes Thank Flag Link Thu Jan 20, 2011
Please find a good Realtor in your area that specialized in Short Sales. This person can advise you on how you need to communicate with your lender and navigate the endless paperwork. Good luck!
0 votes Thank Flag Link Thu Jan 20, 2011
Carson, Make sure you have a reliable realtor; an experienced attorney in short sales and a willing bank.
Thank you,
Ray Camp
0 votes Thank Flag Link Thu Jan 20, 2011
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