Unusual that the bank would order a BPO in advance of having an offer, but it is a great sign to see that they are working with you to resolve the issue. They are probably getting things ready for when you do get an offer. We would need to get together and discuss where you are in the process with the bank and what communication/documents have been addressed. And or discussed.
What bank is involved is also key to getting things done.
Rental, well I would say that once you do get an offer, it iould be from 45 -60 days to close, so you would have plenty of time to find a property (and landlord willing to rent)
The clock is ticking, so it is time.
I suggest that we get together soon to discuss further.
Weekdays are good!
Email me privately to discuss further.
Orange Key Realty
I have a GREAT attorney that can pick it up and run with it in Red Bank!
Let me know ASAP and we can discuss!
Short sales are not the nightmare you think.. if the Realtor knows his business!
Well have not heard of too many â€œshort sale attorneysâ€ getting anything done. :)
Seriously, you need an agent that understands the process and can process the transaction correctly. For a listing, I know how to prepare the necessary documentation that is necessary for the Bank to make a quick decision on the offer presented. I would be able to explain to you what to do intially to get the process started, but the actual short sale process would not start until we have an offer.
Either way, experience with short sales are key to making a successful transaction.
I am SFR Certified (Short Sale and Foreclosure Resource) not that this is the end all to certifications for short sales, but most SFR agents understand the process and have a great success rate in closing short sale properties.
On a separate note, I have had short sales go through attorneys that just sit and wait for the bi-weekly call that the paralegal makes to see if someone looked at the file yet.. most of your â€œshort sale took 9 months to closeâ€ deals usually go through an attorney from the beginning.
Call or email me directly and we can sit an discuss the process, do a CMA to see what your home is worth and come to a reasonable. saleable list price that may be acceptaable to the bank.
Call or email.. the tie is now.
Orange Key Realty
I've worked with many agents and attorneys...I know the better ones that get the job done. Most agents will say they do short sales...ask for specific details on their results.
For example, how many short sales they handled for the past 12 months? how many of them resulted in the seller having to contribute cash at closing? what was the average amount of the cash contribution? how long did the process take? what they do specifically to adjust the listing price to generate a purchase offer?...etc. Many will say they handle short sales...Due your due diligence and make sure you don't get misled.
Tom Hinz http://www.shortsaletosell.com
Please give me a call if you need help. I have done numerous short sales, I have an attorney that helps to get the job done and I would love to help. If you need references I would be happy to provide you with the names of clients who I have successfully closed.
Have a great day.
Julieann 732 598-2222
How's everything going? I could help you out if you would like. Just let me know. Thanks.
Peter G. Apicella
Prudential Zack Shore Properties
520 Washington Blvd.
Sea Girt, NJ 08750