Unfortunately, most Realtors don't want to do this, because it means calling every day for an update on your file with your lender. That's what the short sale negotiator is doing, and it's usually a low-level person making daily phone calls. The bank will spit out a number that it needs to minimize it's loss, when it's ready. Theres really not a lot to negotiate.
I'm going against the tide here, but if you're in financial stress, it bothers me to see people have to pay more money in fees because of this myth created in our industry about short sale negotiators.
David Barr, Broker Associate
941.870.0656 firstname.lastname@example.org Twitter: @sarasota_homes
Check out: http://www.priorityshortsales.com/ these guys are quick and effective at processing short sales, they can close short sale deals in less than 45 days.
Key Solutions Real Estate Group
If you are upside down on your property and are thinking about turning the property back to the bank then you would be best served to check with a bankruptcy attorney and a real estate attorney. You can also seek out legal aid.
To list your property for a short sale does not require consultation with an attorney. It just gets the ball rolling. You can consult with an attorney at any time during the short sale process. Keep in mind that banks have different departments, the mortgage department, the work out department and collection dapartment do not consult with each other they function independently and follow different guidelines and timelines.
If you are intersted in discussing your situation further, call 941.313.1234.
I specialize in the sales and negotiations of short sales. Your Realtor should always take the lead on your short sale and be knowledgeable on the entire process. I do not ever want to turn total control of your SALE to an attorney. I do, however, have an attorney on my team who will consult with you for a minimum fee. That fee will be waived if you close your transaction with her.
Recently some attorneys have set new restrictions on the short sale transactions they are accepting, as have some Realtors and short sale negotiators. If the transaction (value of the property) is less than $100,000.00 they will not accept your short sale. Be sure to check on that restriction.
For a name of an attorney please contact me directly.
Faye Doyle, LLC
GRI: Graduate Real Estate Institute
CDPE: Certified Distressed Property Expert
ABR: Accredited Buyer's Representative
WCR: Woman's Council of Realtors
TRC: Transnational Referral Certification
e-PROÂ®: Certification Internet Professionalism
100 N. Tamiami Trail, Sarasota, FL 34236
Her initial consultation is $250.00 with the Balance due at closing.
If you would like her contact information, I will forward it to you.