Sentences with phrase «sellers complete a short sale»
Recently, the association got the Federal Trade Commission to agree that new rules designed to clamp down on fraudulent offers aimed at distressed owners wouldn't be enforced against real estate practitioners helping sellers complete a short sale.
http://realtormag.realtor.org/ Not exact matches
My article was written from the stand point of a listing agent that is hired to complete a short sale for a seller should not let an investor (buyer) take over the short sale.
I am a seller in a short sale, our realtor is a quack... and we are dealing with Bank of America, which has been a complete nightmare.
The sellers will still need to pay back the rest of their mortgage after the short sale is complete.
* note that if the sale is not negotiated correctly, the seller may have to pay tax liability (1099), or even a promissory note after a short sale is complete.
Every seller's situation has been unique to another but in nearly every short sale case the seller has not had to come with much, if any, money out of pocket; quite a few actually got paid to complete the short sale.
A short sale «hardship letter» which will explain to the lender why the seller needs to complete a short sale
If the answer coming back on this one is the Realtor is going to be representing the seller you MUST find out if they have ever successfully completed a short sale transaction before.
The seller hired me to complete the short sale.
For sellers, short sales help protect your credit, prevent a foreclosure, save money on closing costs, and allow you and your family to stay on the property until the sale is completed.
My article was written from the stand point of a listing agent that is hired to complete a short sale for a seller should not let an investor (buyer) take over the short sale.