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Category Archives for "Gainesville Short Sale Agents"

Short sales are a process a homeowner can go through if they find themselves in a hardship position in either getting their home sold or if they are unable to keep their home. Information on if a short sale is right for you.

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Gainesville Short Sales – Do I have to pay for the Short Sale Real Estate Agents Commission?

Gainesville Short Sales – Do I have to pay for the Short Sale Real Estate Agents Commission? Question number 8 of the top 10 questions asked about Gainesville Short Sales is…Do I have to pay for the Short Sale Real Estate Agents Commission?

Technically the listing agreement is between the Gainesville seller and Gainesville listing broker.

The short sale bank does not sign the listing agreement because they do not own your property and do not retain title to the home. Florida is a judicial and deed state meaning the bank would have to go to court in order to force you to sign over title to them such as in a foreclosure.

The listing agreement does make the seller responsible for the commission, however, there are short sale addendums that Anson Properties uses that state the seller is experiencing financial a hardship and they will not be responsible for any commissions or fees to the listing brokerage and any commissions will be paid at closing without it being an out of pocket expense by the seller.

The short sale bank may negotiate down the commission in order to approve the short sale and both the listing agent and buyer’s agent sign an addendum agreeing to this up front.

Here is how this process works:

When the offer comes in it should be reasonable and not too far below Gainesville fair market value. Low ball offers will only delay the Gainesville short sale process because they ultimately are not accepted by the seller’s short sale lender and only causes a delay in the short sale itself. The home is also taken off the market for a specified period of time only to come back on again for a more serious buyer. Anson Properties will encourage the seller to only accept and work with a reasonable offer that should be submitted to the short sale bank.

The short sale bank will want to know what the associated fees and costs of the transaction are. This includes Gainesville real estate commissions, attorney’s fees (if they pay them at all), Gainesville taxes, closing costs, seller contribution to buyer’s closing costs (if any), and any HOA fees, etc. They request what is called a HUD1 or closing statement in order to see the breakdown of costs.

Working backwards, the short sale bank will determine the net they require for the Gainesville short sale payoff and will add on the associated costs mentioned above onto the HUD to determine the approved short sale value and approval of offer. Sometimes they will require a reduction in commission or reduction (maybe even exclude) any of the associated fees, a cash contribution by the seller or request the seller to sign a promisory note at closing in order to provide the approval letter.

With the HAFA program the Gainesville Short Sale value is pre-determined for the listing price and the home is advertised with accordingly. On a traditional Gainesville short sale the listing agent does a market analysis using recent sales of like kind properties in order to recommend a list price to the seller.

The price will be slightly more aggressive than a traditional listing in order to get the home under contract fairly quickly. It should not be priced too low because the bank will deny the Gainesville short sale. They do their homework and will hire a third party to provide them a market evaluation such as a BPO (Brokers Price Opinion) or appraisal.

For the seller, this means the Real Estate commission is paid at closing and will not be coming out of their pocket at the closing table.

Other Articles to Read:

Short Sale vs. Foreclosure

How Long is a Short Sale?

What Happens in a Short Sale if I Have More Than 1 Mortgage?

Freddie Mac LP Relief Program Can Save Your Home

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

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How to Avoid Short Sale Scams

How to Avoid Short Sale Scams

As a homeowner in distress and looking for answers, the first question you want answered is what is a short sale, Can I short sale and then you want to know how to short sale, who to speak to and what Gainesville short sale information is reliable.

Here are a few recommendations to pay attention to when wanting to know how to short sale in Gainesville. If a short sale company calls you and guarantees you a short sale be very skeptical. There are too many variables and unique circumstances of every homeowner for a Gainesville short sale to be guaranteed.

If a short sale company or Gainesville short sale agent wants to charge you money up front then you need to call the state Attorney General’s office because it is illegal in the state of Florida for any company to charge you an upfront fee to short sale your Gainesville home. Attorneys can charge a retainer fee and are the only exception to this.

As an agent when answering how to short sale a common question I get pertains to companies or investors that say they will buy your home and process the short sale and whether or not they are a legitimate avenue in how to short sale. If they want you to sign over the deed to your Gainesville home; do not in any circumstance enter into this type of transaction until you have done your homework. While there may be some legitimate companies out there most are not.

You should never sign over the deed in any circumstance; this third party may persuade you to do so because they will now have control over what happens with the sale of your home. The companies that advertise they buy ugly houses or we will pay cash for your home no matter how much you owe should be held at arm’s length

You need to first to know the answer to Can I Short Sale my Gainesville home. Attorneys can charge you a retainer fee and they can also process a short sale for you. There is not guarantee that your short sale will close. Short sale banks are not required to do short sales and they are constantly changing their policies and procedures.

Be very careful who you share your personal information with. We will do an intake evaluation interview with you over the phone and our conversation is confidential. We then will do another consultation where we will cover the short sale process, explain our staff’s responsibility as it pertains to you and answer any questions you may have.

Other Articles to Read:

How Long is a Short Sale?

Why Don’t I Just Let the Bank Foreclose?

What Can a Short Sale Agent do for Me?

3 Questions You Should Ask Before Hiring a Gainesville Short Sale Agent

Call Stephanie Anson today at 352-535-0620 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

Gainesville Short Sales – How Long is a Short Sale?

Gainesville Short Sales – How Long is a Short Sale? How long is a short sale in Gainesville is a very common question. This really depends on the short sale bank, their processes, seller motivation, proper buyer expectations and understanding how to market property.

Each short sale bank has its own policies and procedures on how to work through and process a short sale. To understand how long is a short sale; we need to first understand the when the traditional short sale process starts. Once the home is listed and receives a contract is when the Gainesville short sale process truly starts. The short sale offer is then submitted to the bank along with any short sale bank addendums, financials and additional required paperwork. The short sale banks are notorious for losing paperwork and requesting documents to be uploaded or faxed. The seller(s) and buyer(s) also need to be very motivated in returning paperwork in a timely fashion. Many short sale banks are now placing deadlines on files for completing requests or they will close the file and the short sale process will have to start all over again. You may already be familiar with this if you have tried completing a loan modification. This will add time to how long is a short sale and always stalls the short sale process.

Another factor affecting how long is a short sale is when the short sale bank switches or hires new personnel or negotiators or dealing with untrained staff that do not know the answers. Each short sale bank has a short sale department with customer service representatives who may be able to view and access the file but rarely have the answers to important questions or any authority to move the file forward. Another delay is when the short sale is being processed by a short sale bank that never assigns any one specific person to the file and it is managed through a centralized HUB, this means the left hand does not know what the right hand is doing.

Once the file comes out of document review it is assigned to a negotiator who will then order what is called a BPO (Brokers Price Opinion). The seller will need to make accommodations for this inspection to take place and this can take up to 2 weeks. If the offer and BPO are favorable to each other terms are provided to the seller and an acceptance or counter of price is provided to the listing agent to correspond with the buyer’s agent. If all are in agreement the file moves to the investor for final review and approval. Once approved the approval letter is provided.

As simple as this process may seem it takes on average 4 – 6 months from offer contract to closing to process a short sale. Many can be short sales can be completed in 60 days but all parties must be motivated and on board with turnaround time. This can be a very emotional process for sellers.

In reducing the time of how long is a short sale, Anson Properties LLC maintains call and email records for accountability purposes and for use of escalating files as necessary if there are roadblocks or mishandling of a file by the short sale bank. Anson Properties LLC has a team that works on your file. Each member of our team handles specific actions in order to expedite your Gainesville short sale from time of listing to the successful closing.

Some tips in reducing the “how long is a short sale” time frame, keep either a physical or digital folder that you place your pay stubs, bank statements and all other financial paperwork in because the short sale bank will request updates and you will be able to turn that around in a timely fashion.

Other Articles to Read:

Gainesville Short Sale Myths

Do I have to pay for the Short Sale Real Estate Agents Commission?

What Happens in a Short Sale if I Have More Than 1 Mortgage?

What Can a Short Sale Agent do for Me?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

Gainesville Short Sales – Gainesville Short Sale Myths

Gainesville Short Sales – Gainesville Short Sale Myths Gainesville short sale myths are finally clarified!  It is a frustrating experience for a homeowner who is facing foreclosure and cannot find the correct information necessary to find alternative options to foreclosure, such as a short sale. To clear up some of the confusion we have compiled a list of most common short sale myths. An important thing to keep in mind is that every short sale is different, and each seller has their own unique circumstances. 

Gainesville Short Sale Myth 1- I must stop making payments before the bank will approve a short sale there have been cases where a seller’s short sale was denied because they were current on their payments.  I have only seen this to be true with Freddie Mac and in one Gainesville homeowners specific case where they had only $80 left each month after all bills were paid, because they had a loss of income. However, it is not necessary to stop making payments for the bank to take you seriously and have a successful short sale.

Gainesville Short Sales – Gainesville Short Sale Myths Gainesville Short Sale Myth 2 – I should never accept a payment plan from the bank…they should forgive all my debt.

In some instances if there is still debt and the bank gives you a payment plan and you decline or ignore it the bank may seek a judgment against you for that amount. This is a big difference between possible out of pocket costs, not to mention how your credit will be affected and wages may be garnished.

Gainesville Short Sale Myth 3 – Pricing the home very low will get an offer quickly

Yes, pricing a home very low may get an offer quickly, however at a cost to the seller and buyer. Banks do their homework. You can get a great price on a short sale; however the bank will not give the home away. For the sellers the clock is ticking if they are facing foreclosure and to waste the banks time on an unrealistic offer could cost them the home.

Gainesville Short Sale Myth 4 – The bank will not pay the commission for my Real Estate Agent and or the costs of listing the property and the expense will be passed on to me

A real estate agent’s professional fee is taken out of the banks proceeds at close of escrow. The bank will dictate how much the agent(s) will receive. Most banks will not pay an agent’s commission if they are representing themselves as the buyer. Now I do have an issue with this since technically in Florida the Agent is paid by the Broker and not paid directly from the bank. This means the bank is denying paying the brokerage firm.

Gainesville Short Sale Myth 5 – I cannot short sale with 2 mortgages

When the short sale process started many people could not short sale because they had a second mortgage. After the first wave of foreclosures, lien holders in second position realized that if they did not participate in the short sale they would receive $0. Now instead of foreclosing on a property, they have started to accept pennies on the dollar…which is better than getting nothing.

Gainesville Short Sale Myth 6 – A Short Sale is embarrassing

A Short Sale has become common place in today’s market that the stigma has been reduced. Short Sales can happen to anyone. This is simply a situation where you must sell and do not have the means to make up the difference. You should never feel embarrassed about the situation, it is much better than a foreclosure and you have the ability to buy a home again in 2-3 years depending upon your credit.

Gainesville Short Sale Myth 7 – Any agent can list a short sale

Not any agent can do a short sale. Many agents that do understand how to complete a short sale and may cause harm to the seller. Our agents have established partnerships with attorneys, loss mitigation and title companies to provide the service that is appropriate for you. Not every short sale will be a success and for anyone to tell you otherwise they are mistaken.

Other Articles to Read:

Should I Stop Paying My HOA?

Do I have to pay for the Short Sale Real Estate Agents Commission?

How Long is a Short Sale?

Choosing a Qualified Agent

 

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

Gainesville Short Sales – How Long Does A Short Sale Take?

Gainesville Short Sales – How Long Does A Short Sale Take? How long does a Gainesville short sale take?  This is one of the first questions that is asked when a homeowner has been faced with foreclosure and has chosen to do a short sale on their home.

The time frame on a short sale can vary.  There are many variables that will factor into the length of the short sale process. So to offer a fair answer to this question we will need to say  that it depends on the circumstances of the homeowner, lender and the loan itself.

How long does a Gainesville short sale take? When putting your home up for a short sale it is important to understand that with a short sale things are constantly changing from month to month, week to week and even from day to day.

The length of a Gainesville short sale will also depend on the sellers individual circumstances.  Below are a few major factors in determining how long your short sale may take:

  • Who are the servicers on your loan
  • Does your servicer own your note or is there a private investor involved
  • How many loans do you have on the property
  • Is there is a 3rd party involved such as a mortgage insurance company.  In a case like this, the 3rd party will also need to approve the short sale
  • How long it will take to get a good offer on the property
  • What the BPO comes back with and how close to the offer that the price is
  • Finally we will need to hope that the buyer’s agent will stay in the deal long enough for the deal to go through.

A few years back Country Wide was doing short sales, and they took well over 6 months to approve 1 short sale.  When Bank of America took over Country Wide they become the most difficult bank to work with when it came to short sales. There were short sales that took up to over a year to be approved. Since then things have changed with Bank of America, and short sales can be done within 30 to 60 days, and sometimes even quicker than that.

Chase was also another company that used to be difficult to work with when it came to short sales.  Chase merged with other companies, and the already difficult situation become even harder.  Now policies have changed with Chase and they are very interested in approving short sales.

The point here is that one of the determining factors in how long a short sale can take is the lender and the policies that they have regarding short sales.

When answering the question regarding,  how long does a Gainesville short sale take, the best advice to give is that it depends, and to just let the short sale process play out. It is very important to find an agent that is experienced in short sales. You will also want to work with an agent that has experience with different lenders, and knows how to maneuver through the short sale process. Your short sale can take as little as 3 weeks and as long as 6 months sometimes even longer. We are happy to say that short sales do not take as long as they did a few years back.

Please keep in mind that once you decide to do a short sale, this process is time sensitive and every day counts.  And when you need to ask the question “How long does a Gainesville short sale take” we advise you to contact one of our experienced Gainesville short sale agents, and let them help guide you through your short sale process.

 

Other Articles to Read:

Will Florida Speed up the Foreclosure Process?

Where will the mortgage settlement fund go?

Avoid Notice of Default – Refinancing Balloon Mortgages

3 Questions to Ask Before Hiring Gainesville Short Sale Agent

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

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Gainesville Short Sales – Short Sale vs. Foreclosure

Gainesville Short Sales – Short Sale vs. Foreclosure Gainesville short sale v. foreclosure is a decision that many homeowners are now facing.  If you are facing a foreclosure you must first understand what it is that you are up against, and what options are available to you.

For a homeowner to possibly know which choice to make they must first understand what a foreclosure means.  Foreclosure is a legal action that is taken against a homeowner by the homes financial lender, when a homeowner becomes delinquent in their mortgage payments.  You should always try to work something out with your financial lender prior to a foreclosure being filed. If a foreclosure is inevitable and you have been served foreclosure papers, it may be time to seek the advice of an experienced financial and legal advisor as soon as possible.  You will find that the options that you are presented with can be very time sensitive, and that every day will count.

Gainesville short sale v. foreclosure?
Which option to choose.  Most homeowners do not know what options are out there to choose from, when faced with a decision like this.  A short sale is definitely an option that you should look into opposed to letting your home go into foreclosure. A short sale is selling your home for less than what you actually owe on it. Our short sale agents have the experience in alternative options, and will be able to answer questions that you may have regarding short sales, what the process entails, and to see if you would qualify for a short sale. Most importantly find out if a short sale is the right option for you.

With that question hanging over your head, what option should I follow? Gainesville short sale v. foreclosure? If you qualify for a short sale most often that would be the best option to take, however, if you are able to sell your home, get out of the payments and end the foreclosure process all together, that would relieve a lot of undue stress and pressure and possibly save your credit.  Opting to let your home go into foreclosure may only drag the process out longer. The debt will still be there, And there will certainly be additional fees and costs, both legally and through your financial lender.

To minimize the damage to your credit and get out of the debt of your home, the best option would to be to contact an experienced agent like ourselves, and get the advice that you need.  After exploring your options and making a decisions on what it is you are going to do, we are certain that we can help you through this difficult time.

If you choose to do a short sale on your home we will be able to help you in beginning the process of selling your home.  We will help you to see if you qualify for a short sale and list your home and move on from there.

So to help you answer your question Gainesville short sale v. foreclosure, and to help you understand where you are at, and what your options are contact our office today and speak with one of our experienced agents.

 

Other Articles to Read:

Loan Modification Failures Are Rising

Mortgage Relief For Unemployed

Gainesville Florida Renter Rights During Foreclosure

Bank of America’s Cooperative Short Sale Program

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

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Gainesville Short Sales – Choosing a Qualified Agent

Gainesville short sale agents – choosing the right agent for you.

Are you a homeowner in a very difficult situation and facing a possible foreclosure? Has your loan modification been turned down?  If you have tried to work with your bank but had no success and feel that you are out of options than we want you to know that you are not alone. Many homeowners nationwide and even a little closer to home, right here in Gainesville are losing their homes to foreclosure, and looking for alternative options.

Gainesville Short Sales – Choosing a Qualified Gainesville Short Sale Agent Short Sales are becoming a more and more popular alternative to foreclosure for homeowners, However many people are unfamiliar with what a short sale actually is.

A short sale is when you sell your home, and the bank accepts an offer that is below the amount that is owed on your mortgage. For example: if you still owe the bank $200,000.00 on your house, and the bank accepts an offer on your house for only $100,000.00. The bank will end up forgiving the other $100,000.00 on your house.

You many ask yourself why the bank would do that, and the answer to that question is that the bank is not in the business of owning homes.  On the bank’s side of things, they look at a short sale as an option for them to save additional legal fees, that will run them $15,000.00 to $30,000.00 and maybe even more. Also the bank does not want to own the house; they are not in the business of buying and selling homes.

Now that you have an idea of what a Gainesville short sale is then the first step you will need to take is to consult a Gainesville short sale agent. You will be provided with more information on qualifying for a short sale.

Anyone with a real estate license can legally list a short sale; there are very few agents out there that have the necessary skills and experience to successfully sell a short sale home. Our team of Gainesville short sale agents specialize is short sales and have the knowledge and experience in every aspect of a short sale to successfully maneuver you through your short sale process and get your home sold.

Also when looking for a Gainesville short sale agent you will want to make sure that the agent has worked with, and is experienced with different lenders. This is crucial to a successful short sale because each lender has different policies and a different outlook on short sales… I cannot stress this enough.

The Gainesville short sale agent that you choose will be one of the key factors that ultimately determine how successful and how quick your short sale may take. If you have any further questions on what a short sale is, and to determine if a short sale would be the right choice for you, contact our office.  We have the experience and knowledge necessary for a successful Gainesville short sale.


Other Articles to Read:

What is a Short Sale?

Short Sale Process – What to Expect

Short Sale Top 10 Questions

Do I Have to Pay for the Real Estate Agents Commission?

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

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Gainesville Short Sales | What Can a Short Sale Agent do for Me?

Gainesville Short Sales | What Can a Short Sale Agent do for Me?

As a Certified and Accredited Gainesville Short Sale Agent Specialist, I will meet with you face-to-face to talk about your unique situation and help you understand what options and programs are available to you.

As Gainesville Short Sale Agent, I will walk you through what a short sale means to you, options to avoid foreclosure, explain the documents you will need to provide to your mortgage company, how to work with your lender if they are calling you, list and market your property if it is the right solution and in many cases, I will handle the entire process of working with your mortgage company for you. We will first discuss what is a bank short sale, judicial foreclosure, what is a judicial foreclosure, how long is a short sale, how it will affect credit and answer your question of can I do a short sale.

As a Professional Gainesville Short Sale Agent you can rest assured that I will never assess any charge for the assistance I provide to you. As a Certified Distressed Property Expert from the Certified Distressed Property Institute, I have been trained and certified to help homeowners take action to proactively resolve their mortgage situation.

I volunteer my time to provide you, the homeowner, with as many hours of consultation and assistance that might be needed; from helping you understand how to write the short sale hardship letter to working through the offer with the short sale buyer.  I process your file and negotiate with your mortgage company, at no charge to you.

From the beginning of the short sale process in Gainesville FL to the successful closing on the sale approval of the home, I make sure that your interests are respected, your choices are adhered to and your financial interests are protected.

As a Gainesville Short Sale Agent, I advocate on your behalf in order to get you results you can count on, with integrity you can trust in. Your future can improve with one phone call. Together we will discuss your options and sort out your best approach. We communicate with lenders, banks and buyers to negotiate the best options for a closed short sale.

When you’re looking for a Gainesville Florida Short Sale agent with superior local knowledge, experience, professionalism, integrity, and personal service –  Stephanie Anson brings them all to serve you.

Other Articles to Read:

Short Selling and Renting from the New Owner

Distressed Sales Still Depress Home Prices

Will Florida Speed up the Foreclosure Process?

Loan Modification Failures Are Rising

 

Call Stephanie Anson today at 352-535-0620 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.


Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

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3 Questions You Should Ask Before Hiring a Gainesville Short Sale Agent

Gainesville Short Sales – 3 Questions You Should Ask Before Hiring a Gainesville Short Sale Agent

It is imperative that as a Gainesville homeowner you do your research prior to choosing an agent to work with when considering to short sale your home. Choosing the right agent can make the difference between the success or the failure on your short sale. There is much at risk and you have much to lose if you do not do your due diligence. The short sale can be denied and the home foreclosed resulting in a deficiency that can lead to wage garnishment. It will have a huge impact on your credit and you will not be able to buy another home for over 5 years or more. If you hold a financial position or security clearance you may lose your job and or clearance.

It is just as important that your agent knows how to evaluate the buyer and buyer’s agent to ensure the proper expectations are set. Nothing worse than getting close to the approval letter for the buyer to walk or only be half interested and find this out after spending many hours and time working through the short sale process.

So here are the questions I would ask an agent before hiring any agent!

Question #1: How many short sales have you listed and sold in the past 6 months?
Banks are consistently changing their policies and procedures and you will want an agent that is familiar and experienced in managing these updates.

Question #2: In the past, what lenders have you negotiated short sales with?
There are many small short sale bank lenders, however, your agent should be familiar with the largest banks policies and procedures. Lenders such as Bank of America, Chase, Wells Fargo and SunTrust are the most prominent with short sales

Question #3: What is your success rate on getting short sales approved? Look at the agent’s track record and ask for specifics about how the transaction was processed, the challenges and how they were able to overcome them. Hard work is shown through diligence and persistence.

Other Articles to Read:

What is a Short Sale?

Short Sale Process – What to Expect

Short Sale Top 10 Questions

Do I Have to Pay for the Real Estate Agents Commission?

 

Call Stephanie Anson today at 352-260-0153 for a confidential phone interview regarding your options.

Please seek legal advice. This information is for informational purposes only.

Contact Stephanie Anson, CLHMS, CDPE, SFR, Realtor®, Anson Properties LLC. Licensed Realtors® in Florida at 352-260-0153 to list your property for sale or to purchase a property in Gainesville, Archer, Alachua, High Springs, Waldo, Keystone Heights, Hawthorne, Melrose, Cross Creek, LaCrosse, Williston, Earlton, Ocala, Micanopy, Newberry, Kanapaha, Haile Plantation, Duck Pond and the rest of Alachua County Florida, Orange County Florida and Seminole County Florida. We are accepting referrals.

  

  

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