Archive

Category Archives for "Short Sale Approval"

Tips For Short Sale Approval | Gainesville

Tips to assure approval of your property from lenders Having your property listed by one of the top Gainesville short sale agent will double the chances of having your short sale approve by the lenders. For homeowners, it is important to remind you that some lenders are carrying out new laws in short sale process. For example, Chase, one of the leading lenders in the country, has created a law wherein homeowners who have a deficit that is greater than $250,000 will compel the listing agent to provide the following:
(1) A record of the drop of prices on the property
(2) Showing Appointment Sheet
(3) They might request a record of advertisements made and where you placed them, such as online advertisement sites, i.e. Craigslist.
(4) A report that illustrates on why such changes were made in marketing the value of the property, like, what is the cause of the fall of prices?

A presentable house will have greater chances to be sold. As homeowners, it is also important to keep the house attractive as possible. Short sale homes that are neat and orderly have greater chances to be sold, or would get amazing proposal.

Take lots of quality pictures of the property being short sale. Mentioning the adage “pictures speak a thousand words”, homes being short sale that have numerous quality photos have greater chances for buyers to be interested on that property.

Show off the property’s finest features. For short sale agents, when you are marketing online it is important to highlight the nice attributes that the property have. If the home has a fantastic living room, make sure to include a couple of photos of the living room done in different angles. If a specific feature cannot accurately be represented using pictures, describe it in details in the property description.

Occupy the listing’s MLS with the right words and information. Make sure all information is correct. Fill your MLS as many photos as it allows. Compose descriptions that will have buyers interested and be able to experience what it is like to live in the home listing being short sale.

These are just some of the tips to assure approval from your lender and be blessed with buyers who’ll likely to grab great offers.

Other Articles to Read:

Why it is Important to Understand the Short Sale Process

3 mistakes to avoid when short selling your Gainesville home

Gainesville Short Sale Agents Rent To Buy Scheme

Determining if you have a Financial Hardship

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 Sale Agents

  

4

Fast Gainesville Short Sale Approvals on Fannie Mae Loans

Fast Gainesville Short Sale Approvals on Fannie Mae Loans Gainesville short sales are no longer easier said than done. Normally, before a Gainesville short sale on a home with a guaranteed loan can proceed, the approval of the mortgage insurance groups is a prerequisite. But now, Fannie Mae mortgage servicers have the means to expedite a short sale approval on Fannie Mae-backed loans as they have been given the power by five mortgage insurers to complete a short sale or deed in lieu of foreclosure without a separate approval from them.

The five mortgage insurers granting Fannie Mae the power to expedite short sales without their approval are the following: MGIC, Genworth, Republic Mortgage Insurance Co., Radian Guaranty, and the PMI Group, which filed for bankruptcy in November.

Fannie Mae entered into such agreement with these insurers as part of their endeavor to make the short sale process fast and increase completions of short sales.

Gainesville short sales significantly increased during the crisis. More and more homeowners on the brink of having their homes being foreclosed on are looking into short sales as an alternative. This significant change in the process of short sale approval will indeed benefit a lot of homeowners applying for a short sale.

Other Articles to Read:

Is the Nation ready to lose Fannie Mae and Freddie Mac?

Short Sale Process – What to Expect

Short Sale Top 10 Questions

My Gainesville Short Sale Appraisal Came in Low, Now What?

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 Sale Agents