The following are crucial questions that determine the presence of a financial hardship:
1. Why do you need to short sale?
2. Did you try to get a loan modification from your lender? If yes, how did it go?
3. Why was your loan modification turned down?
4. Have you tried to work out a deed in lieu?
5. If yes, what was the outcome?
6. If this is your primary residence, how long have you lived there?
7. Do you live in the property at present?
8. What changes did you make since you got the mortgage on this property?
9. What are your financial hardships?
10. Are you current on your mortgage payments?
11. When was your last payment?
The information provided on the short sale documents should be consistent with that of the loan modification documents, unless verifiable circumstances have changed.
The seller’s commitment to go all the way through with the short sale process is very crucial. Make them understand that the less of a hardship they have, the more contributions they will be required in a form of cash, promissory note, or both. Your efforts will serve futile should they refuse to contribute in the end.
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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