Yes, homeowners with two loans can apply to short sale their Wellington FL home. However it is important to keep in mind not all short sale sellers will qualify to short sale their home, regardless of the number of lienholders. There are many variables when it comes to short sales and it is important for sellers to hire an experienced short sale [...]
Michelle Gibson
When entering the world of short sales there are a lot of unknowns, so it is extremely important that buyers understand the short sale process and set their expectations accordingly. If you are a buyer considering pursuing a Wellington FL short sale here are a few things you can expect: Short Sales are NOT Short! As a Short Sale Buyer expect [...]
What’s worse than an Unrealistic Seller? I think it is common for a lot seller’s to think their home is worth more than their neighbor’s house that sold down the block a few months back and therefore want to ask X amount more. Unrealistic Seller What’s Worse Than an Unrealistic Seller?They have granite and their [...]
Every short sale will have several hurdles that need to be jumped in order to reach the finish line and one of the biggest hurdles I have encountered over the past year in Wellington Florida are HOA liens (Homeowners Association). Last year I had a short sale buyer purchasing a short sale that had three lienholders; first mortgage, second mortgage and [...]
Short Sales Stay on The Market a Long Time! It is very common to see a short sale have a DOM (Days On Market) well over 100 days, 200 days, even 300 days. So why are these short sales still for sale? Here are a few possible reasons: The home is no longer for sale, but still appears [...]
I have been assisting Landlords and Tenants with their rental needs for almost a decade now and know how to put together a Winning Rental Offer. First and foremost Tenants looking to rent a home in need to be prepared BEFORE they start their rental search. I require tenants to fill out our Online Rental Questionnaire, [...]
There are a few misconceptions when it comes to short sales and whether or not a Wellington short sale seller or their bank has to sign a buyer’s offer. First, a short sale is an agreement between the short sale seller and the buyer, NOT the short sale seller’s bank(s). Even though the seller needs short sale approval [...]
It is very common to see a short sale have a DOM (Days On Market) well over 100 days, 200 days, even 300 days. So why are these short sales still for sale? Here are a few possible reasons: The home is no longer for sale, but still appears “Active” in the MLS The home is [...]
If you are interested in purchasing a short sale there are several pitfalls that can come up along the way. However pitfalls can also come up if you are purchasing a bank owned home or traditional sale (home with equity), the risk varies. Here are the top 5 Wellington FL short sale pitfalls that I have experienced [...]
Yep, the words “I’m a Cash Buyer” mean absolutely nothing unless you have a suitcase full of money or the documentation to prove it. Technically ALL buyers are cash, the only difference is where the money is coming from, your personal account or your mortgage lenders. A while back a potential buyer contacted me and [...]
