Short Sale Sellers: Avoid a Hurdle and Pay Your HOA!

Short Sale Sellers: Avoid a Hurdle and Pay Your HOA!

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 the HOA. It took several months for the short sale seller to come to terms with the first and second lender, but it took almost just as long to come to terms with the HOA.

While the short sale listing agent did an excellent job at negotiating with the HOA, which included the board, an attorney & property manager it still delayed the entire process.

While not all Wellington short sale sellers can afford to pay their HOA dues I highly recommend staying current if they can.

If you are thinking about selling or buying a short sale contact us today to guide you through the entire process from start to finish.
Originally posted athttp://wellingtonhometeam.com/wellington-short-sale-sellers-avoid-a-hurdle-and-pay-your-hoa/

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Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords, and Tenants with their real estate needs.

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