Baltimore Short Sale

Tips when Looking for a Maryland Short Sale Specialist

The services of a short sale specialist are exactly what you need if you’re seriously considering avoiding foreclosure and opting for a short sale. Although there may be hundreds of real estate agents in your location, it is highly recommended that you work with someone who specializes in short sales. There is an increase in short sale specialists in recent years as more homeowners are becoming informed of the advantages of a short sale vs foreclosure. The popularity of short sale, is because of the fact that several programs have been launched by both the government and private lending sectors to encourage homeowners on default to short sale rather than wait for their properties to go into foreclosure.

Despite these programs, selling and buying of a short sale property is generally a long, tedious, and painstaking process. Majority of homeowners only have limited knowledge when it comes to real estate. This is where the experience and expertise of a Maryland short sale Realtor comes in handy. They not only assist you in the preparation of documents, they also facilitate negotiations with the lender.

If you are a seller, you will need the services of a short sale specialist for various reasons:

Prepare a preliminary net sheet for the short sale package

Short sale agents will be responsible in preparing the net sheet for the short sale package. They assess all the important factors that need to be considered when determining the cost of the entire short sale process. They will also provide you with a review on the current market trends in your area, thus enabling you to come up with an acceptable price of your property.

Remind sellers of the documents that need to be filled out

A short sale specialist acts as a facilitator between the lender and a seller. An agent who specializes in short sales will be able to determine which documents should be filled out and completed immediately. It should be remembered that there are a lot of homeowners in financial hardship who are looking into short sale as their solution to get out of debt. Applying for a short sale early may give you the advantage of being approved right away. A short sale specialist makes sure that your documents are already complete before submission to the lender. Delayed submission of the documents may result in a delay or rejection.

Negotiate with lending institutions

If you want a smooth sailing short sale process, hiring the expertise of a short sale agent will help in speeding up the process. Agents who have experience in handling loss mitigation for several clients have accumulated knowledge about the proceedings of different lenders. In addition, a short sale specialist with excellent communication and negotiation skills may help sellers in convincing a lender to approve of their short sale in a short amount of time.

Where to find short sale specialists?

There are many venues where you can seek for expert short sale services. Here are some of the platforms where you can look for one to help you in your plans of short selling your real estate property.

• Real Estate Agencies

Contact a trusted real estate company in your community. They are certainly staffed with real estate agents that specialize in loss mitigation and short sale.

• Classified Ads

Your local newspaper features real estate agents. It is best to look at classified ads once in a while as most short sale specialists do advertise their services through written publication. Contact the agent immediately and talk about the short sale process in general. Try to schedule a meeting to talk about the process and the commission of the specialist once the short sale is finally closed. However, our short sale services are always free to the homeowner in hardship!

• Real Estate Agent Online Forums

The easiest way to find a short sale specialist is looking through online forums. You need to participate in forums in order to find a short sale specialist who can work with you in your community. When looking for specialists online, you need to be careful as well. There are agents who claim that they can help you with a short sale, but may even be a burden to you. There are novices who are attempting to market themselves to be short sale specialists due to the increased demand for this type of agent nowadays. An online forum will enable you to check the credibility of a short sale specialist as well.

Ask for referrals from friends and relatives

You may know friends or family members who successfully closed a short sale. It may be best to use the services of their Maryland short sale specialist Realtor. This is especially true if you are living within the same area or community. In this case, you can even get advice as to which documents are required to speed up your short sale process. So, contact an experienced Maryland short sale Realtor who fits the criteria you are looking for, and get your home sold!Contact

The Short Sale Specialist Network

We are a nationwide network of offer 8,000 short sale specialists who offer no cost short sale assistance to home owners who are in financial hardship.  If you need to be connected to a Maryland short sale specialist, fill out the form below, and an expert will be in touch with you shortly.  We will guide you through the process and connect you with an agent who is highly experienced and trained in short sales.

www.Short-Sale-Specialists.com

877-737-4903

Ask a local short sale specialist!

Do you need a Maryland short sale specialist to help you  stop foreclosure on your Baltimore Maryland home,? Then you are in the right place! Our Baltimore MD area Distressed Property Expert real estate agents are here to help, and are Certified or trained in the Maryland Home Affordable Foreclosure Alternatives, or HAFA Government short sale program. With the assistance of an experienced specialist, you may be able to avoid Maryland foreclosure by choosing one of the many alternatives available. If you are looking for ways to avoid Maryland foreclosure, contact us to speak to a local expert to offer no cost assistance.

Copyright First Coast Realty Associates 2012

If you are considering a short sale, you should know that an experienced Baltimore short sale Realtor is a MUST! The short sale process differs greatly from a traditional sale and requires an agent with extensive knowledge in the area to successfully complete one.

So how can you as a seller make sure you hire a competent listing agent? The first way is to call us! Our agents are not only experienced in short sales, but all have access to our short sale training program as well as many other resources. The average agent within our network has closed more than 50 short sales!

Short Sale Lingo
Like every area of business, short sale Realtors have their own set of vocabulary pertaining to short sales. Here are some examples of questions to ask potential listing agents.

• How many short sales have you closed?
  • This will give you a great idea of exactly how experienced the agent it.
• How long does your average short sale transaction last?
  • In many cases this is out of the listing agent’s hands. However, if the agent consistently takes long periods of time (a year or more) to close deals, it’s abnormal.
• Do you typically get borrowers forgiven of the deficiency?
  • The deficiency is the difference between the loan payoff and the sale price. For example, if a borrower owes $100,000 on a home and sells the home short for $75,000, they still owe the bank the deficiency $25,000. Our Realtors communicate very well with lenders, generally resulting in complete forgiveness for the borrower.
• How often do you communicate with the lender?
  • This is very important! Listing agents need to be in constant contact with lenders, keeping the seller and buyer’s agent informed along the way. Harassing the bank is unnecessary, but showing you are serious about the transaction is a must.
• Will you charge any fees at all?
  • You should never be charged a penny throughout the short sale process. Your lender will pay all of your closing costs, including your Realtor’s commission. We do not allow any of our Realtors to charge sellers any fees of any kind.

Here’s a hint, if the Realtor you are “quizzing” is unaware of any of the verbiage above, they are unqualified! For more information on the short sale process, visit www.Short-Sale-Specialists.com or give us a call. You will speak directly with a short sale specialist who can answer any questions you may have.

Once again, you will not be charged a penny!

www.Short-Sale-Specialists.com

877-737-4903

Are you looking for a Baltimore short sale Realtor? Look no further! Our stop Maryland foreclosure specialists provide FREE short sale expert services to Baltimore homeowners in hardship. Call today to see if you qualify for a short sale! Need a Baltimore MD Distressed Property Expert Certified in short sales to offer free Chase short sale services? Our Baltimore area Distressed Property Expert Certified real estate agents are here to help, and are Certified or training in the Maryland Home Affordable Foreclosure Alternatives, or HAFA Government short sale program.

Our organization does NOT directly offer short sale or foreclosure rescue services in the state of Maryland. CLICK HERE for more information on our
services.

Copyright First Coast Realty Associates 2011