Hello everyone and please pardon my recent absence. I've been very busy taking care of out of state buyers wanting homes in Hernando County. Over the past six months I have come to the realization that unless a short sale is being mitigated, or watched over by an attorney specializing in real estate law and short sales the process of selling or obtaining a short sale home is rather lengthy.
So lengthy in fact, that the house many times will not appraise to the selling price if it is going to be financed by the new buyer.
You need an attorney that specializes and is experienced in handling short sales. These attorneys have phone numbers inside the lender’s offices that we as Realtors, buyers and sellers do not have. Additionally, a good real estate attorney knows the minefields of a short sale and can prevent a deal from falling apart by working with the legal team of the lender.
I keep on tap two attorneys for these matters and am looking for a third. These attorneys are just as important and integral to my success as is a good mortgage company, title company or home inspector.
When I get a call from a homeowner who is in trouble, I will gladly take the listing, BUT, only if they will put an attorney on retainer. Generally speaking the cost to hire an attorney is about one month's mortgage payment, and the attorney is well worth the expenditure.
For now that's it from Spring Hill Florida, where the weather is sunny tropical and the home buys are by far the best in the USA.
