Short Sale Process in Palm Beach County & Martin County
The Treu Group, your Palm Beach County and Martin County short sale team has the proven process that helps you avoid foreclosure. You deserve a team that has proven expertise with helping clients with their distressed situation. So how do you avoid foreclosure? So you are thinking about selling your Palm Beach County or Martin County home as a short sale. What can you expect from the Treu Group during a short sale? Let us walk you through the Proven Process to help you avoid foreclosure on your Palm Beach County or Martin County home.
1. Before you get started, you need to start with a consultation. You have questions and we have answers. We will meet in our office and walk you through was we anticipate for your lender with your specific conditions. Each lender and seller is different so we will create a personal approach to help you sell your home through the short sale process.
2. Once we are comfortable that we can help you with the short sale, we will list your home. All of the forms will be completed up front so we are always ready for the offer and short sale negotiation.
3. This is where the fun part starts. The marketing of your home is critical as you need a buyer to start the short sale process. Our Marketing Coordinator will come and put a lock box on the property, prepare all of the marketing to get an offer. We have a short sale marketing program that allows us to start the short sale negotiation process.
4. Your home will be listed so that all buyers and agents will have access to your home.
5. Soon we will have an offer. How we put the offer together really matters. In fact, this is a very important part of the process. The main reason short sales are denied is due to the way the deal is structures or the offer price. Our process is rock solid and gets our short sale deals to the closing table. We will negotiate all of the terms to increase our odds of getting a yes for you too.
6. The contract is executed so now the real work begins. Our negotiator will get all of the paperwork together so we can submit all of the correct papers to your lender. The listing status will now be changed to contingent per the MLS rules. All other offers will be a back up offer.
7. As a part of the short sale process, the buyer will complete the inspection within 7 days from executed contract. We want to make sure we have a serious buyer before we take it off of the market for a long period of time. If there are issues that are legitimate, we can factor that in while we are negotiating the short sale with your lender.
8. This one is critical. The bank will order either an appraisal or BPO, also known as a Broker’s Price Opinion. This will establish the amount that a bank will approve. There has to be a proven strategy to make sure we get the correct value on your home.
9. It is time to celebrate. Once the approval of the short sale is received from your bank, you will contacted to review the approval. Once you are comfortable in moving forward, the buyer will be notified of the approval.
10. Now we finalize the details. At this point, the contract to close process begins.
11. All of your closing costs and commissions are paid by your lender. You never pay for commissions or closings cost.
12. The buyer is ready to close, the end of a long process, yeah. This is what we have all been working for and it is a day to celebrate as the underwater property and foreclosure concern is now behind you.
Are you ready to meet? Call us at 561-352-3056 or contact us through this form!
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2017 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
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Listing information last updated on September 25th, 2017 at 2:52pm EDT.