The Mesquite Nevada Real Estate Blog

Mesquite NV Short Sales and Pre - Foreclosures

There are many requirements to successful short sales - also known as pre-foreclosures. If you are thinking of selling your Mesquite NV home as a short sale, get ready to answer a lot of questions from your real estate agent.  This is a list of things that you need to know or find out before you think about listing your home.  Your real estate agent will be asking you.

You may want to compare your home to other short sales and foreclosures in Mesquite.

Wendy Rulnick is a renowned short sale agent in Destin Florida and the Emerald Coast and one of the experts who contribute on the ShortSaleSuperStars website. 

Thanks, Wendy, for another excellent article, 21 Questions to Ask the Short Sale Seller:

 

 Listing Short Sale 

 

 

Quick!  A potential short sale seller calls you to list his propertyWhat questions do you ask?  Here are a few to start the conversation....

1.       Who are the mortgage holders on your property?

2.       Approximate balances?

3.       Is your loan VA or FHA/HUD? 

4.       Do you have a hardship?  If so, what caused it?

5.       Would you prefer to keep the property?

6.       Have you tried a loan modification or other type of work-out?  If so, what was the outcome?

7.       If FHA/HUD - have you started any pre-foreclosure sale paperwork with your lender?

8.       Have you applied for the HAFA program?

9.       Have you consulted an attorney?

10.    Why do you want to short sale?

11.    Do you or have you ever occupied the property?

12.    Are your payments current?  If not, how many months have you missed?

13.    Do you have enough income to pay your all your monthly debt?

14.    If you are current on your payments, where are the funds coming from - savings or some other source?

15.    Are you current on association fees?

16.    Do you have other liens or judgments?

17.    Have you had a foreclosure notice yet?

18.    Who else is named on the mortgage or deed? 

19.    Do you have funds to contribute if asked by your lender to approve the short sale?

20.    Would you agree to pay a promissory note if asked?

21.     What questions do you have for me? Short Sale Superstars

For other tips on short sales, check out www.ShortSaleSuperstars.com.  There are almost 5000 members sharing information to help each other succeed with short sales.  Find out how to list them, how to sell them, how to save your sales and how to speed up your approval times.

Join www.ShortSaleSuperstars.com today- it's FREE!

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

REGrow, LLC

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

Email Wendy: itswendy@rulnickrealty.com

 

                                                                                                  Facebook WendyRulnick   Wendy Rulnick Twitter  Wendy Rulnick Blog Feed

 

                                 Mesquite Nevada Real Estate Agent  ~ ~  ERA

Virginia Hepp
 
Virginia Hepp ~ Mesquite Realtor
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Comment balloon 11 commentsVirginia Hepp - Mesquite NV REALTOR • November 24 2010 12:03AM
Mesquite NV Short Sales and Pre - Foreclosures
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