Short Sale Tips
A short sale can keep you off foreclosure and save your credit score, but as most troubled borrowers will tell you, it’s not that simple. That’s why it helps to look up short sale tips and get professional help if you’re doing a short sale. Even a few simple short sale tips can make all the difference between success and failure—and define your financial future.
So where can you get the best short sale tips? Here are a few good resources you can try.
Real Estate Agents. A realtor who has short sale experience can give you short sale tips for negotiating with your bank and finding a good seller. Besides short sale tips, they can also help you with the selling process, from gathering papers to closing the deal. They may cost you more, but the short sale tips and advice they provide is more than worth it.
Short Sale Attorneys. Working with a short sale attorney gives you more power to negotiate, both with lenders and potential buyers. They can give you short sale tips from a legal perspective, explain local laws that affect the sale, and help you come up with an efficient strategy. Some may even have contacts in the field who can give you more short sale tips and increase your chances of getting approved.
Government Agencies. The government now offers a short sale program called Home Affordable Foreclosure Alternatives (HAFA), where you can get short sale tips and get help carrying out your short sale. This is especially useful for people who do not qualify for loan modification and other mortgage solutions. You can visit your local FHA office and ask for short sale tips, or consult your lender to see if they’re part of the program.
Online Resources. A quick browser search will turn up dozens of sites offering short sale tips from planning and budgeting to after-sales strategies. Short sale tips may vary from one site to another, so it’s best to read from as many as possible. Just make sure to check your sources and make sure they’re trustworthy—the best short sale tips usually come from law firms, banks, and government agencies.