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Foreclosures and Short Sales
Great Deals Can Come With Many Headaches.
To some extent the metro area of New Orleans escaped the early onset of the
Foreclosure wave. In turn avoided the Short Sale nightmare.
But with a still uncertain financial and employment market, there is sure to
be even more Short Sales in the future.
Short Sales can mean great
deals for qualified buyers. But the process for the Seller, and their
agent, is long and weighted with paperwork and endless phone calls to the
mortgage company while each day ticks away to possible Foreclosure.
The biggest problem is that many agents do not know how to service a Short
Sale listing. If you meet with an agent and they are ready to proceed
without any questions or determinations if in fact you can seek a Short
Sale... STOP! Short Sales are not automatic. Without the proper
course of action and paperwork your mortgage company does not have to accept
a Short Sale offer. You must enlist an agent that
has training and experience in Short Sales or you will have wasted precious
time and may end up in Foreclosure without any time to attempt a sale.
This is the same with Foreclosures. Don't wait until the end.
Contract a qualified agent the moment you miss a payment. Discuss your
options and the possible solutions.
Coming from the Short Sale
capital of the US - Las Vegas, I am bring first hand knowledge of the
process and can provide you with the information and guidance that will be
necessary to complete your transaction.
Even if your are a Buyer,
your agent still must have an understanding of the process of developing and
presenting an offer.
Contact me, I will sit down with you and
explain the entire process, go over each form that I use and what you will
be facing with your mortgage company.
CONTACT DAVID
504.704.9720
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