Focused on happy families, not just real estate. I’ll help you find your jewel in the pines.
Wally Johnson
CA Buyers Specialist
CA License # 01848595
Deb Howard & CO
530-277-5687 Cell
530-542-2912 Office
530-542-8657 Fax
realtordeb.com
Short Sale Questions for Listing Agent
• How many short sales have you closed as the listing agent? Explain the process.
• How do you handle offers?
• Who are the lenders on this listing? Are there 1 or 2 deeds of trust? Private or institutional? Any other liens?
• Has the seller considered or been approached yet by their lender to modify the loan on this property? If the seller could modify and stay in the property, would they? Why is seller moving?
• Has the seller completed the short sale package? Do you have all of their docs (tax returns, completed application, etc.) already and have verified hardship?
• What communication, if any, have you had with the lender (s)? After you submit all docs, including my offer, how long will it take to close? How often do you call the lender? How often will you call the selling agent?
• Have you received any other offers that you are waiting to hear back on from the bank? Has the property been approved for a short sale prior and not closed? Why?
• Does the loan have PMI (mortgage insurance) which may require another level of approval or a pre-payment penalty? Is the loan FHA or VA requiring another level of approval?
• How far away from foreclosure is the seller? Has a Notice of Default or Notice of Sale been filed?
Short Sale Questions for Selling Agent
• Is the property priced at fair market value?
• How long has the property been for sale?
• Ha s the price been reduced? How often?
Tags: Lake Tahoe, Lake Tahoe Real Estate, Real Estate Short Sales, Short Sales, Short Sales in Lake Tahoe
