Chance Gates' Blog

First a recap a “short sale” in real estate terms is when an owner has to sell a house for less money than is owed to the bank.

1).  Will the Seller go to http://www.makinghomeaffordable.com/requestmod.shtml ?

2).  Will the sell follow through with attorney recommendations?

3.)  Will the seller keep me informed of lender communications?

4.)  Does the seller have an actual hardship?

5.)  Does the seller have assets?                                                                                                                                                   If so, is the seller willing to use them if required by the lender?

6.)  Is the seller current with homeowners’ association fees?                                                                                         If not , is the seller able to become and remain current?

7.)  Does the seller have realistic expectations of the current market?

8.)  Is the seller motivated to get out of their situation?

9.)  Will the sell allow me to get discuss lien situation with buyer’s representatives?

10.)  Will the property be listed for an adequate amount of time?

11.)  Has the seller agreed to a for sale sign?

12.)  Has the seller agreed to a key lock box?

13.)  Will the property be easy to show?

14.)  Is the seller willing to do what is required so that the property shows well?

15.)  Will the seller agree to price the property realistically?

As a Reno/Sparks real estate professional, I encourage all questions or comments on the Reno/Sparks real estate market of any of the articles posted in this blog.  I can be reached by email at chance@ballard-company.com or http://www.myspace.com/chancegates