Dateline Asheville, North Carolina, August, 2009
Real Estate News and Views from Green Asheville's "Stay-in-Your-Home" Eco-Steward
Always on the look out for excellent information, my colleagues at our Firm and I have attended many classes and seminars on short sales-sale of a home in which the proceeds will be less than the balance owed on the mortgage loan here in Asheville and beyond. One of my favorites was presented by two (2) real estate attorneys and a CPA where I learned to ask the "right" questions.(see below) . Think of the combined experience the seminar leaders possess, and you will know why I say that learning experience is "one of my favorites"....
Nowadays, it is important to have a handle on the entire short sale process and then to be able to convey it to clients. Certainly this seminar gave me and my colleagues a deeper appreciation of the distressed property market not only here in Asheville, but in the larger view. It is complicated on both the buy and the sell side. Navigating it with skill means not only research, but hands-on practice.
Here are some questions that must be asked:
1) Has a notice of default been filed on the property?
2) Has a "proof of hardship package" been turned in to the lender(s)?
3) Who is/are the lender(s)?
4) Has the lender assigned someone specifically to the short sale of the home that can be spoken with?
5) How close to foreclosure is this property?
(*)/'(*) .......... ............to keep on rolling into the sustainable world you can create today and tomorrow!. ......................... .............with OBJECTIVE FIDUCIARY COUNSEL & Asheville Short Sale Consults. ECO STEWARDS' LEARNING TOURS. Serving Asheville's Stay in Your Home and on your LAND Clients. HOW TO AVOID FORECLOSURE - "GREEN" Real Estate and Relocation: The Eco-Steward Firm, ALL Eco-Certified® Real Estate Consultants! Copyright © 2009 All Rights Reserved
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