Asheville Homes and LAND!- The Keep In Touch Blog

head_left_image

Asheville Distressed Short Sale Remedies

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 on the look out for good short sale adviceclasses 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? 

_______________________ _______________________________________________________________________
__~o
 -\_<,                                       
(*)/'(*)    ..........      ............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

________________________________________________________________________~~~~ ___________

 

 

True Guide to AGING IN PALACE eBooklet Becomes Amazon Best Seller

 
Your Home for Today and Tomorrow- Smart UP-Fitting
GO HERE - for Tips & Talking Points.
 Home Decorating, New Space Design

 

Aging in PaLACE eBooklet

 

"Helpful starting points for talking about and designing
a functional and BEAUTIFUL lifelong home."

 

Asheville NC Real Estate Journal for RESOPURCES & REFERRALS -Mountain Homes and Land Legacies- Asheville 1031 Realty© 2014.  Designations: NAR GREEN®, EcoBroker®, Eco Certified ®Real Estate Consultant, ePRO®. Unauthorized reproduction of any information including photos and graphics on this site is a violation of existing copyright laws.  All rights reserved.

he Necessary Disclaimer! We disclaim liability for damages or losses, direct or indirect that may result from use of or reliance on, information contained in the blog or for accuracy of comments or opinions of visitors to our blogs.

 

DAILY  ASHEVILLE AREA NEWS YOU CAN USE 


* INFORMED CHOICES* THOUGHTFUL ADVICE* DATA INTERPRETATION*
-Tell us what is most important to you-
 Email me janeAnne@janeAnne.com  or give a call at: 828-776-0779

LIC #:209970

Comments

Thanks JaneAnne. I am in the middle of a short sale now, as the buyer's agent, and feel like there is nothing I can do from this end. I will contact listing agent and make sure everything was sent in a timely fashion that the bank would want to have.

Posted by Betty Hesaltine (Sarah Bice and Associates Real Estate, LLC) about 9 years ago

These types of courses are so valuable. There are lots of ins and out to the whole process.  When a condo is involved... there may be other "lienholders"  eg. the association... and all lienholders have an interest in the property which must be addressed.

Posted by Joan Whitebook, Consumer Focused Real Estate Services (BHG The Masiello Group) about 9 years ago

This blog does not allow anonymous comments