Sometimes we get calls from the public or even referrals from other REALTORS that ask us to help people who are behind on their mortgage payments and perhaps had an ARM come due or other hardships that cause them to not be able to afford their property and they ask us to list a home to sell subject to lenders approval of a short sale.
There is a lengthy pre-qualification process (we interview the sellers and with their permission, the lender involved) before we even accept the listing or referral.
Sadly of late, people are waiting too long before asking for help.
Just this week we had a potential client tell us that they've received notice by certified mail that their home was being foreclosed and that a sheriff's sale was scheduled.
As Real Estate Brokers - the only service we can provide, knowing this, is to refer them to local attorneys (if they don't have one) familiar with this process, before we take the listing.
Fannie Mae is cracking down on the length of time it is taking to file foreclosure proceedings on those loans that are delinquent.
Click here for the Fannie Mae Foreclosure Time Frames chart from state to state (IN= 210 days).
Don't Wait Until it's Too late to Contact Us to sell Your Home Subject to Lenders Approval of Short Sale.
Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.
Sincerely,
Jeff & Grace Safrin, Broker / Owners
F.C.Tucker 1st Team Real Estate
13 Lincolnway Suite # 203
Valparaiso, IN 46383
Office # 219-309-9930
serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana
Independently Owned & Operated
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