Posted by Chris On March 28
This is the 3rd tip of “10 Questions You Should Ask About Florida Short Sales” eBook, which is available as a FREE download.
This is a very frequent question, and its analysis is a bit complex because “cost” is such a broad term. Later in the eBook, we will look at Promissory Note requirements, cash contributions and association dues as potential “costs” of completing a Naples short sale. For this section, let’s simplify things a bit and look at standard transaction or closing costs and what you should expect to pay (or not pay).
With regard to ordinary closing costs, a short sale should cost you very little. Here’s why. In a short sale, the lender will agree to absorb many of the ordinary closing costs that are customarily the seller’s responsibility. In our experience with Florida short sales, lenders will usually agree to absorb at least the following closing costs:
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Posted by Chris On March 25
I am traveling today; and as I slumbered through the morning air travel ritual I was startled awake by the unexpected. I was sincerely wowed by a couple of things that were just out of the ordinary.
If you have ever had the pleasure of flying in or out of Southwest Florida International Airport, you may not be surprised by this morning’s account. But when I compare the experience at RSW to that at any other airport I’ve been to, I am indeed WOWed.
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Posted by Chris On March 14
This is the 2nd tip of “10 Questions You Should Ask About Florida Short Sales” eBook, which is available as a FREE download.
In a nutshell, the lender’s right to pursue you for the deficiency after a short sale stems from your obligation to the lender under the Note. If you remember, when you took out your home loan (whether to refinance or to purchase), among the hundreds of pages were two very important documents:
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Posted by Chris On March 1
Hey there! Just wanted to give you a heads up that the Bonita Springs-Estero Association of Realtors® will be presenting the Southwest Florida Global Real Estate Expo tomorrow (3/2/12) from 9am to 5pm at the Holiday Inn Airport.
I’ll actually be a part of the short sale and foreclosure panel from 11 – 12:30 pm, so if you plan on attending, I hope to see you there. It’s only $10 and it’s open to the public so it would be great if you would attend. 🙂 Here are the rest of the details:
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