Short Sale Info

By
Real Estate Agent with Main Street Properties

Short Sale tidbit:

 

When dealing with HUD and their appraisal value comes in less than the sales contract price you should expect they will want you to lower the contract price. With this in mind do not wait for HUD to tell you to do it. Take the initiative and amend the contract and get that to the loan servicing company asap and you will save several weeks of processing time.  88% of the appraised value is what HUD required to net.

 

Jack Lara, Broker-Associate

Better Homes and Gardens Real Estate

Main Street Properties

 

(850) 554-9543

 

Mobile Real Estate Site: JackLara.com

Desk Top Real Estate Site: PensacolaAreaProperties.com

 

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Rainmaker
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Jack Lara

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