Sarasota Foreclosures ? Beware Home Warranty Scams!
Some real estate agents certainly hurt sellers desperately needing to avoid foreclosure. Whenever you or severalone you know requirements to short sell to avoid foreclosure, please pay close attention.
Facing foreclosure produces enough stress as it is ? goes along with no getting to sort by the entire the BS to get the help you need.
When the housing market crashed, closely 100% of the entire real estate agents in as well as around Sarasota, Florida, lost their ?jobs.?
Overnight, Sarasota real estate changed. No more throwing a house overto the MLS & selling it in minutes?with multiple offers.
No more house hunters flooding the realtor?s voicemail box goes along with requests for help buying a first house?a 2nd house?or 5 investment adequateties apiece.
Today, houseowners need as well as demand realtors who know how to help them avoid foreclosure ? they demand realtors goes along with proven short sale experience.
Unfortunately, realtors who raked in commissions a couple years ago are out of work today. The market turned over a dime as well as they do not possess the requisite skills to help people. But that is not stopping them.
Many agents feel the entire they need to become ?proven? is to need a Certified Distressed Property Expert (CDPE) course or attend a workshop.
Case in point: nowly, my friends Mike as well as Sandy asked me to help them?yet furthermore. Already, I had short sold two several other adequateties for them. For their 3rd, I was not?t able to commit the time requisite to help them.
They chose a smooth-talking listing agent associated goes along with a big-name brokerage. They expected the same results as I had gotten them Mike & Sandy failed to ask this agent the questions I had providen them.
For 12 months, this ?certified short sale expert? fumbled around goes along with this listing. Mike as well as Sandy no long timeer may need it any long timeer. They did not would like to the bank to foreclose over them.
Unfortunately, this agent as well as his broker made it difficult for Mike & Sandy:
* Broker refused to let Mike & Sandy out of a listing agreement.
* Unbeknown to Mike & Sandy, they had signed a listing agreement holding them hostage for 14 months.
* To get out, Mike & Sandy would have to pay ,000 to get out early.
* Further, this listing agent had overpriced the listing by ,000?,000 DOLLARS!
In the meanwhile, the 2nd mortgagee had charged off, selling the debt to a 3rd regiony debt collector as well as the HOA had turned over delinquent HOA fees to their attorney who had ?liened? the adequatety.
When I need over, I was method beyond the proverbial 8 ball. To short sell the adequatety in the limited time remaining prior to auction, I had to ascertain a buyer, prove reduced monetary value to bank?s valuation expert, negotiate settlement from debt collector over 2nd & negotiate lien release goes along with the law firm re: unpaid HOA fees.
In just 4 months, I sold the house, removing unbearable stress from Mike & Sandy. Ironically, the former list agent had been a ?top producer? over the boom years.
Unfortunately, a the best-producing real estate agent over the boom years means NOTHING today. Whenever you owe more than your house is worth, you need a Realtor goes along with proven experience in short sales?if short selling is determined to be in your best rate. Need to sell short? Call me currently or visit my weblog for 9 specific questions you should ask a listing agent to avoid signing a list agreement goes along with a nice several nevertheless unproven real estate agent.
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Source: http://newjerseyrealestatehome.com/sarasota-foreclosures-beware-home-warranty-scams.html
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