Good short sale agents

Banks have real got a lot better at the short sale process in Algonquin. Most lenders are getting better at doing this type of transaction. An experianced Huntley Realtor will know what the lender wants to see and how they want to see it. A short sale listing will go throught much of the same marketing as a regular sale but once an offer is accepted that is when the short sale specialist starts their work. How you package the short sale and how and when you contact the lender can make a big difference. Sometimes you can save alot of time just by knowing which forms the lender that you are dealing with would like you to use. The timeframe to complete a short sale is much lower now than it was in the past. There are now guidelines from Fannie Mae and Freddie Mac that force the banks to handle short sale in a way that shortens the timeframe to get an approval. If you need to move on in a certain period of time your Huntley short sale Realtor can help you make that happen.

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A good Algonquin short sale Realtor will know how to price your home.Your Huntley agent will have the knowlegde to price your home in order for it to sell and get approved for the short sale. You have to recieve a high enough offer that the lender will approve the sale. A shrt sale in Huntley or Algonquin is a distressed sale and must be priced different than a regular sale. But they will also want to limit their loss and make sure that they are recieving as much nas they should in the sale. But if your Huntley short sale agent shows the lender enough information on why the should accept a certain amount it helps them to approve the short sale.

A short sale agent can help you find goverment programs that could help you avoid foreclosure.Algonquin homeowners have goverment programs available to help them avoid foreclosure. There are progrms that will help homeowners keep their home with a loan modification. Hamp programs can help some refinance their mortgages even if their home will not appraise high enough for conventional refinance. Home owners can even recieve moving expenses in th HAFA program of up to $3,000.00 at closing. Some lenders are even offering their own incentive programs that could allow homeowners to walk away with funds at the closing. A good Huntley short sale Realtor will let the homeowner know about all the available programs that could be usefully for them to aviod foreclosure.

How long can it take for an Algonquin short sale process to be completed.Having you short sale lender waive the deficiency is the most important part of the short sale process. Because of the Mortgage Forgivness Act you may not owe taxes on the money your lender loses. Their are ways of getting the sale approved without being late on your mortgage so your credit would not suffer as much as someone who has missed 6 to 10 mortgage payments. Many homeowners can obtain a new mortgage and buy another home two years after they have completed a short sale. Homeowners should talk with their CPA and their attorney to find out how a short sale will affect them. A good Algonquin short sale agent can be a valuble asset to a homeowner facing forclosure.

A good Algonquin short sale Realtor can answer all your concerns up front about how long this could take.To sell a short sale in Algonquin and the surrounding are you will need to market your property for a month or two. Most lenders are now approving short sales within sixty days. Once your lender approves your short sale they would like to see it close in 30 days. The entire short sale process can take between 3 and 6 months to complete. Most lenders will want the homeowners to stay in the property while the sale is being processed. If the property is vacant alot of thing can go wrong and most lenders prefer that the homeowner stays in the house. An Algonquin short sale agent can help a homeowner from start to finish in the short sale process. huntley short sale agent

