Call Sarasota's Short Sale Expert
When you are ready to take the first step to explore your options to avoid a foreclosure in Sarasota, more than likely, all of the information may seem a bit overwhelming. That's where Charlotte comes in. She will help guide you through this complicated (but worth it) process, each step of the way. As a Certified Distressed Property Expert, Charlotte has the experience to deal with the short sale process.
The following steps are a general overview of the process you will go through if you decide to work with Charlotte:
STEP ONE: RESEARCH YOUR OPTIONS
Contact Charlotte Lynn with Coldwell Banker for a confidential discussion to learn what your options might be to avoid the foreclosure of your home in Sarasota, Florida. Request the FREE Reports to your e-mail or call Charlotte today at (768) 877-9454. IMPORTANT: Call your accountant/tax attorney before you decide your course of action to learn possible tax or legal ramifications with a short sale or foreclosure. It is important to know what type of deficiency judgment you are facing whether you foreclosure or do a short sale.
STEP TWO: LEARN ABOUT THE DIFFERENCES BETWEEN A FORECLOSURE AND A SHORT SALE
Read the FREE Reports to learn more about the differences between letting your home go into foreclosure vs selling as a short sale, and what the common mistakes homeowners make that cost them their home! There are many myths surrounding the term 'short sale'. Lenders are changing their policies at a fast rate to adapt to this new market and are often willing to work with homeowners.
Read about the Making Home Affordable plan to learn whether loan modification could be an option.
If a short sale is determined to be your best option, Charlotte will provide you her Homeowner Doc. Prep Checklist. This is a complete list of all the documents she will need to prepare in order to begin negotiations with the bank(s). Again, please consult your tax adviser and learn about your tax consequences.
Read about your IRS Tax Consequences in
The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
Download IRS Form
Form 982 for Reduction of Tax Indebtness Due to Discharge of Indebtness
STEP FOUR: MARKETING THE PROPERTY
The next step with a short sale is to list the property with Charlotte Lynn and Coldwell Banker Real Estate. Charlotte will carefully analyze the surrounding real estate market and give an expert opinion of value so the property is priced well. She will then implement her aggressive marketing plan to attract as many offer(s) as possible.
Once Charlotte has a qualified buyer for your property and an accepted offer by you (the Seller), she will submit the Short Sale package to the professional negotiator, who will in turn, submit to the lender(s) and will negotiate on your behalf to obtain a favorable short sale acceptance. This process can be the most nerve racking because it can take a long time for the bank to process the file through the channels necessary to get us to the acceptance or negotiating stage.
When we receive approval from the lender(s), escrow is opened and carefully tracked to ensure a timely and smooth closing.
STEP SIX: MOVING DAY
There is a light at the end of the tunnel! Moving day is approaching so you move forward with your life without stressful calls from the banks. If you need help finding a rental, Charlotte can help find the perfect home for you!
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Charlotte Lynn
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