I mention this because when Short Sales are being performed, especially in the North Miami, Florida area, there is a fifty per-cent chance that they will be unsuccessful. If you want to increase your success, I have provided several guidelines that hopefully you'll find helpful when navigating the perilous waters of Short Sales and Loss Mitigation Negotiation.
To start with, you should never attempt this on your own. When you're flying from your hometown to another destination, do you ever pilot the aircraft? Didn't think so. How about when you're at a restaurant awaiting your meal? Do you actually cook the five-star food that's been approved by judges from around the world? Nope. Therefore how is this any different? You should always seek the help of a Real Estate professional, someone who has either helped list and sell short sales such as a Real Estate agent who actually has a track record or a Real Estate investor who has already purchased properties via Short Sale in the past.
You'll wish to look for verifiable proof that these professionals have completed at least two or three transactions in the past several years.
Once you've got your connection, your navigator under your belt, don't just let them fly the aircraft on his or her own. Stay involved in the process. Follow up and see to it that the expert that you've chosen is doing their job correctly and accurately. This is where things can get a little difficult. When you're taking a trip on a plane or dining at a five-star restaurant, you don't necessarily need to constantly follow-up with the Pilot and the Chef, but we're talking about your house and your monetary future here. There is a lot more at stake or steak depending where your mind is.
In addition to following up with your chosen qualified professional, always bear in mind that the person who ultimately benefits from this transaction is you. The entity that ultimately holds the decision to let you off the hook is not your chosen professional, but the bank that holds your mortgage. Make sure that you keep in contact with your mortgage servicers to make sure that everything is on the right path.
Hopefully this article has helped you a little further when looking to solve your Real property problems.