How do i do a short sale and fast?

Question

how do i do a short sale in florida on my home ,,,i need to dump this thing and fast...short sale on my home in sarasota florida34239

Answer 1

There are no fast short sales, and no lender will allow you to do this yourself, they will require that the home be listed with a Realtor.

Answer 2

Yeah... short sales are not fast. See if you can get someone to assume the loan. Much faster and it will cost less.

Answer 3

Believe me, that's a contradiction in terms.

I've not seen any short sales under 45 days and most run around 3 to 5 months.

Answer 4

What you want doesn't exist.  My last Short Sale took 90 days and the lender still wanted more paperwork and appraisals. You are screwed.  Did you see the news today.  Big mortgage rescue signed by the President .... maybe you are not screwed after all.

Answer 5

It's not likely to be a fast process.  You'll have to call your lender, and coordinate with your real estate agent.  Your lender must agree to the short sale.

Answer 6

It's not a fast process. You have to stop making payments - which puts you at risk for foreclosures - and then discuss the possibility with your bank.

Then you need a qualified buyer, and once they submit an offer, you'll have to wait for the bank to approve it. It's a notoriously long process. Quick isn't happening.

You'll want an agent because you'll have to prove to your bank that your home is only worth the lesser price.