Navigating the Waters of South Florida Short Sale Negotiation

Once a property owner is dealing with foreclosure, she or he must always remain positive but always rational. There is always the chance that whatever solution provided, whether it be from their own personal skills or with the support of others, my not be successful. With this in mind the owner must always have a back up plan if things don't go well the way they expected.
I mention this because when Short Sales are being executed, especially in the North Miami, Florida area, there is a fifty per cent chance that they will be unsuccessful. In order to increase your success, I have provided several recommendations that hopefully you'll find helpful when navigating the slippery waters of Short Sales and Loss Mitigation Negotiation.

First off, you should never attempt this by yourself. When you're flying from your hometown to another destination, do you ever pilot the airplane? Didn't think so. How about when you're at a restaurant waiting for your meal? Do you actually prepare the five-star food that's been approved by judges from around the world? Absolutely not. Therefore how is this any different? You should always seek the help of a Real property professional, someone who has either helped list and sell short sales such as a Realty agent who actually has a track record or a Real Estate investor who has already purchased properties via Short Sale previously.

You'll wish to look for verifiable proof that these professionals have completed at the minimum two or three transactions in the past several years.

Once you've got your connection, your helmsman under your belt, don't just let them fly the airplane on his or her own. Stay connected with the process. Follow up and ensure 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 referring to your home and your economic future here. There is much more at stake or steak depending where your mind is.

In addition to following up with your chosen expert, always bear in mind that the person who ultimately gains from this transaction is you. The entity that ultimately holds the decision to allow 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 track.

Hopefully this article has helped you a little further when looking to solve your Property problems.

Please feel free to visit my blog as I'm always looking to help those facing foreclosure in South Florida.