About Davenport's Vista Park

I've been working with a few homes owners on short sales who have sort of abandoned their homes and forgotten about them while trying to sell them. This has made the task of selling these particular homes a little tough. So I thought I'd put together a small list of things that can derail a short sale in it's tracks. This is part 1.

There are a few things that will, without a doubt, cause you some heart ache when selling your home as a short sale and could lead to you not selling it at all. One of those things is not paying the Home Owner's Association. This is something that most lenders will not pay. A Home Owner's Association can be a real snag when you're selling your house. Especially as a short sale. That association has to be paid by someone or they could put a lien on a property. That someone likely won't be your lender. We call this a deal killer.

So for your own benefit, keep paying those dues until closing so you don't end up having a problem with them. If you take the Vista Park Resort in Davenport, FL for instance. Their HOA fee is $602 per month. They provide a wealth of services in this community for the money, but that is still one hefty payment. At over $7,000 per year, that bill will add up very quickly if not paid. If you stop paying HOA fees while waiting on lender approval for a short sale a nasty surprise could be in store. The best advice is to keep treating your home like it's your home while trying to sell it. Good luck and happy selling!

Image courtesy of texas_mustang at Flickr