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Carol Palacios

Preparing to Negotiate a Short Sale?

Tallahassee Short SalesHave you fallen behind on your mortgage payments? Were you successful in negotiating a loan modification with your lender and find that you are still struggling to make that monthly payment? If the answer to any of these questions is YES then you are probably realizing that the best option you have to avoid foreclosure is a short sale.

How do you prepare for a short sale?

Century 21 First Realty

The first step in negotiating a short sale is to list the property for sale. Your lender requires that the property be listed with a Real Estate Brokerage as a condition to short sale approval. Why? Because they want to make sure the property was marketed properly to qualified buyers at the appropriate market value.

Next you'll need to gather all the necessary documents required for review. The documents needed are;

•· Last 2 year's income tax returns

•· Bank Statements showing activity for the last 60 days

•· Pay Stubs from the last 60 days

•· Financial Information Form

Lastly, you will need to compose a hardship letter where you will need to explain why you have fallen behind on your payment (job loss, medical issues, adjustable rate mortgages, market decline etc). Here's a tip; always conclude the letter with "please consider my request for a short sale as it is my last option to avoid foreclosure".

Follow these steps and you will be on your way to a successful short sale approval!

By the way,have you signed up to receive our Monthly Newsletter? Many people facing foreclosure have found it very useful in the past and hopefully you will too. Best of all, its Free and takes only a minute to register.

4409 Wigeon Way, Lakewood Village, Tallahassee Real Estate

Joe Manausa | Century 21 First Realty | 850.523.6118
4409 Wigeon Way, Tallahassee, FL
3BR/2BA Single Family House
offered at $150,000
Year Built 1986
Sq Footage 1,950
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking None
Lot Size .39 acres
HOA/Maint $0 per month

DESCRIPTION

This house has so much to offer! Features include grand size foyer that leads to large family room with vaulted ceiling and stone lay fireplace/ New Roof/ Gorgeous wood flooring in most areas/ Good size bedrooms, master has huge walk-in closet and shower/ Spacious dining room with decorative chandler/ Kitchen with new appliances/ Screened patio with built-in ceiling fan/ Gigantic back yard has a huge deck with built in outdoor lamps/ Living room is big enough to be a recreation room and a man cave. The list goes on, please come see this house in person!

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- Family room - Living room - Refrigerator
- Stove/Oven - Microwave - Washer
- Dryer - Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


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Contact info:
Joe Manausa
Century 21 First Realty
850.523.6118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 12, 2009, 10:05am PST

9060 Shoal Creek Drive, Golden Eagle, Tallahassee Real Estate

Joe Manausa | Century 21 First Realty | 850.523.6118
9060 Shoal Creek Drive, Tallahassee, FL
5BR/3.5BA Single Family House
offered at $599,900
Year Built 2001
Sq Footage 3,700
Bedrooms 5
Bathrooms 3 full, 1 partial
Floors 2
Parking 3 Car garage
Lot Size .60 acres
HOA/Maint $0 per month

DESCRIPTION

Easy to show. Southern Living at it's finest....with every uprade possible. You will love showing this one. Hardwood floors, bonus room and separate office complete the package.

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- High/Vaulted ceiling - Hardwood floor - Tile floor
- Family room - Living room - Office/Den
- Dining room - Dishwasher - Refrigerator
- Stove/Oven - Microwave - Stainless steel appliances
- Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


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Contact info:
Joe Manausa
Century 21 First Realty
850.523.6118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 12, 2009, 9:51am PST

3428 Gardenview Way, Killearn Estates. Tallahassee Real Estate

Joe Manausa | Century 21 First Realty | 850.523.6118
3428 Garndenview Way, Tallahassee, FL
4BR/2.5BA Single Family House
offered at $399,900
Year Built 2003
Sq Footage 1,894
Bedrooms 4
Bathrooms 2 full, 1 partial
Floors 1
Parking 2 Car garage
Lot Size Unspecified
HOA/Maint $0 per month

DESCRIPTION

Squeeky new feeling. VERY open floor plan. Fourth bedroom/bonus room. Plantation shutters and all the upgrades you expect in new construction. Nice deck, and very private back yard. You will love showing this one.

see additional photos below
PROPERTY FEATURES

- Central A/C - Central heat - Fireplace
- High/Vaulted ceiling - Hardwood floor - Tile floor
- Living room - Dishwasher - Refrigerator
- Stove/Oven - Microwave

ADDITIONAL PHOTOS


Photo 1

Photo 2

Photo 3

Photo 4

Photo 5

Photo 6
Contact info:
Joe Manausa
Century 21 First Realty
850.523.6118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 9, 2009, 11:30am PST

XXX Register Farm Road, Natural Bridge Ranch, Tallahassee Real Estate

Joe Manausa | Century 21 First Realty | 850.523.6118
XXX Register Farm Road, Tallahassee, FL
10 sqft Vacant Land
offered at $98,000
Lot Size 10 sqft

DESCRIPTION

Come live the country life on this beautiful high & dry 10+ acres. Horses and most live stock are allowed, electrical & telephone pole are already on the property. Local schools, shopping centers, parks, trails and restaurants are just a 8 minute drive away. So you can enjoy all the benefits of country living and still be near civilization. Please come see this property in person and while your there don't forget to inhale the fresh country air.

see additional photos below
ADDITIONAL PHOTOS


Photo 1

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Photo 3

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Photo 6
Contact info:
Joe Manausa
Century 21 First Realty
850.523.6118
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Nov 9, 2009, 10:54am PST