Buying a Wellington Short Sale can be a very daunting and confusing process, especially if you are not working with an experienced Wellington Short Sale Agent who can guide you through the process. This is the seventh in a series of post, which will serve to educate Wellington home buyers about the often misunderstood process called a short sale:
Buying a Wellington Short Sale: Be Prepared for Disappointment!
While most Wellington short sales will be approved, there is always a possibility the seller may be denied or not agree to their leinholders short sale approval terms.
A few years ago I was working with a great buyer who was under contract on a beautiful short sale. After waiting patiently for five months we were informed the seller would not agree to their lienholders short sale approval terms and their lienholder was not budging on their terms, so the deal fell apart. Knowing anything can happen when it comes to short sales I educated my clients about all the possible outcomes I could think of, the good, the bad and the ugly. While my client was disappointed they were grateful that I prepared in advance.
If you are interested in purchasing a Wellington short sale and need an experienced short sale agent contact me today!
Part 1: What is a Short Sale?
Part 2: Short Sale Negotiations
Part 3: Short Sales are NOT Short!
Part 4: Expect to Pay Market Value!
Part 5: Get your Checkbook Out!
Part 6: Have your Lender on Standby
Originally posted at http://wellingtonhometeam.com/buying-a-wellington-short-sale-be-prepared-for-disappointment/