Profile picture for Linda S Reynolds

Linda S Reynolds

Agent

17 Recent Sales (last 12 months)

Real Estate Broker (13 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (12 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

what is a short sale?

Answer

A short sale happens when the home owner can no longer make the payments and has to sell the home for less than they owe.  When they find a buyer the contract has to go to their lender for approval since it is being sold for less than they owe.  That process usually takes 3-4 months.  I can explain the process in further detail if you wish, just contact me and I will be happy to answer all your questions.

  (0)
what is a short sale

Answer

I have written a book about the short sale process. You can download d it at http://savemyfloridahouse.com. It should answer most of your questions.

  (0)
What price premium (%) would you assume for oceanfront.

Answer

You have to look at that specific area, compare comparables and discuss with a local agent just what that property would be worth making an offer on.If you have further questions I would be happy to assist.

  (0)
Will HUD ever negogiate price after bid?

Answer

It has been my experience that if there are not multiple bidders they will negotiate on the price.  However, you should submit your highest and best because you never know who your competition is going to be and they do prefer to just pick one offer and go with it.

  (0)
What do I need to watch out for in buying a foreclosure?

Answer

You should use a title company to handle the closing.  This way you will know if there are any outstanding liens on the property.  A title company won't allow the closing to happen if the title is clouded.  We run all our deals through a title company so the buyer knows they are getting a clean property.

  (0)
Hi Im looking for listing owner financing home, there's anybody here can help me what site are they?

Answer

I can set up a search for you for sellers that are willing to do owner financing.  These sellers typically own the property free and clear and a fresh title search and loan documents would be set up.  Most banks these days require the loan to be paid off as soon as the seller sells the house.  Feel free to contact me with your search criteria such as price range, where you are looking and what type of property you are looking for, and I will be happy to set up the search for you.

  (0)
Is anybody tired of short-sales?

Answer

I have closed several short sales.  The only thing I don't like about them is the time they take to close.

  (0)