Warner Robins, Perry and Byron real estate and homes for sale in Georgia - Diane Childress and The Childress Team, REALTORS® Diane Childress and The Childress Team REALTORS(r) for Warner Robins, Perry and Byron, Georgia real estate - NUMBER1EXPERTS™ Diane Childress and The Childress Team NUMBER1EXPERTS(tm) for Warner Robins, Perry and Byron, Georgia real estate

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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
Short Sales >3. How to Prepare for a Short Sale

If a homeowner is facing foreclosure and wishes to explore short selling their home as an alternative, it is crucial to get help from a trusted real estate agent. With the agent’s help, this is how the homeowner will prepare to short sell their home:

  1. Agreement. The homeowner must get the lender to agree to sell the home at a loss.
  2. Documentation. If the lender agrees to a short sale, the homeowner will need to provide documentation to the lender indicating that he or she is financially incapable of paying for the loan. It depends on the lender, but the documentation usually required can include:
    • A hardship letter explaining why the homeowner is unable to pay the mortgage.
    • Recent tax return forms, W2 forms, and/or 1099s.
    • Recent paystubs.
    • Financial statement detailing list of assets and liabilities.
  3. Consultation. The last thing a financially stressed homeowner needs is more financial stress. The homeowner should consult with an attorney to find out whether or not difference between what the home is worth and what the home sells for will be taxed.
  4. Communication. Everyone needs to communicate during this process. The homeowner needs to communicate with the lender to make sure the lender has everything needed to apply for the short sale. The homeowner and the lender need to be in constant contact with potential buyers to make sure they stick around.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Childress and The Childress Team
Golden Key Realty

2050 Watson Boulevard
Warner Robins, GA 31093
Office #: 478-929-4444
Diane's Cell: 478-714-9934
Buyer's Hotline: 478-918-6564
Fax: 478-929-2992
Toll Free #: 800-329-4445
Email: Diane@TheChildressTeam.com

“We are looking forward to being able to show you all The Childress Team can do for YOU!” Diane Childress, GRI, CRS, CSP, ABR. What makes Diane and her team stand out as leading Realtors in the Central Georgia Area? Personalized Service, Unprecedented Marketing Plan, Quick Response Time, Wealth of Knowledge, Expert Guidance, Outstanding Negotiating Skills, We ‘Really Listen’, Extensive Relocation Experience, Excellent Follow- Up and Regular Progress Reports.

ABR CRS Equal Housing GRI MLS REALTOR


Golden Key Realty real estate and homes for sale in Warner Robins, Perry and Byron Georgia

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