Residential Real Estate Broker · Staten Island, NY · Member since 2015 · 2 posts · 0 votes
I looked at a house in Georgia, it appears to be a short sale and I would be working directly with the owner. Does anyone have knowledge of short sales in Georga when dealing with For sale by owner
Investor · Newnan, GA · Member since 2013 · 86 posts · 33 votes
11y
I don't know that GA short sales are substantially different than other states, meaning once you get the homeowner's approval then you're negotiating with the bank, which we all know is the fun part of the process.
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
11y
Most lenders will require a property be listed by an agent, usually for a week or so, before they will even look a t a contract. might as well find an experienced short sale agent as there are many requirements, and strategies, to have a successful short sale. As for the process...it's truly of matter of, you don't know what you don't know.
Real Estate Agent · Elgin, IL · Member since 2015 · 100 posts · 41 votes
11y
@Wayne Brooks is right, banks have a requirement that a short sale must be listed with an licensed agent. Underwater mortgages have a lot of issues and requirements to be resolved. Check out the BP forums: