Do I need to list prior to ask for short sale?

Do I need to list prior to ask for short sale?

Loss Mitigation Specialist · Jacksonville, FL · Member since 2008 · 49 posts · 0 votes

I'm buying SFR in pre foreclosure and asking the lender(s) for short sale.The owner selling as FSBO to me. Lender on 1st.(Chase) wants the owner list the property with RE Agent even the owner has an offer on it from his FSBO marketing. House is upside down, vacant and owner moved out of state. I have Authorization from the Owner for releasing mortgage information.
Any suggestions?
Do we have to just send the whole package with an offer to the lender or we have to hire an agent to be a part of it?
Thank you for any suggestions. :wink:
House is in North Florida Jacksonville suburbs.

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  • Property Manager · Portland, OR · Member since 2008 · 212 posts · 14 votes
    17y

    No problem! There are several good ways to get these deals done...i think everybody has their own strategy.

    Countrywide, however, has adopted an a$$ backwards way of determing the value of the property.

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