Realtor Career Training: Listing a Short Sale Property – Questions to Ask Your Seller | Keller Williams Careers

Realtor Career Training: Listing a Short Sale Property – Questions to Ask Your Seller

Realtor Career Training:

Listing a Short Sale Property – Questions to Ask Your Seller

1. Who are the owners and who is on the loans?

(Need authorization to correspond with all lenders)

2. How many mortgages are there? Same company or different companies?

(Need contact info ? phone ? email ? loan numbers)

3. Is any mortgage in a pending foreclosure?

(Are the payments behind? How many months?)

4. Are the sellers in bankruptcy?

5. Any IRS liens or other judgments?

6. Any HOA or condo liens? Unpaid assessments?

7. Any divorce agreements or other required payoffs?

8. Are the property taxes escrowed? If not, are they paid current?

YOU WILL NEED THESE ANSWERS BEFORE YOU LIST A PROPERTY AND DETERMINE A PRICE.

This entry was posted on Friday, March 20th, 2009 at 9:44 am and is filed under Keller Williams Real Estate Agent Career Training, Education & Support. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Tax Guru Says:
November 22nd, 2009 at 11:48 pm
I’ve been involved in taxations for longer then I care to admit, both on the individualized side (all my employed life!!) and from a legal viewpoint since satisfying the bar and pursuing tax law. I’ve supplied a lot of advice and righted a lot of wrongs, and I must say that what you’ve posted makes complete sense. Please continue the good work – the more people know the better they’ll be armed to comprehend with the tax man, and that’s what it’s all about.