Short Sale
Buying a Short Sale home from a short sale seller means a lot of paperwork and documentation requested by sellers lender. Different lender - different requirements.
In a Fort Lauderdale short sale home, Seller must disclose to a prospective buyer that they anticipate a short sale situation. Every short sale seller must inform the Real Estate Professional of any and all liens on their property and any changes which may occur in the future.
With almost every Fort Lauderdale short sale, home owner will need to provide to the lender(s) follow documentation:
- Hardship letter explaining why they can no longer make payments
- Authorization letter for Realtor or professional negotiator to speak with lender
- Financial analysis form
- Financial updates and forms
- Tax returns, pay stubs, bank statements
- Other items may be required by your lender
Please note that a short sale process and a contract for purchase submitted for a short sale approval will not automatically stop a foreclosure sale. Many lenders will proceed with the Foreclosure procedure, and time is of the essence in a short sale procedure. A foreclosure sale may be postponed by the lender upon acceptance of a short sale agreement, but a postponement is not automatic. A foreclosure may be reinstated after a postponement without further notice to the seller.
Seller Notes
Seller is hereby notified that Broker is not qualified to provide financial, legal or tax advice regarding a short sale transaction. Therefore, the Seller is advised to obtain professional tax advice and consult independent legal counsel immediately regarding the tax implications and advisability of entering into a short sale agreement.
Not all Sellers will qualify for a short sale approval!
If you stop paying your mortgage, you could lose your home and damage your credit.
Short Sale Buyer
Even though the seller may have accepted your offer for a Fort Lauderdale Short Sale, the contract is not valid until the lender accepts the offer and gives you a written Short Sale Agreement Notice. You may have been waiting for weeks for an
answer and another offer with better terms may be submitted to the seller and lender.
As a buyer you may continue to look at other properties here, in case your offer will not be accepted by a lender and you may cancel this contract for any reason before it is accepted by the lender, including when you find a property you like better.
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Monthly Guide Lauderdale By The Sea Local Events July 2018
We love our cities event and provide a Monthly Guide Lauderdale By The Sea Local Events July 2018. Here we are in July and it is summer time! Time to enjoy the beach, vacation, and festivities if you can be outside and it is not too hot. Let's see what we can do during the best time of the year.
In July we are down to the locals and many short-term vacationers are in towne. The local and vacationers always looking for things to do in Lauderdale by the Sea. You have come to the right place if you are looking for something fun, healthy, educational or entertaining to do in Lauderdale by the Sea.
Our monthly Guides gives you a lot of information on our town happenings. If you're looking for something to do in our small town you find a huge variety of unique and fun activities for old and young, small and big and here we share our favorite events we know of to share with you.
And just in case you're looking for a few houses and condos to check out, we also provide a list of open houses for our town and surrounding areas. Check out our Monthly Guide Lauderdale By The Sea Local Events July 2018 because you don't want to miss any of these.
Monthly Guide Lauderdale By The Sea Local Events July 2018
1. Independents Day Celebration on 4th of July
When: July 4th, 2018 from 10am - 3pm.
4th of July Parade 10AM
The parade starts at 10am at the Lauderdale by the Sea Fire Station. This year the parade has a new route along El Mar Drive. You can see Fire Trucks, Police Cars, Stilt Walkers and residents walking in the parade.
Family Fun Day 11AM-3PM
After the parade joins the family fun with giant water slides, DJ/ Music, Clown, Face Painting, Food, Drinks and Ice Cream.
Fireworks 9PM-9:20PM
North of El Prado Park the Firework will be performed.
This is the day we are all anticipating and it is a big day with parades, music, and entertainment. Start your morning with the parade and end your day with a breath talking firework.
2. Bugfest by the Sea
When: July 24-29, 2018
Where: Anglin's Square in Lauderdale by the Sea
Lauderdale b the Sea celebrates this Mini Lobster season with the annual Bugfest by the Sea. There is the contest for the biggest bug hunt, chef contest, diving workshop, music, raffle and prizes to win.
3. Run by the Sea
When: July 03, 2018 6:30pm
Where: Starts at El Prado Park running along Ocean Dr. and ends at Station 44 in Lauderdale by the Sea.
Start the celebration the night before with a great run and end it at Station 44 to start the 4th of July celebrations.
4. Open Houses
Not only do we provide you with a Monthly Guide Lauderdale By The Sea Local Events June 2018 but also open houses you may want to visit. If you are flirting with the idea of buying or selling a home this is a good start. An open house is a good opportunity to get familiar with the community when starting to buy or sell a home in Lauderdale by the Sea.
Monthly Guide Lauderdale By The Sea Local Events June 2018
brought to you by Annett T. Block and Lauderdale by the Sea Community
June 02, 2018
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