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Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As a top Bryn Mawr, Gladwyne, Wayne and Mainline area real estate agent, it's my job to know more about a property than any web site. Make sure you have the most current information! 
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: - Agreement. The homeowner must get the lender to agree to sell the home at a loss.
- 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.
- 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.
- 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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What criteria determines the hottest real estate markets?
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Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale. |
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Roberta Barolat
Prudential Fox & Roach
338 W. Lancaster Avenue
Haverford, PA 10941
610-649-4500
Fax: 610-525-5646
homes-mainline@NUMBER1EXPERT.com
Relocating across the street or around the globe requires the skill and expertise of a Real Estate Professional. Over the past 15 years, Roberta Barolat has worked with hundreds of clients to successfully buy and sell some of the finest homes on the beautiful Philadelphia Main Line. Clients trust, respect and depend on her to manage the details of their real estate transactions. She specializes in domestic and international relocation and works with many clients, including relocating executives, who speak Italian, French and Spanish. Call or email her today!
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