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 our 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 us through our 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 Wilmington, Newark and Middletown area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Short Sales >2. How to Request a Short Sale If you are facing foreclosure and are considering selling your home as a short sale as an out, get in touch with a trusted real estate professional immediately. They will be able to assist you in the process of requesting to short sell your home.
- Your real estate agent will most likely tell you that some banks will not allow a short sale to happen. Contact your lender’s loss mitigation department and speak with a supervisor. Explain your financial situation and ask if you qualify to sell your home as a short sale.
- Ask the supervisor what documents you’ll need to proceed and make copies of those. (Depending on the lender this could be anything from bank statements, tax forms, pay stubs, etc.)
- Ask your real estate agent to come up with a comparative market analysis report to show your lender how much the home is worth based on home sales in the area.
- Write a letter of financial hardship detailing the reasons you are no longer able to make payments on your home.
- When you’ve completed all the aforementioned necessary paperwork, compile it together and mail it to your lender’s loss mitigation department.
- Pending your short sale application approval, request a deficiency release from the bank. The release absolves you of any obligation to pay the balance on the mortgage. If the bank refuses, continue to press the issue.
|
| Q |
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
|
| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
 See More Real Estate Trivia > |
|
|
Erik Hoferer & Associates
Keller Williams Realty
1521 Concord Pike Suite 102
Wilmington, DE 19803
302-299-1111
Fax: 302-299-1197
ErikHoferer@NUMBER1EXPERT.com
Erik Hoferer is a licensed Realtor in Delaware and Pennsylvania and his experience will save you time and money. Selling Real Estate is all Erik does. He loves it, and his passion positively impacts each and every one of his clients. Put Erik and his team at Erik Hoferer & Associates to work for you and see why Erik has been the #1 selling agent at Keller Williams in Delaware since 2008! Erik specializes in New Castle County, Delaware and Southern Chester County, Pennsylvania and he would love to help you with all of your Real Estate needs.   
www.DelawareMadeSimple.com
is brought to you by Erik Hoferer & Associates, real estate for
Wilmington, Newark, Middletown, Kennett Square and Chadds Ford, Delaware
Read Erik Hoferer & Associates'
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
