Tags
hollywood fl homes, Hollywood FL SFR, hollywood fl short sales, hollywood hills fl homes, hollywood hills fl sfr, hollywood hills fl short sales
There are multiple ways to find Hollywood Hills short sales to buy. Many short sales are listed by real estate agents so we will start there.
- Hire a real estate agent. The first and best way to start is to hire a real estate agent who specializes in short sales and knows the area in which you want to buy.
- Visit my Hollywood Hills website. Here you’ll find a one-click search option for Hollywood Hills short sales.
- Conduct online searches. Look in your online newspaper classifieds, craigslist and your favorite search engine to find Hollywood Hills short sales.
- Check with local mortgage lenders. Contact local mortgage lenders to find out what short sales they have.
- Call credit unions. Credit unions are hidden gems. Never discount them and always check with them to see what properties they have listed.
Here are a few terms you’ll run into when searching for short sales:
- Subject to bank approval. This means that the bank or lender has to approve the sale.
- Pre-foreclosure. Pre-foreclosure is like a grace period. The homeowner is being warned that they’re in default and need to do something about it; but at this point, the lender is unable to claim back the property and sell it to recoup their costs. The length of the grace period varies and is determined by state laws. Some states allow the grace period to last for as long as 6 months, but many states have shorter periods.
- Notice of Default. The homeowner has been issued a notice of default and the property is nearing foreclosure.
- Headed for auction. This property has already been turned over to a brokerage house. They will auction the house off to pay off the loan or debt.
- Pre-Approved by Bank. The bank has already pre-approved the short sale terms and is ready to work with a buyer. (Hint: This is a really good term to watch for!)
Let me help you find the Hollywood Hills short sales that fit your requirements. Call me at 954-663-2539 or email me at carrascoalex@mac.com today to get started.