As a Phoenix Short Sale specialist, I think that it is essentially crucial that I continue to educate myself as to the risks involved in short sales. In order to do this, the Steve Horn Squad went and visited the law office of Thomson Law. Their law firm specializes in real estate law as it relates to foreclosures and short sales. This grouping was a wealth of knowledge to our team. Also, the outing helped us put into perspective our role as realtors in the short sale route. As a Phoenix short sale property specialist I was reminded of several things of significance.
****Agents are not lawyers and we as agents can not and should not give legal counsel when it comes to deficiencies and judgments. This is the task of a qualified legal expert, not the realtor.
****Our responsibility as a short sale specialist is to price the home accurately, locate and secure the buyer, and negotiate on behalf of the seller.
****As a Phoenix short sale property agent, my duty is to discover a win win solution between the lender and the seller to increase the odds of a successful short sale.
As we listened to the suggestion, I was reminded by the staff at Thomson Law that the short sale is the unwinding or unraveling of a loan and the real estate is simply the asset that is attached to this loan. As a Phoenix short sale specialist, I take risk in listing short sale houses based on the tax and legal implications. It is our responsibility as agents to direct all of our customers to seek legal and tax counsel prior to taking in short sale listings. At Short Sales Done Easy we make short sales done easy. Nevertheless, we do our very best to give the appropriate advice as well.
Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona
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