Tag Archives: Real estate broker/agent

Tis The Season To Be Hopeful


Don’t you feel it?  Tis the season of hope.  No matter what adversity you’re facing and we all have something in our lives that could bring us down, for some reason this season always seems to bring hope.   What is it about this time of year that makes everyone hopeful and thankful?  Since my livelihood has come from selling real estate,  I am hopeful for a prosperous real estate market for everyone and thankful for my past business.  Staten Island New York is my home and Appleseed Homes is the real estate company I have worked for over 25 years.  I have always taken pride in the professionalism this company has brought to its agents. 

Even with the recession, real estate careers are still booming and continue to attract bright, new individuals to join major firms like Appleseed Homes.   Many students continue to keep a future in real estate in mind as graduation gets closer and job prospects look slim.  Real estate careers are by no means a sign that you failed in earning a degree, but instead can indicate and lead to great success within the field!

So to say I am hopeful and thankful definitely applys this time of the year.

Short Sales/Foreclosures, Staten Island NY

The sales associates at Appleseed Homes, Staten Island NY, have successfully joined a select group of Realtors who have become Certified as Short Sale Agents. Certified Short Sale Agent training provides you with critical knowledge and techniques to assist homeowners through the short sale process. The agents at Appleseed Homes are reaching out to anyone who needs advice or assistance.

What is the Short Sale Process?

The short sale process can vary, but it will generally work as follows:

1) The lender is contacted to discuss the possibility of a short sale and to determine the lender’s process for completing the sale.

2) The seller issues a letter to the lender authorizing the release of personal information about the loan and the property to the Certified Short Sale Agent.

3) The lender will review a short sale package, which will indicate the proposed selling price, remaining loan balances and itemize all expenses, including real estate commissions and other fees and expenses associated with the closing.

4) The seller will complete a “hardship letter,” which will detail and explain all financial difficulties. Lenders will usually want to validate the seller’s financial situation by looking at bank statements, investment accounts, along with examining paystubs and other financial records.

5) The lender will then look to the broker to provide a price opinion by examining the condition of the house and the market value of comparable properties.

6) The lender will then want to scrutinize the purchase agreement to determine if all amounts are reasonable and the real estate commission is acceptable.

Because of the documentation required, the short sale process can be lengthy. But if done correctly, it can work well for all parties involved. The lender avoids the uncertainty of the foreclosure process, the seller avoids a foreclosure on his or her credit report (along with potential bankruptcy), and the buyer hopefully got a good deal on a property.

If you are unable to make your mortgage payments or are struggling to make your payment, please contact one of our Short Sale Agents who can advise you as to how the short sale process works and answer any questions you may have.

Kathy Wynn

Branch Manager/Associate Broker

Appleseed Homes

4651 Hylan Blvd, Staten Island, NY 10312