Any one familiar with a foreclosure specialist?
Question:
Answer:
Where are you located. It will be better if you go physical advise with local lawyer as they will know rules of land better.
Your question is a little vague, from what I get out of your question you are presently in foreclosure.
A foreclosure specialist has contacted you about buying your property for a short sale. That is what I got out of it.
This person want to convince, your lender that the property is not up to standard and should be sold at a discount. After taking into consideration what he will give to you to take over your equity as well as any repairs to be made after which he will sell at market value for a profit.
There is nothing to look out for you signed a contract with this person to conduct a short sale. He will ensure that it is done legally and proper. His stake in this being done according to the lender's specifications is he will make a profit from the re-sale once your lender has accepted the fact that they could not get any more out of the property if they took it back from you themselves.
You can do the something with help from your lender. Simply ask for a short sale package.
I hope this has been of some use to you, good luck.
'FIGHT ON"
I just love Google! This was an interesting question to me so I Googled "foreclosure short sale package" after reading another response. If you do the same, you'll get lots of good Google!
In fairness to Yahoo, I'm sure Yahoo would return some excellent results as well.
I should say that while Google has been a new 'love' in my life, Yahoo has been 'an old flame' for a long time. I hope it's ok to love them both.
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