This Month's Featured Lee County Property!

16541 Arbor Ridge Drive

This spacious, 4 bed 3 bath property in Arbor Ridge offers a huge screened in pool with a variety of patio areas on both the first and second floor, a large 2 car garage, tile throughout, brick paver driveway, and fenced in yard.



Top floor consists of a separate entry to a 3 bedroom with den 2 bathroom with upgraded granite kitchen counter tops and solid wood cabinetry.


First floor consists of a large open floor plan with seperate entrance to a one bedroom one bathroom that can be used as a mother-in law suite or lease it out.

This home has a lot to offer in a fantastic Fort Myers location close to Ft. Myers and Sanibel beaches!

For more information and showing instructions on this property, please contact Steve Daria at (239) 425-5671.

Time Line & Structure for a Successful Short Sale

There is a time line and structure associated with the short sale process which should be carefully documented and kept track of.



Here is an example of what we do from beginning to end:



The Jones family has decided to sell their home as a short sale.



1.  First thing we do is meet in the office to review and provide our documentation (or if out of area email / mail all the pertinent documentation). 



2.  We get all the signed docs and information back from the seller.



3.  We immediately provide the "Release Form" to your lender which allows us to talk and negotiate on your behalf.  The release form traditionally will take 72 hours to get into their system in which we relentlessly follow up to ensure they have it.  For without it, we cannot move forward.



4.  We aggressively market your home and get it into contract with a qualified purchaser.
 
5.  We then submit the FULL package to the lender and ensure the bank is not missing any items.  This is extremely important.  Most of the time items lost or missing when the package is sent to the lender (which it happens all the time - Keep in mind we are not the only file.  They are receiving hundreds of short sale files daily).



6.  We follow up every day (up to 3 times a day) until we know they have a full package in their system.  If the package is not complete and we do not follow up, they put the file in the what we call "neglected pile" - Will do not let this happen.  Please note:  If you are currently represented by a real estate professional that may not know what they are doing, please tell them to read these blogs.


7.  When we know they have the full package, we follow up a minimum of 2 times per week until the assign us a negotiator.



8.  Depending on the bank, they will order a BPO (Broker's Price Opinion - For valuations purposes) before or after a negotiator is assigned.



9.  Depending on the bank, they may have additional in-house addendums / forms to be signed off on.  



10.  They may also ask for updated bank statements, pay stubs, etc depending on how long it has been since submission / on the market.



11.  Once they have everything and we have a negotiator they either accept or counter offer.



12.  Once agreed they provide an approval of a settlement amount short of what is owed.  It then goes to the title company to close out and have buyer and seller sign off on all the closing documentation.  


13.  You then refer us to all our your friends and family who may need our services :)