Homeowners Association can be a hardship to short sale your home

Today we will close a short sale transaction for a client that is a lot different than most transactions we see.  When this client first came to us, he was only a month behind but he was a month behind because he told us that he was being fined daily by his homeowners association.  I asked what for and his response was “you name it” and boy was he not kidding. 

This client purchased this home as part of the American Dream, he wanted to have financial stability and own real estate.  He purchased the home with the intent to rent the property and make a profit.  Approximately one year after he purchased the home, the homeowners association changed the rules that you could not rent property within the community.  They sent him certified letters and he began to fight a battle, however, “the majority voted” and he was on the losing end of the battle. 

He couldn’t afford to sale the property due to the market and he couldn’t afford to keep the property because he didn’t have the income to pay for it.  Now, apparently once you get in the sights of a homeowners association, you as now their target, since he contacted us, they have fined him daily $25 per day because there was a trash can “visible from the roadway” and they have also fined him $15 per day because he did not have a door on his mailbox.

I understand that homeowner associations are there to “protect” the community, however, at some point they are a liability to the community as well.  The homeowners association caused the neighborhood to lose value by forcing the short sale and unnecessarily caused the bank to take a loss due to the changes they felt a need to change.

If you are a victim of your homeowners association, contact 2ShortSaleGuys today for a free confidential consultation and let us give you some advice on how you should proceed.  Not all cases are going to warrant a short sale of your home based on the homeowners association, however, in this case that was the only hardship.

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Help Wanted Inquiry Within!!!

It's that time again, 2ShortSaleGuys are growing.  In the beginning of 2012 Bill and I had 1 assistant, Melanie works our Short Sale Facilitation side helping us get our short sales approved.  This year we have added a Sale Manager and recently added another assistant to our team.  But, that just not enough, Our sales team is struggling to handle the leads that we have been fortunate to capture.  

We are in search of a buyer's agent that wants to work in a high energy, highly productive team environment.  We are looking for someone who has at least 2 years of experience in real estate sales.  The perfect candidate will be self motivating and highly energetic.  They must be detail oriented and put their clients at the top of their priority list!!!  

It gets better, this buyer's agent for 2ShortSaleGuys doesn't have to do paperwork!  All you have to do is SALE!  We have an assistant for you already!  We even give you the leads!

If you think you fit this criteria, please go to 123test.com, take the "DISC personality test", email the results to info@2shortsaleguys.com and send us your contact information.  No phone calls please unless you have sent in your DISC test results.