What Should I Expect When I Sell?
1. A less severe hit to your credit history than what you'd experience with a foreclosure.
2. You continue to live in your house until the sale takes place.
3. In some cases, banks are offering homeowners cash incentives to do a short sale (to help with sales and moving expenses). Because your credit history won't take as long to recover with a short sale as it would with a foreclosure – an average of two years versus seven years – the short sale option is great for sellers who want to own a home again in the near future. Has your bank already contacted you? Some banks have launched programs to prequalify homeowners for short sales. Through their records and housing data, they identify borrowers on their books who are in negative-equity situations. In this case, some are reaching out to borrowers in an attempt to further streamline the short sale process. This makes it much easier for you, the seller, to proceed with a short sale.
Compiling your short sale package
Short sales require different paperwork than a normal home sale. In some instances, as mentioned above, your bank may have already qualified you for a short sale. In other cases, you and your agent will need to submit certain paperwork to your lender. Your lender then decides whether or not to approve your request for a short sale.Just what goes in a short sale package? Each lender is different, but in general, you will need:
Completed financial statement
Letter of authorization to let your agent speak to the bank
Letter that explains your financial hardship
Two years of tax returns
Two years of W-2s
Last two months of bank statements
Recent payroll stubs or other proof of income
Comparative market analysis or list of recent comparable sales Keep in mind that banks' processes vary, and the above list is a general representation of what many will want to see.
New federal guidelines shorten the wait
In the past, the notoriously long waiting game for short sales deterred many buyers from attempting them. But times have changed. Many banks have streamlined the process and removed the barriers that have hamstrung short sales in the past. Some are even prequalifying borrowers to get the ball rolling faster. In addition, federal guidelines have helped shorten the wait for mortgages owned by Fannie Mae and Freddie Mac. These are great changes for buyers and sellers, because it means there are regulations in place to help shorten the process.
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Remington's
Remington's in Okoboji has great appetizers, salads, sandwiches, steak and much more. Remington's also has daily lunch and dinner specials. Happy Hour Mon - Fri 4pm - 6pm with free popcorn. Saturday is "Game Day" 11am - 4pm with drink and appetizer specials. Lunch and dinner reservations are taken, along with large group reservations with seating up to 150 people. Remington's offers a semi-private dining room that seats 50 people.
Dickinson County Courthouse
Located at the corner of Hill Ave and 18th St(Hwy 9/71), the County Courthouse offices the following: Auditor, Assessor, Board of Supervisors, Conservation, Community Services, County Attorney, Emergency Mgt, E-911 Administrator, County Engineer, IT/GIS, Recorder, Sheriff Dept, Trails, Treasurer, Veterain’s Affairs, Weed Commissioner, Zoning and Environment Health.
The current courthouse was built in 2005-2007 on the same site as the old courthouse was located. In fact, some of the bricks used on the exterior of the new courthouse came from the old courthouse.
Florence Park
Florence Park, Milford
Located Directly across the street from the Okoboji High School to the East, Florence Park is a wonderful getaway for the kids. There is a lot of play ground equipment, as well as a indoor/outdoor shelter area. This is also the home of many activities during the weekend of Pioneer Days and is the common meeting ground after the parade.