When a lender or mortgage holder agrees to do a short sale, it means the lender or mortgage holder is accepting less than what is owed on the mortgage.
A short sale means the seller's lender is accepting a discounted payoff to release an existing mortgage instead of foreclosing.
NO UPFRONT FEES PERIOD!
Any company that charges upfront fees should be avoided
UPDATE: OBAMA PLAN
Modifications for Florida homeowners do not work in 99% of the cases. values have come down so much through the Stateof Florida, a reduction in the interest rate will usally make no difference. The truth is, unless your lender will make a significant principal reduction, a short sale is the best solution. Learn More hereabout the Obama plan.
Sell Your Home - Avoid/Prevent Foreclosure on Your Home or Condo With a Short Sale
Jared Dalto and his team at Seawinds Realty, Inc. can help you with your short sale locally in Florida. We have experience in the short sale process and along with a local real estate attorney can provide the best chance of getting you out of your home as easily as possible. When you are looking for a company to help you with your home or condo you want trustworthy and ethical people helping. We have very high success rate closing short sales.
We understand that this is a sensitive time for you and are compassionate to your needs and will try to make this process as easy and painless as possible from this point forward. Trustworthy, ethical professionals.
With an experienced Florida attorney on your side you will have the best advice available
With a experienced Florida Realtor you'll have local assistance
We provide the same quality level service we would expect
If you have any questions we will answer them or find out the answers as quickly as possible
Trust and Ethics above everything else! With the sharks swimming and taking advantage of many people in financial distress you can rest well at night knowing we are on your side.
Florida Short Sale Blog
A lot of distressed luxury homeowners are on the fence about applying for a luxury short sale. Whatever the reason behind this indecision, you should know time is not on your side. As it is, there is a particular federal law which could impact your decision if made too late.
The Mortgage Debt Relief Act of 2007 gave homeowners a window for the refinancing of their mortgage without having to pay any taxes on any amount in debt the lender decides to forgive. This window covered a period of 3 years and is set to expire on December 30, 2012. This means any forgiven debt after the expiration of the Mortgage Debt Relief Act will be taxable.
In addition, Florida laws are quite clear when it comes to lender suing homeowners for a deficiency judgment. You will need to get a move on and start your luxury short sale proposal in order to beat the December 2012 deadline.
Aside from this tax break, distressed Florida borrowers will certainly find a short sale much more appealing considering more and more lenders are agreeing to accept less than what is owed to them in mortgage debt instead of pursuing a foreclosure. This is because a Florida foreclosure will turn out to be more costly and make their books balloon with REO inventory.
Of course, there is the fact a short sale can prove to be less damaging to your credit history compared to a foreclosure.
You have to understand, a short sale can be a lengthy process riddled with complications. If you fail to prepare a proper proposal, one with complete, accurate and updated documentation, you will find yourself waiting for an approval which will never happen.
For this reason, it is recommended you work with a professional
If you are among one of the many Floridians having problems with their mortgage payments, you know there will come a time when you need to think about what course of action you need to take. So before that time comes, it would work to your advantage if you have all the facts.
Florida Foreclosure
What homeowners fail to realize is that foreclosure is actually a process and not merely a term used to define the act of repossession by the lender. It is important to understand the process could take years and you should not sit back and simply do nothing. You should stop foreclosure because it will wreak havoc on your credit history and make it hard to own a home again. It could even traumatize your family especially if you suddenly find yourself being evicted.
Florida Loan Modification
For distressed homeowners suffering from temporary financial setback and would like to stay in your home, you can always consider a loan modification. But you have to understand, loan modification is not a cure to your mortgage problems. It is merely an option which will make mortgage payments a lot lighter. If you are truly in trouble and have come to terms with the fact you can no longer afford to pay your home even if your finances improve, then consider looking at another option.
Florida Short Sale
The beauty of a short sale lies on its allowing for everyone involved to come out a winner. The homeowner ends up getting rid of their debt and leaving their home on their own terms. Lenders, on the other hand, end up recovering some of their losses without having to spend much on the actual recovery, unlike with a foreclosure. It also does not leave them with another property to take care of. Of course, the buyer ends up enjoying savings and instant equity.
For obvious reasons, a Florida short sale is the best way out of your mortgage mess. To make sure you enjoy all its benefits, work with a professional Florida short sale realtor.
