Investment and Vacation Real Estate - Orlando, Florida

October 6th, 2008 3:24 PM

Florida Short Sales in Six Steps

Through no fault of their own, many find themselves in a real estate distress situation. If you have no equity or owe more on your property than it’s currently worth, then a short sale might be the best solution. We negotiate with your lender on your behalf to get approval for a short sale. We will also get the lender in most cases to pay all sales costs, title fees, escrow in addition to our sales commissions.

What’s the Short Sale Process?

1. Find out if a Short Sale fits your individual situation. Get prequalified. We offer a free phone consultation with one of our short sale specialist team members.
2. Complete a listing agreement and we aggressively market your property for sale.
3. A hardship Package is completed and submitted to the lender.
4. When a purchase offer is received, it’s submitted to the lender for approval.
5. Our professional mitigation team negotiates with the lender and buyer until a sale is approved.
6. Once approved, the file moves to closing.
 

The short sale process can be very complicated, one that requires patience, persistence and a great deal of experience. All lenders prefer to work with Realtors who have mastered the intricacies of short sales. We will PROTECT your interests, financial information and documentation at all times. After your transaction is complete you will be released from all obligations under the mortgage, current and in the future. Also, as long as this property is your primary residence, you may be released from all IRS tax obligations for the forgiven debt (consult your tax advisor). Given the fact our professional short sale services are provided to you at NO COST, if you feel a Short Sale may be your best option, call us for a FREE – NO OBLIGATION consultation. 

                Short Sales Florida  Florida Foreclosures


Posted by Real Estate - Associates on October 6th, 2008 3:24 PMPost a Comment (0)

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