Many Financial Reasons for a Florida Short Sale

Short Sale Facilitators talks with families, businesses and individuals who have been through some very tough times in the last seven years in Florida. Usually when someone has heard of a short sale it sounds like a decent option but there are a lot of questions about how the short sale works.

Common short sale questions:

  • How long does a short sale take?
  • Will there be any way to “get rid” of the home when the value is so low?
  • How can I pay off a deficiency?
  • Will you talk to the bank for me about the liens on the property?
  • I haven’t paid my HOA fees; will they foreclose on me?
  • If I just got a lis pendens can I still do a short sale?
  • When you say that you can work with pre-foreclosure, what is that exactly?

Short Sale Facilitators has the answers to these questions and more. And one of the first things we’ll tell you is to relax. We’ve done short sales for years. Short Sales are our business and we’ll take care of everything for you.

Low Property Value Common in Short Sales

Some of the common problems that property owners have across the state deal with a huge drop in home values due to the horrible real estate market and the economy.

Since the bottom fell out of the real estate market, the short sale has become a very popular way to sell a home without having to become involved in an expensive foreclosure lawsuit.

If the papers have come already and you’ve been served a lis pendens which is formal notice that a foreclosure lawsuit will be filed, it’s not too late to get out of the house with a short sale.

The challenge is to call Short Sale Facilitators quickly so that the short sale process can begin. There is a lot of paperwork you’ll need to gather–that’s it. PULL it together for us, turn it over and then, we do all the work.

Working Out the Deficiency Issue

Below is a situation a homeowner had and we got the home sold and the debt off the homeowners’ back so that they could have a peace of mind:

Last month I made the decision to sell my townhouse based on the following factors. I have a pending knee replacement and possible back procedure.

Since the townhouse is two stories, it has become more difficult to go up and down the stairs. Upon receiving a contrac from a potential buyer I requested the payoff for the mortgage listed above. Unfortunately, it was $20,000 higher than expected because I had received a loan modification in November which had deferred that amount from the principal. However, since I was now planning to sell it, that deferred amount was going to be added back onto the principal which meant I would have owed $14,000 at closing!

Since I cannot sell the house for what I currently owe, the only alternative I have is to go through a short sale. 

Short Sale Facilitators will negotiate with the lender to get the deficiency worked out. It cannot always be eliminated, however, there are low-cost loans to homeowners that are available. Some lenders allow it, others do not. It depends on how much and many other issues including the actual lender. 

Don’t worry about the deficiency. There are closing funds available, there are moving out (relocation funds) that we can locate for you. When you work with us, we work hard for you.

The best part is that you don’t pay a penny. Homeowners, realtors, lawyers pay nothing. The buyer pays our nominal fee at closing. So give us a call and set an appointment. Of course we’ll ask you to get your paperwork together so get started on that now. But we’ll still meet to get the process going.

If you want to see the options available to you based on your property, then call 321-397-5505.

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950 S. Winter Park Dr., #352

Casselberry, Florida 32707

321-397-5505

321-397-5535 (fax)

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