There are some basic steps in understanding what a short sale is in order to start the short sale process. Short Sale Facilitators want you to understand the terms and be informed and involved every step of the way in the sale of your short sale property.

Understanding a Short Sale

What is a Short Sale

A short sale is a real estate sale where the lender agrees to take less money for the property than what is owed on the loan.  The lender is “shorted” on the amount owed on the mortgage.

What is Pre-foreclosure?

Short sales and pre-foreclosures may happen together but a pre-foreclosure has a specific meaning. A property in pre-foreclosure generally means the property is in the final phase before the bank starts the foreclosure process. Most pre-foreclosures properties have missed payments and the bank has notified the owner of their intent to foreclose on the property.

Short Sale vs. Pre-foreclosure

A Short Sale Could Help Keep You Out of Foreclosure

A Short Sale Could Help
Keep You Out of Foreclosure

A short sale is often started when a home is in pre-foreclosure and is often referred to as a pre-foreclosure process, however, a property in pre-foreclosure is not always sold as a short sale. Depending on the lender, a home might be a candidate for a short sale even if the homeowner has not missed any payments.

Sometimes homeowners that are underwater (the property value is less than what is owed on the mortgage) may want to negotiate a short sale with a lender in order to prevent the foreclosure process. Some lenders may actually require that you miss payments before you can short sale.

Sometimes homeowners that are underwater (the property value is less than what is owed on the mortgage) may want to negotiate a short sale with a lender in order to prevent the foreclosure process. Some lenders may actually require that you miss payments before you can short sale.

What is a Foreclosure

A foreclosure property in one in which the bank has started the legal process to take possession of property as a result of the owner defaulting on the mortgage payments.

Short Sales after Foreclosure

Yes, but the success of the short sale depends a lot on how far the foreclosure process has progressed. The best advice if you need to short sale your property is to make the decision sooner rather than later. Short sales and foreclosures involve a lot of paperwork and scheduling and often there are multiple lenders involved. Your chances of postponing the foreclosure process while you short sale your home are much better if you talk to your lender early in the process. If you wait until the foreclosure sale date is close, there may not be enough time to stop the foreclosure from taking place.

First Step in a Short Sale

The first step is making the difficult decision to short sale your home. It is a difficult decision and an important one. Second, it is important to understand your options and what is involved every step of the way. Call Short Sale Facilitators of Casselberry, Florida. They will answer any questions you have about the short sale of your home. Once you have the knowledge you need, your next step will be to list your home as a short sale with a realtor.

Short Sale Negotiation

Short sales are very complicated. There may be multiple lenders and tax or HOA liens on the property, or you may already be in foreclosure. In addition, the property may be worth less than what it can sell for, and a strong negotiator is a person who will work with the lender to minimize any deficiency that may remain once the property is sold. They can often negotiate some relocation assistance to help you move after the sale.

Short Sale Facilitators Help

Alma Korshak negotiates short sales with lenders every day. She knows the process, the paperwork, and the specific requirements of each lender. She uses this knowledge to negotiate the best possible outcome for her clients.

Fees to Negotiate Short Sales

Any fees due to Short Sale Facilitators are paid at closing but never by the seller. You don’t need to worry about how to pay yet another fee. Schedule an appointment to meet with Alma Korshak in her Casselberry Florida office. They will answer your questions and explain what you need to provide in order to start the short sale of your property. Let her help you and your realtor by managing and negotiating all aspects of your short sale.

Short Sale Facilitators. The Power of Negotiation.

Social:




Hablamos Español

Contact Us:


950 S. Winter Park Dr., #352

Casselberry, Florida 32707

321-397-5505

321-397-5535 (fax)

info@ssfacts.net