When To Consider A Florida Short Sale

Short Sale Facilitators Negotiate Short Sales for Distressed Homeowners

Short Sale Facilitators Negotiate Short Sales
for Distressed Homeowners

When financial hardship strikes, many homeowners want to know at what point they should consider a short sale of their home. A short sale may be a viable alternative to foreclosure or bankruptcy, but many consumers are not sure if they qualify for a short sale.

Short Sale Facilitators in Casselberry, Florida frequently meet with distressed homeowners who just aren’t sure if and when to consider a short sale. They may be struggling with personal financialissues that have made it impossible to keep up with their mortgage payments. There are certain circumstances when you should consider a short sale.

1. Cannot Pay Mortgage

You may be current on your mortgage, but if you absolutely know you can no longer make your payments, it is time to act. Don’t be afraid to contact your lender. Considering a short sale tells the lender you want to find a way to resolve your mortgage debt. Avoiding the conversation and defaulting on the loan may end up with the bank starting foreclosure proceedings.

2. Mortgage in Default

Some lenders require that you be in default before you can short sale, but waiting may be risky. Once you have defaulted, the lender will take steps to recoup their losses, which may mean foreclosure. It is always best to seek help before you default on your mortgage.

3. Considering Foreclosure or Bankruptcy

If you are considering either foreclosure or bankruptcy, you may want to consider a short sale first. Any of these three options will have an impact on your credit, but a short sale may minimize those credit implications. For example, the waiting period before you can buy another home may be shorter for a short sale than a foreclosure. Every short sale is different and individual credit history will play a role, so there is no single solution that makes sense for everyone.

4. Financial Hardships

Most short sales will require a documented financial hardship that details why you can no longer afford to pay your mortgage. The hardships considered may include loss of a job, divorce, severe illness, or bankruptcy.

5. Underwater Mortgage

Some homeowners may not be able to sell their homes even if they wanted to because they owe more on the mortgage than the property is worth. This is known as being underwater.

Do you find yourself in any of these situations? If so, what should you do? Calling Short Sale Facilitators is a good first step. Alma Korshak has over seven years experience negotiating short sales. She understands how lenders think, what they consider and what the hurdles are to getting the lender to approve the short sale. She will listen to your individual circumstances and discuss whether or no a short sale might be a good solution for you.

It’s important to keep in mind that every lender and every mortgage guarantor may have their own guidelines about when they will consider a approving a short sale. For this reason, it is important to have an experienced negotiator who has experience with various lenders and their individual requirements.

The first step may not be an easy one, but a short sale may be the best one for your situation. How do you know? A simple phone call to schedule an appointment with Alma Korshak may eliminate the worry and help clarify your options. Alma meets with clients in her Casselberry, FL office. She is passionate about negotiating short sales, and she wants to help sellers find a way out of a mortgage they can no longer afford.

If you decide a short sale is best for you, Alma will be glad to help you through the process by negotiating the short sale with your lender. She has helped homeowners with the short sale of their property for over seven years. She understands what you are facing and she knows how best to handle the negotiation with your lender.

If you are experiencing a hardship, Short Sale Facilitators can help you understand how to document the hardship to your lender. They will explain the paperwork required and they will monitor the process all the way through to completion. They will communicate with you and your realtor so you are informed of the progress every step of the way.

If you are facing financial hardships, foreclosure or if your property is underwater, get help. Don’t add to your stress – make a call and ask the questions.

At Short Sale Facilitators, every client is a priority.

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950 S. Winter Park Dr., #352

Casselberry, Florida 32707

321-397-5505

321-397-5535 (fax)

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