In today’s market chances are you or someone you know is having trouble paying the mortgage payment each month. It is estimated that most families can only maintain their current living expenses for 60 days or less when income is interrupted for any reason. The reason can be something as simple as an illness, as temporary as the loss of a job or as devastating as the death of a spouse. For millions of homeowners nationwide every day brings them one day closer to the reality of facing foreclosure. If this is your situation and you are financially unable to stay in your home, a short sale may be your only way out.

What is a short sale?

   A short sale is when you owe more than a property is worth and all other options to save your home have been exhausted. An agent list your house for sale at market value and negotiates with the bank to accept less then you currently owe. The bank will need copies of your financial information and reason why you can’t make your payments. In some cases the bank may pursue a deficiency judgment or require you to sign a promissory note for the remainder of your loan. Short sales are often complicated with legal and tax ramifications. It is important you hire an experienced agent to handle these transactions. In some cases the agent can negotiate with the bank to waive their rights to a deficiency judgment and even keep the short sale from showing up on your credit.

   In these trying times illegal scams are everywhere. They promise you a quick resolution to your situation and some will even guarantee to save your home. All of this for a small upfront fee of course. Never pay upfront fees! Now more then ever it is important to work with an experienced real estate agent to help guide you through the process. A reputable agent will not guarantee to stop a foreclosure, no matter what the circumstances.

   The first and most important step is to take action. In the state of Florida the foreclosure process typically takes 180 days. This may seem like a long time, but with millions of homeowners facing foreclosure many lenders are understaffed and it can take months for them to approve a short sale. Remember just a few years ago short sales were unheard of, now they are in the news every day. Putting this decision off even a few days can have a devastating effect. Your actions now will affect your financial well being for years to come.

   A short sale is a complicated process that takes the expertise of experienced and educated professionals. I have not only earned the Certified Distressed Property Expert (CDPE) and Short Sale & Foreclosure Resource (SFR) designations but have gone a step further. I have formed a team with a Certified Public Account to offer tax advice, a title company to prepare documents and perform lien searches quickly and a real estate attorney to offer legal advice and handle advanced situations. Together we can safely guide you through these trying times and get you back on the path to financial security. Thanks to my team and personal reputation built over the past five years by working with over a dozen lenders and servicers, we now have a better then 90% success rate when it comes to negotiating short sales. My team and I are ready to assist you in the quick execution of a short sale transaction.

   Thank you for visiting this site and having the courage to act in the face of your challenges.  For more information or to schedule an appointment please contact us via the form below. I will respond to you shortly.