Short Sales

What is a short sale?
A short sale in real estate occurs when a Mortgage Lender agrees to take less than the amount owed on a piece of property. In today’s market, the homeowner owes more money on the property than the home is worth. This process can only occur when a Seller qualifies for a short sale by proving a hardship to the Lender.

How can you qualify for a Short Sale?
The main qualification is that you must show that you are in some type of financial hardship. You must be able to prove to your Lender your inability to pay your loan payments whether it is due to a loss of employment or reduction of pay, death or illness in the family, divorce or employment relocation. Also remember that most Lenders will require the property to be placed on the market for sale before they will even negotiate.

How can we help you?
We are experienced Real Estate Agents that specialize in sales in Keys Gate and surrounding areas. We work together with Sunshine Title of Homestead to negotiate a payoff amount with your Lender. Our agents will market your home aggressively to attract Buyers and will oversee the entire sales process at no cost to you.  

How much time will this take you?
It does not take much of your time at all. Sunshine Title of Homestead will ask you to provide certain financial forms for us to present to your lender. Then we will start the process of contacting your Lender to obtain a short sale approval.  We will do all of the leg work and all you need to do is sit back and relax!

Who will pay the Real Estate commission?
In most approved Short Sales, the Lender pays the commission. 

Can I get any money back from a short sale?
As of November 30, 2009, a plan called the Home Affordable Foreclosure alternatives (HAFA) was formed to give qualified home owners the chance to get $3,000 back from a short sale to use towards relocation expenses. Some lenders are offering even more! Let us help you obtain more information from your lender today!

Why is it to my advantage to do a Short Sale?
A foreclosure will hurt your credit much more than a short sale.  Typically, foreclosures stay on your credit much longer than a short sale. Also the short sale process is a much quicker process that will allow you to move forward with your life much sooner than a foreclosure.

Contact us today at 305-230-0000 for a consultation. REMEMBER THERE IS NO COST INVOLVED!