Preventing Foreclosure Through a Short Sale

No up-front fees, I will handle the negotiation with your lender and sale of the home.

SteveinFL@gmail.com  

727-432-3271

There is much talk about Short Sales in the real estate marketplace today. A short sale is selling your home in pre-foreclosure for less than what you owe, with the approval of the lender.  Selling your home through a short sale is a viable method of avoiding or preventing foreclosure if approached properly.

In fact, having a professional negotiate a short sale can often prevent foreclosure while protecting your credit and allowing you to make a smooth transition from the obligation.  More and more banks today rely on short sales to reduce their exposure to foreclosed properties. 

In considering a short sale there are several guidelines to keep in mind.

     1. You must be able to prove financial hardship to the lender.

     2. The selling price is determined exclusively by the lender.

     3.  The homeowner is not entitled to any proceeds from the sale.  

     4. Obtain a workout package from the lender immediately.

If you are considering a way to prevent foreclosure you should take action immediately to place everything in order for a potential sale.  Initiate the process with a call to your lender to obtain a work-out package.  Do not wait until the home is listed and then wait for an offer to begin the process.    This is something that is very important in that it will consume valuable time.

I will help you to get the process started. And, with a standard form that allows me to speak directly to your lender, I will actually handle the entire process, relieving you from the emotion and stress of negotiations.

The fact that the short sale process takes time, sometimes months, can be an advantage as it allows the seller to remain in the home while the terms are being worked out with the lender.  By planning ahead, you avoid the foreclosure, you protect your credit and allows for an orderly transition for all concerned.

Please do not hesitate to call for a complete overview or consultation.  If you are concerned about a possible foreclosure or want to stop foreclosure, you must act before the foreclosure process begins.  In other words, it is best to get started right away to avoid an otherwise preventable foreclosure.

727-432-3271

     SteveinFL@gmail.com