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David Heroux's Blog

By David Heroux | Agent in Spring Hill, FL

Are you at least 31 days late on your mortgage payment?

More than ever have people all over the country been suffering from financial distress. With loss of employment and poor mortgages increasing among other things, the real estate market appears to be a disaster. Unfortunately, over one out of every three home owners’ debt greatly oversees the value of the home. Keep in mind too that many homeowners feel obligated to dish out money that they do not have so that closing is possible if they were to sell their property. In some states, one/fifth of the homeowners today turns up as delinquent when paying their mortgages. If you have dug yourself into this hole where you have no choice but to sell your property, do not get the impression that you are secluded from all other homeowners. During my years of experience as a Florida short sale specialist, I am here to inform you on all of the options that you may qualify for and offer you assistance at no cost; which has helped many homeowners escape the disaster of a Spring Hill foreclosure. You can save your credit with my help alongside with dodge foreclosure and be off to a new start.

What exactly is a Florida “short sale” in Real Estate?

The term short sale is derived from the act of selling your home for short of the amount owed. Short sales often occur in real estate when a lender comes to agreement in accepting a shorter pay off amount on a loan rather than what is owed to their property. When a short sale transaction is taking place, the borrower will be indebted more on their loans and liens versus their property’s worth at its current market value. Also, a lender will only agree to a Spring Hill short sale generally when the borrower can give account that they are in some type of hardship.

How do I qualify for a Spring Hill short sale?

Since lenders have developed a more lenient attitude towards homeowners in recent times, there are normally three qualifications required for a Florida short sale.

1. Financial hardship such as: loss of employment or income, divorce or separation, relocation or job transfer, property in need of repairs without resources to make repairs, major sickness and medical expenses, death of a family member, vacant rental properties, etc.

2. The proceeds of the sale of the property, after all closing costs are paid, are less than the amount currently owed on the home.

3. Financial Insolvency (no other major assets).

What are the benefits to doing a Spring Hill short sale?

One thing that will majorly benefit you from short selling your home is that your record will usually bounce back within two years, which will admit you the time to pay off old debt and establish your credit once again and qualify for loans. Simply put, your credit history will read as “settled in full” or “paid as negotiated”, however, it will not be display itself as “short sale”. A short sale is not an actual item on your credit so it will usually not affect any future employment whereas a foreclosure keeps its title while potentially turning away employers, or even sacrificing your current job title.

Whenever foreclosure appears to be a possibility on a homeowner’s record, it is wise do as much research on Spring Hill short sale Realtors before a decision is reached. In the event of choosing a short sale, a short sale specialist is the correct answer to your worries. A qualified and highly trained short sale Realtor will walk you through the steps of the short sale process while being responsible for all negotiations on your behalf.

Spring Hill Short Sale Realtor , Can my current Spring Hill short sale Realtor® help me?

Examine this question carefully. Short sales are specifically designed to be under management by experienced short sale Realtors who have many short sales completed under their belt and the evidence to show it. There may be short sale Realtors who boast of taking on a Florida short sale, but it’s ever so wise to examine the so called proofs to those claims. To start a short sale only to witness rejection would be heartbreaking. Don’t let an incompetent Realtor who claims of being able to bring you to a successful completion of your short sale fool you. Once you seek out a short sale specialist, make sure you have a list of questions you would like them to answer and be sure you are at complete ease with their assistance. Remember, proper training is important for the short sale process; however, I do believe there is no substitute for experience. A weekend training course does not make somebody an expert in short sales. I am a Spring Hill short sale specialist and can offer you no cost assistance to guide you in the Spring Hill short sale process. go to: www.springhillshortsalesspecialist.com for more information. We are here to answer all your questions about Spring Hill Short Sales.

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