Should I Short Sale My Home in Palm Beach or Dade County FL To Sell My House
If you decide to sell your house as a short sale, it will lower the amount of money you owe the bank, and will shorten the length of time you have to deal with the bank running after you for unpaid funds. That's why we are here toÂ help home owners as we assist real estate agents who specialize in both marketing and positioning your property while
simultaneously procuring a purchaser who will buy your home for a discounted
price, to beat the calendar to the foreclosure date.Â
Selling your house
through a short sale requires more than three times the amount of work of a
traditional sale. We feel safe saying that over 85% of realtors in the South
Florida area either do not know how to conduct a short sale to beat
the time line you are up against. Putting together a detailed short sale
package to submit through the lender itself is very time consuming. From the
marketing aspects to finding a right buyer to having enough patience to see the
deal through can be very challenging.
So, we have set out and put together a fully equipped team to handle every
aspect of the short sale process. From a marketing coordinator, in house real
estate attorney specializing in default situations, negotiator, and an
administrator. We have a fully equipped team to make this stressful time very
easy on you. We strongly recommend using proper representation with a
specialist shall this be an option for you. All of our consultations are fully
confidential, free, and we come to your property.
I REPRESENT A LARGE GROUP OF INVESTORS THAT BUY ANY HOUSE ANY CONDITION NOW IF TIME IS AN ISSUE.Â YOU CAN SELL NOW! JUST CLICK HERE!
Sale VS Foreclosure â€“ What Will Happen if I Donâ€™t Sell My House?
owners considering walking away or waiting too long till it is too late should
weigh the potential difficulty they may face from moving to a new place.Â For example, if moving into a rental
property, then you are up against convincing a landlord to rent to you after
they have the red flag of missed mortgage payments on their credit record. The
landlord is risking the chance of renting to you instead of someone who is more
responsible to see his rents are collected each and everyone month. And paying
for moving expenses â€” which many walk away homeowner fail to consider â€” can
quickly add up too.
know that an estimated 11 million home owners owe more on their mortgage than
their property is currently worth? Thatâ€™s made more home owners consider
walking away from their mortgage and home ownership, even those who can still
comfortably afford to make their payments (known as â€œstrategic defaultâ€).
Walking away from a mortgage usually results foreclosure. So what are the
consequences of walking away? There may be far more consequences than what most
home owners ever considered. Letâ€™s cover what some of those consequences are.
The consequences include everything from badly affected credit to potential tax
consequences and deficiency risks. Home owners' credit scores will be badly hit
regardless of whether they attempt a short sale or have their property
foreclosed on, but far greater when you have endured a foreclosure crisis.
There also could be the potential for deficiency risks when walking away from a
home, which largely varies from state to state. (View anti-deficiency laws by
state.) In some states, lenders may sue you for the difference between what you
owe and what your foreclosure proceeds are.
You can lower that risk when choosing a short sale because the negotiator will
fight the bank on your behalf to get you the best result possible.Â
Â Now if
this is your primary home of residence, you can call your certified public accountant
to get the tax lien forgiven on your mortgage which is in effect until 2012.
People who have lost their homes through foreclosure or who have restructured
their mortgage loans may qualify for tax relief under a new tax law, the
Mortgage Forgiveness Debt Relief Act of 2007. The tax relief was extended to
cover the years 2007 through 2012 under the Emergency Economic Stabilization
If you are in need of a new job than you may want to think about how your
credit will look in the eyes of employment as they look at the credit as a way
of viewing our character. This is why home owners may find that there are
professional consequences from walking away from a mortgage, as the number of
employers eyeing employeesâ€™ credit profiles continues to grow.
Frequently Asked Questions...
What if I have several mortgages on my
Most people in your situation do. Each lender is negotiated with that needs
to be "shorted". As in anything else the more lenders needed to short
the more time consuming, but it depends on your current property value, offer
price, and loan amounts on each loan.
Â How much time does it take?
From the day you accept a contract to the time that the property will close
can take up to 90-120 days. There is much paperwork involved and negotiating
which takes time.
Â What if I have already filed bankruptcy?
Just because you have already filed bankruptcy does not mean that you cannot
do a short sale. Most "professionals" do not want to do a short sale
because of the amount of work and time associated with it. As mentioned before
the last thing you want is a foreclosure and bankruptcy on your credit.
Bankruptcy may cure your debt and liabilities but it will not save your credit.
Depending on if you file for a chapter 7 or 13 bankruptcy you can still do a
short sale, there is just more paperwork involved and it will take a bit longer
Â What about property taxes I did not pay?
They get paid at closing from the lender since title has to be free and
clear when transferred to a new buyer.
Â Are all short sales accepted?
If the lender believes they will net more money for your property through a
short sale vs. taking the property back then they will most likely accept the
offer. Many lenders are encouraging them vs. taking the property back. It is in
the lenders best interest in all cases to accept a short sale vs. foreclose on
Great, How Much Does This Cost? NO COST! CALL Now 888-877-9824
It costs you nothing. Our company has connected with many buyers who offer the bank cash which will ensure a solid closing at the title company.We must deliver free and clear title is just one of our goals to help you out with, so that we can then have the house ready for aÂ new purchaser of your property.
Now once in a while you might be just shy at reaching the lenders requested
net amount and you may have to go into your pocket to pay the difference but
that is rare. If you use the right representation you can avoid that!Â We have an in-house attorney on board and a full staff of short sale specialist to see you complete the short sale you need
before the bank tries to take your house! Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
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