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Magda Robles,Florida Broker's Blog

Expert Agent - Buying or selling in broward county, Florida ?

By Magda Robles | Agent in Bonita Springs, FL
  • All About Short Sales Advice from Magda Robles, CDPE

    Posted Under: Foreclosure in Pembroke Pines  |  November 18, 2009 10:04 AM  |  1,579 views  |  1 comment

    "A man should think for what is, and not for what he thinks should be" Albert Einstein

    CDPE: Certified Distressed Property Expert

    Short Sales:  When a Homeowner owes on a property more than the property is worth

    Conditions:  In order to Qualify for a Short Sale, YOU MUST show HARDSHIP.

    Hardship: Those circumstances that changed the Homeowners ability to make their mortgage payments. They must be real, proof is going to be required. 

    What is the situation that caused Hardship?
    a. Illnes or death of a spouse b. Unemployment  c. Relocation d. Death of family members whocontributed to income e. Severe Illness f. Divorce g. Military service h. Separation i. Mortgage Payment increases i. Insurance and tax increases j. Reduced incme k. Business Failure l. Incarceration

    Distress in families does not only affect the Homeowner.  If you are not able to make payments on your mortgage, the first thing I recommend is to contact your Servicer.  Lenders are open to cooperate with Homeowners.  Do open the letters you might receive, Do answer your phone.
    Your pain will be reflected in your Family Members. 
    If there is an Issue that needs to be faced, do so with Certainty.  Not knowing where you are standing takes a toll on your health and those you love.
    A CDPE in your area, can help you determine if a Short sale is your best option.  Do not list your home without consulting an expert.  It does not cost you anything to look for answers and You will be happy you did. 

    NOTE:  Weekly updates will be posted -Comeback soon to this blog and or share with others.  We are here to help you. The Robles Team

 
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