Are you in distress? Is your home value less than the market price? I can help.
During the real Estate market crash years, I specialized as a certified short sale specialist and worked as an appointed agent for Bank of America for their distress properties.
During these years I have helped hundreds of home owners in South Florida- from Miami in the south, up to north West Palm Beach County. Cities include Miami, Aventura, and Miami Gardens in Dade County, Hallandale, Fort Lauderdale, Hollywood, Miramar in the south of Broward County; and Sunrise, Plantation, Lauderhill, N. Lauderdale, Tamarac, Margate, Coral Springs, Parkland, Coconut Creek, and Deerfield Beach in northern Broward County. Also Boca Raton, West Palm Beach and Lake Worth in Palm Beach County.
I am extremely knowledgeable, tenacious and most importantly, results oriented. No matter the size of the problem, nor the intricacies involved, I do what has to be done, in order to achieve the best outcomes for my customers.
I have had 100% short sale closing success.
What is a Short Sale?
A Short Sale, also known as a pre-foreclosure sale, is when you sell your home for less than the balance remaining on your mortgage. If your mortgage company agrees to a Short Sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the proceeds. Fannie Mae’s program is called Short Sale/HAFA II.
A Short Sale is an alternative to foreclosure and may be an option if:
- You are ineligible to refinance or modify your mortgage
- You are facing a long-term hardship
- You are behind on your mortgage payments
- You owe more on your home than it’s worth
- You have not been able to sell your home at a price that covers what you still owe on your mortgage
- You can no longer afford your home and are ready or need to leave
What is the process for a Short Sale?
If you qualify for this option, the process is similar to a normal real estate sales transaction. You will work with a real estate agent to market and sell your home. However, your mortgage company will also be working with you and your real estate agent every step of the way to:
- set the sale price (based on current market value),
- collect financial information and negotiate with other lien holders (i.e., your second mortgage company) if applicable,
- review acceptable offers,
- agree to the terms of the sale once a buyer is in place, and
- work with the buyer’s real estate agent and mortgage lender to finalize the sale.
In some cases, you may be eligible to receive relocation assistance to use toward your moving expenses and to make the transition to new housing easier.
A Short Sale may take up to 120 days, but this could be shorter or longer depending upon your specific situation. If you are unable to sell your home, you may be able to transfer the ownership of your property to the owner of your mortgage (also called a Mortgage Release or Deed-in-Lieu of Foreclosure).
What are the benefits of a Short Sale?
- Eliminate or reduce your mortgage debt
- Avoid the negative impact of foreclosure
- Start repairing your credit sooner than if you went through a foreclosure
- May be able to get a Fannie Mae mortgage to purchase a home sooner (in as little as 2 years) than if you went through foreclosure (up to 7 years)