Orlando – Davenport - Windermere – Kissimmee

Clermont

Short Sales

Orlando – Davenport - Windermere – Kissimmee - Clermont Short Sale Agents

Orlando – Davenport - Windermere – Kissimmee - Clermont Short Sale Realty

No Equity in your home? Behind on the loan repayments?

Lender threatening Foreclosure?

Free Help to Stop a Foreclosure and Save your Credit with a Short Sale

A short sale can help you if you are behind on your mortgage payments, can no longer afford their homes, and want to avoid foreclosure regardless of good or bad credit. We have a team of certified short sale specialists, who can offer foreclosure prevention services and will negotiate with your lender to help save your credit.

Before you ask us to go ahead with a short sale you may want to ask your lender for a LOAN MODIFICATION.  Your lender may be happy to extend the pay back time and or adjust the loan interest rate downwards thus reducing your monthly repayments.  Lenders generally would not agree to you just sending the keys back and for you to  ' walk away ' ( It is called a deed in lieu of foreclosure). They would , in most cases, want you to try and resolve the situation yourself by putting the home up for sale.

A Short Sale is what exactly? A Short sale is a pre foreclosure arrangement and engaging us to help with the sort sale. with your lender, whereby the lender will allow an owner to sell a property for less than the outstanding balance on the loan. Commonly referred to being ‘ upside down ‘ on the loan

Today Millions of owners are upside-down on their loans and desperately need help.

This is why you should consider our Short Sale Services:

1. NO MONEY OR FEES REQUIRED , your lender will pay is for helping you
2. You owe more on your property than it’s worth
3. Your payments have significantly increased due to an ARM interest rate adjustment
4. Your moving to a new area and can’t sell your home or afford double payments
5. You are an investor who got over extended with properties or payments
6. You lost your job or experienced a significant decline in income
7. Foreclosures in your neighborhood or area have destroyed property values
8. You want to avoid a default judgment from your lender
9. You want to avoid the credit devastation of a foreclosure

These are the Benefits to the Seller with a Short Sale

• NO MONEY OR FEES REQUIRED your lender will pay is for helping you
• Eliminates mortgage debt and ongoing payments
• Seller can remain in the property during the process without making payments
• Closing costs and real estate commissions are paid by the lender
• Avoids foreclosure and the disastrous affect on your credit
• You will have a team of certified professionally trained short sale specialists protecting your best interest

Why would a Bank Lender allow a Short Sale?

• The bank does not want to take back your property. They see property as a liability. They do not want to Pay for the pool to be looked after, grass to be cut, HOA fees to be paid , Property taxes to be paid and all the other costly financial liabilities that come with owning property.
• The foreclosure process is expensive, unpleasant and can take a long time as the courts are clogged up with foreclosures. Short sales on the other hand are cheaper ( No expensive attorney fees !! )
• Depending on the circumstances, most times a short sale is in the banks best interest .

What’s the Florida Short Sale Process?

1. Find out if a Short Sale fits your individual situation. Get prequalified. We offer a free, no obligation, phone consultation with one of our short sale specialist to see if you will likely qualify.
2. Complete a listing agreement and we market your property for sale in a hard-hitting, uncompromising and determined way.
3. A hardship Package is completed and submitted to the lender.
4. When a purchase offer is received, it’s submitted to the lender for approval.
5. Our professional mitigation team negotiates with the lender and buyer until a sale is approved.
6. Once approved, the file moves to closing.

The Florida short sale process can be very complicated one that requires patience, persistence and a great deal of experience. All lenders prefer to work with Realtors who have mastered the art of the short sale process. We will PROTECT your interests, financial information and documentation at all times. We will only part with information to those that you have authorized. Also, as long as this property is your primary residence, you may be released from all IRS tax obligations for the forgiven debt (consult your tax advisor).

Now that you know that our professional short sale services are provided FREE OF CHARGE, please pick up the phone and call us today for that FREE – NO OBLIGATION consultation.

In the USA and Canada call 1 877 438 6815, from UK call 001 407 392 4616 or e mail Shelley@FrontlineFloridaRealty.com

Very Important Scam WARNING

• Beware of fraudulent offers, do not sign over the Deed or Title of your property to anyone claiming they will find a buyer or they can "cash you out". Only work with licensed Realtors
• DO NOT pay any fees upfront to anyone that offer to help you. Not only is it not necessary, in Florida and some other State it is illegal for those offering any form of pre foreclosure service to charge up front fees.
• Do not delay. If you are behind on your loan or will be shortly, then call TODAY. Foreclosure has a very specific timeline and you must act quickly. Early intervention is often the key to success. WE ARE ON YOUR SIDE, NOT YOUR LENDERS!

How to Get Your Lender to Agree to a Short Sale

With all that said, short sale transactions are completed every day! Because the lender is likely to take so much time processing your short sale request -- and because time is of the essence -- you must ensure that your short sale request itself is as articulate, thorough and persuasive as possible. Here are some concrete actions you can take to maximize your chances for success.

1. Approach your lender as soon as you think you might need to request a short sale.
   If you are struggling to make your mortgage payments, list your home with a reputable real estate agent as soon as possible. If they advise you that your home is likely to sell for less than you owe on it, immediately contact your lender's "workout" department to request a short sale package. If you can get your lender to indicate how much of your mortgage they are willing to forgive up front, you boost your chances of working with a buyer to create a deal that is a bargain for them, but likely to be accepted by the bank, too.

2. Authorize your real estate agent -- in writing -- to work and to negotiate directly with the lender.
   But make sure to stay on top of the communications between your agent and your lender. Delegate; don't abdicate!

3. Make sure an offer is presented in its best light.
   Make sure your real estate agent includes a cover letter that explains the buyer's qualifications to buy your home, how much down payment money they propose to put in -- anything that might boost the lender's confidence. If the buyer is requesting any closing cost credits, be sure to tell the lender if the buyer is a first-time homebuyer; lenders are more likely to agree to concessions for first-time buyers than for investors.

4. Your lender will request a hardship letter from you.
   Make sure you handwrite it, and present your finances in the worst light. If you lost a job, had an illness or death in the family, are a senior citizen or have any other circumstances then let the lender know! Let them know that you are considering filing bankruptcy, and that this short sale would prevent you from doing that; because bankruptcy stops the foreclosure process cold, the lender would much rather approve your short sale than have you file bankruptcy. Also explain any facts that might make it harder for the bank to resell your house -- anything that makes the bank grateful that someone has made an offer!

5. Make sure your short sale package is impeccably thorough.
   At a minimum, the lender will want to see:

• The offer to purchase your home, including the buyer's preapproval letter;
• Your hardship letter;
• A balance sheet listing your monthly income and expenses;
• Statements from your checking, savings and other asset accounts;
• A net sheet from your real estate agent listing all of the closing costs that must be paid for your short sale to close;
• Supporting documentation, including two months' worth of paycheck stubs and all your bills;
• Your last two federal income tax returns.

Don't make them have to come back and ask you for any of these items. Make sure the package is complete the first time your real estate agent sends it!