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Florida Short Sales - What is a Short Sale?
Due to the poor local real estate market and the nationwide mortgage loan crisis, many Florida homeowners find themselves unable keep up with their increased mortgage payments.
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So what is this thing called a Short Sale?
A Short Sale is a transaction in which the bank (or banks) accepts a discount on their mortgage to allow a sale, and avoid foreclosure or bankruptcy. Just to show you one example: A homeowner, who is facing foreclosure, has a first mortgage of $450,000. The current market value of the home is $300,000. The Mortgage Bank agrees to wipe out $150,000 in mortgage debt, and accepts the offer for $300,000 and the home is SOLD. This process works for any price home regardless of location or condition. Please do not wait until it becomes too late. Take a few seconds to contact www.411WeBuyHomes.com for your FREE confidential, no obligation consultation. You deserve to know all the options available to you.
During a Short Sale process, our very professional team of experts has truthful and persuasive negotiations with your mortgage company on your behalf. Using our proven successful methods, expertise and experience, in most cases we are able to convince the Mortgage Bank to reduce your loan balance on the home. This allows us to then sell your home quickly to another Buyer, versus allowing the Bank to FORECLOSE on your home, which would ruin your credit and cause a large amount of embarrassment. You may even ask yourself "Why should I care, I don't have any equity left in my house" ... Well, the fact is there are several important reasons why a Short Sale is far better for you compared to Foreclosure ... And Here Is Why:
Can you tell me what are the Advantages of a Short Sale?
1.) All Deficiency Judgments Can Be Eliminated. A "Short Sale" gives you 3 to 5 months (Dr more) time to stay in your house while the "Short Sale" is being negotiated. Our services are Free.
2.) Less Damaging to Credit Rating: A Foreclosure will severely damage your credit rating for 7 to 10 years, but a Short Sale is less damaging and the effect does not last as long.
3.) Major Banks are Encouraging Short Sales over Foreclosure: Fannie Mae (FNMA) recently changed their underwriting policy so that a past home owner now has to wait 5 years after a Foreclosure before FNMA will underwrite a new loan. If the homeowner conducted a Short Sale the wait time can be just 24 months! And in some cases even much less. Freddie Mac also offers participating Banks an incentive to do a Short Sale instead of a Foreclosure. However, the process is not easy and constantly changes. Our company takes care of everything.
4.) Relief from Second Mortgage and HELOC : When the 1st Mortgage Bank forecloses, the Second Loan is NOT deleted from your debt. The Second Mortgage Bank may take legal action to collect their debt after the Foreclosure. With a Short Sale, our extremely successful team negotiates with ALL lenders to highly reduce or totally eliminate the Second Mortgage and/or HELOC loan debts.
5.) Much More Dignified Solution: With a Short Sale, we SELL your home just like your neighbors have done. It's a much more dignified resolution to a very tough situation. On the other hand, with a Foreclosure, a SHERIFF will come to the home and perform a duty called a LOCK OUT, forces anyone and everyone from the home, the lawn gets overgrown and condition of the property gets even worse. Then, some stranger from the Bank places one of those big "BANK FORECLOSURE - FOR SALE" sign in the front yard for all your neighbors and the world to see. Please don't let this happen to you. Time to take action is now.
6.) Much Shorter Delay to Loan Worthiness: It is much easier to have credit restored and make major improvements to credit ratings with people who have done a Short Sale. However, it is extremely difficult to make improvements resulting from a FORECLOSURE.
7.) CASH For Your Help: Some banks we work with are now offering home owners a "Cash Incentive" in order to cooperate with a SHORT SALE, instead of allowing the property to be Foreclosed on by the Bank. The Banks and the amount of cash sometimes offered, is on a case by case basis so please contact us to find out more. One thing is for sure ... the longer you wait, the harder it is for us to get you the help you deserve! You must know that time is of the essence. Have you received legal papers or a notice to respond? Are you late on your mortgage payments or soon will be? If Foreclosure proceedings have started on your home, then you only have a very limited time before your home is SOLD at the public FORECLOSURE AUCTION on the courthouse steps. The great staff and the entire team at www.411WeBuyHomes.com can almost always get the FORECLOSURE POSTPONED or FORECLOSURE STOPPED, but only if you call us as soon as possible. Please do not hesitate any longer, or sit at home and hope that your financial problems will suddenly change in the next few months. The real truth is ... they seldom ever change.
We have helped many Florida homeowners in the counties of Miami-Dade, Broward, Palm Beach, Martin, St Lucie, Indian River, Orange, Duval, Clay, Brevard, Lee, Charlotte, Sarasota, Glades, just to name a few. And please remember, we also help homeowners throughout the United States in any location and any price home. Do not trust your home Short Sale with just any Realtor or company! We work very hard 7 days a week.
Please know that you may only have ONE SHOT at this, and there is a lot riding on the successful negotiations with your Bank and the sale of your home. We've been working in the real estate industry with Short Sales, Foreclosures, Bank Owned properties, Purchase & Sales of Residential Homes, Commercial Property & Land for many years. We've negotiated with Banks and Savings & Loans to reduce loan balances, stop or postpone foreclosures, or to help restructure loans and Loan Modifications on behalf of the homeowner. Let US prove to you how good we are. Contact us today.
The 411WeBuyHomes Team of Experts consists of Bank Negotiators, Real Estate Marketing and Sales experts, Transaction Coordinators, and so much more. And remember .Our Services Are FREE To The Homeowner.
Please give us a call TODAY, so we can immediately begin to help you have a great tomorrow.
We hope this information was helpful. If you ever have any questions or want to learn more about the many options available to you ... Contact Us Any Time!
www.411WeBuyHomes.com
Call 1-800-377-5061 Recorded Message 24 Hours a day.
Also, you can speak to someone from our office for immediate help.
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