Ok, I’ll bite. Short sale answers are coming more quickly. Why, do I think?

For one, I think that agents and others who negotiate short sales are becoming more familiar with the process. They know what the banks want, how to package it and how to actually follow up.

Next, I believe we’re seeing more closings for the simple fact that we are submitting more short sale packages. At any given time I have somewhere between 10-20 in the initial submission stages along with another 10-20 in pre-closing / post acceptance stage. Compare this to last year where the numbers were 5-10 TOTAL at any given time. Of course we’ll see more close NOW.

What do I think of the future? In the future I believe that the banks will be approving LESS short sales. At least less short sales without some type of promissory note or continued deficiency rights.

Sellers, if you do not have a hardship look at other options PRIOR and do not attempt a short sale. If you truly have a hardship and a short sale appears to be your only option make sure you discuss a short sale with your accountant and attorney BEFORE you list the property for sale. There could be ramifications of a short sale and you don’t want to waste months only to find out that a short sale wasn’t really the best option for YOU. Each individual’s situation is different. Different in their hardship, credit, assets, approval, etc. Do your homework first. Do you still wish to proceed with a short sale IF the lender wants to come after you for the deficiency? Maybe? Maybe not?

There are many articles out there that go over what a short sale is & what it isn’t. Some articles are completely incorrect and some are very accurate. Talk with professionals who understand the process. Hire a real estate agent who has closed SEVERAL short sales & ASK about the outcome of these short sales.

I believe things are changing. Feel free to contact me for more information about Cape Coral short sales.

Yours in Success,

Florida Future Realty, Inc.
www.Florida-Future-Realty.com
(239) 542-8521
FloridaFuture@gmail.com

To get started we’ll provide a brief, no obligation consultation. We’ll go over the process and explain the documents required to facilitate a short sale in Florida.

We have experience with most lenders and can advise you what we’ll need for your Florida short sale to be considered.

Keep in mind that your lender is NOT required to work with you on a short sale. We’ll negotiate with them on your behalf to convince them that a short sale on your Florida property is their best option. It can cost the bank between $30-75,000 per property to foreclose. But generally speaking, the bank loses all rights to come after the borrower (you) for a deficiency judgment if they agree to a short sale; so they may want to Foreclose to leave the option open. Lenders have up to 5 years to file for a deficiency judment after a foreclosure. So just because we may not hear about many banks filing does NOT mean that they will not in the future.

Our goal with a Florida short sale is to assist you with obtaining a FULL RELEASE and SATISFACTION with ZERO due from you or second best, a small cash contribution or small promissory note if required. Generally, promissory notes are offered at 0 percent interest with very low payments. These are generally only required when you have substantial assets or a high credit score. This is much more attractive than a possible foreclosure and potential deficiency judgment for the full difference.

What happens first?

We’ll send you out a package detailing our process, a checklist of required documents and instructions. Following that, we’ll send you a Florida listing agreement with short sale addendum, real property disclosure and any other required addendums to list your property for sale.

Then we’ll get the property listed. Market it accordingly until we receive a valid offer for sale & purchase.

Next, we’ll submit the entire package to your lender and negotiate with them for a short sale.

That’s the short of it; we’re more than happy to go over the details with you in person or via phone consultation.

We service the entire SW Florida market & have associates all over the state of Florida that have experience with negotiating short sales.

Florida Future Realty, Inc. can be reached at 239-542-8521 or via email: FloridaFuture@gmail.com

We look forward to hearing from you & as always make it a GREAT day!

Yours in Success,

Florida Future Realty, Inc.

Short Sale Division

239-542-8521

2816 Del Prado Blvd. S. Unit 2

Cape Coral, FL 33904

www.Florida-Future-Realty.com

Other guidelines include:

No option contracts or assigning deeds allowed

No up front fees to be charged

Must be a licensed real estate agent

No outside negotiation companies are to be used

If you fit all of these criteria, please join now!

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