Florida Short Sales Archives

How do I qualify for a Short Sale…here’s how!

Sunday, November 6th, 2011 at 9:45 pm  
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How do I qualify for a Short Sale?

To submit a short sale request, you need to have a hardship, a buyer, and the lenders require that you have the house listed with a Realtor.   Your offer from your buyer, along with your financial information, is submitted to your lender for their review to determine if you qualify for a short sale.  There are different types of short sale programs which I will discuss in other paragraphs in this Special Report.  Many homeowners have been informed by their lender that they should sell their property on a short sale.  However, many real estate agents aren’t even taught how to conduct a short sale or how to price the house properly in order to find a buyer.   When you choose the wrong real estate agent, they never find a buyer or they aren’t able to short sale the property at market value and then your house goes to foreclosure.  If you don’t have a buyer, then the lender will not even consider the short sale.  At Sell Fast Realty, Our #1 Focus is YOU!  Once we have your buyer, then you will have to provide the lender with a full financial packet and your short sale begins. 

How severe does my Hardship have to be to receive a Short Sale? 

First of all a hardship is a hardship. Many people right now have the same hardship reasons as you: reduced hours/pay at work, doctor bills, adjustable rate mortgages, insurance premiums increased, escrow accounts increased, divorce, relocation, two house payments, illness, etc.  However, the lender is the only one who can qualify you or your house for a short sale. Having our team of short sale experts who know the in’s and out’s of short sale process will greatly increase your success in getting your short sale approved.

Do I need to be 4-5 months behind on my mortgage payments before the lender will even let me do a short sale?

No, you do not.   I have started working with homeowners who were current on their payments but they knew that in the next 30 days they would be behind.  The lenders need a hardship, so once you have a hardship and you have missed your first payment, then they understand that a hardship exists. However, the lender will typically start legal actions against you within the 4 to 5 month timeframe.

 

What’s the next step for me?

Take Action Now by calling us at 407-888-3433 or call the Sell Fast Realty Agent who provided you with this Special Report.  You can also go online at www.SellFastRealty.com or www.freefactsaboutforeclosure.com/ and fill out the contact information.  Please be sure to fill out the form completely for a quicker response.  We will contact you personally within 24 hours to tell you how our expert short sale team can relieve your stress….. Our #1 Focus is YOU!  I am honored that I can educate you with the true facts about foreclosure and we can discuss if you qualify for a Short Sale. I am sure you have some more questions after reading this Special Report and we look forward to discussing them with you on a personal and confidential call with you.

Kimberlee Frank
Real Estate Broker & Short Sale Negotiating Expert
407-888-3433
www.shortsalenegotiating.com
 

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Stress of foreclosure: I can’t take it anymore…what should I do?

Sunday, November 6th, 2011 at 9:38 pm  
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I can’t take the stress of Foreclosure anymore…what should I do?

Become educated and make a decision.  I remember waking up in the mornings after a sleepless night, praying that this was all just a bad dream.  I fought with everyone from my husband, kids, mother and even the dogs.  I was so sick over everything, I even lost a kidney.  I realized the fact that I was throwing good money after bad.  The stress of foreclosure will do everything it can to take you out!  What I found to be the most helpful was that I made a decision and stuck to it.  I had to accept being happy where I was for the time and believe that everything was going to be alright.  I wasn’t raised to be a person who walks away from my responsibilities; however, I had to look at the big picture.  I wasn’t the only one in this situation; LOTS of people are living the same nightmare!

I started attending church more often and reading the Bible every evening.  My faith got me through all of the mess.  I had the background and knowledge of how to do a short sale, a bankruptcy, and/or save my home; however, when it came to helping myself make a decision, it was one of the hardest things in my life.  I had several rentals that I fought to save and spent thousands of dollars in the process.  In the end, I short saled the properties and THEN filed bankruptcy.  I even separated from my husband of 21 years.  If only I would have made the decision a lot sooner, I may have saved my marriage and avoided great financial loss.  Thanks to God, I have fully recovered from all of my losses and I am right back on track where I want to be!  I would recommend the following reading to help during this crisis:

  • The Bible – this Book will build your faith
  • Join a church – You are welcome to join me at The Master’s Touch International Church at 555 Markham Woods Road, Longwood, FL 32779, phone number is 321-304-4111 (non-denominational, people travel from several counties to attend weekly).  Sunday services are at 9am and 11am, and Tuesday evening service is at 7pm.  I am at the 9am service, and would love to see you there, please find me and introduce yourself!  Come and grow your faith!
  • Who Moved My Cheese – this book will help you understand the economy
  • The Five Love Languages – this book will help you understand your individual family members and how to communicate better.

What’s the next step for me?

Take Action Now by calling us at 407-888-3433 or call the Sell Fast Realty Agent who provided you with this Special Report.  You can also go online at www.SellFastRealty.com or www.freefactsaboutforeclosure.com/ and fill out the contact information.  Please be sure to fill out the form completely for a quicker response.  We will contact you personally within 24 hours to tell you how our expert short sale team can relieve your stress….. Our #1 Focus is YOU!  I am honored that I can educate you with the true facts about foreclosure an take away the stress of foreclosure.  I am sure you have some more questions after reading this Special Report and we look forward to discussing them with you on a personal and confidential call with you.

Kimberlee Frank
Real Estate Broker & Short Sale Negotiating Expert
407-888-3433
www.shortsalenegotiating.com

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Should I save my home and fight the foreclosure?

Saturday, November 5th, 2011 at 11:40 pm  
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Should I save my home and fight the foreclosure?

You may be struggling with this question.  Should I try and save my house?  If you can afford to stay in your house at a comfortable payment, then I can refer you to a non-profit organization that will help you fight the foreclosure.  Your monthly payment will be paid directly to that organization and they will provide you with your own attorney.  There is no guarantee that they will be able to help you keep your house.  Sometimes, sellers will end up doing a short sale anyway.  However, there are several things that they look for regarding your purchase of the house which may work in your favor.  Did your lender do everything right?  Is there any fraud that can be exposed in your defense?  You can go to www.frfvideo.org for more information. Only you can make the decision whether you want to stay in your home.  Please consider some of these things:

  • Can you afford a monthly payment equal to the current value of the house?
  • How long do you think it will take for the economy to turn around and recover to the point where the value of the house returns to the purchase price when you first bought the property?

When can I buy a home again?

I have seen sellers who have purchased a home using conventional financing as early as 2 years after filing bankruptcy and/or conducting a short sale.  The mortgage industry is changing daily and there are many variables to consider.  I have private lenders (individuals) who are willing to finance owner occupants that have 20% down.  Many sellers decide to purchase a home as a lease options and/or just rent until they are able to repair their credit.

What’s the next step for me?

Take Action Now by calling us at 407-888-3433 or call the Sell Fast Realty Agent who provided you with this Special Report.  You can also go online at www.SellFastRealty.com or www.freefactsaboutforeclosure.com/ and fill out the contact information.  Please be sure to fill out the form completely for a quicker response.  We will contact you personally within 24 hours to tell you how our expert short sale team can relieve your stress….. Our #1 Focus is YOU!  I am honored that I can educate you with the true facts about foreclosure.  I am sure you have some more questions after reading this Special Report and we look forward to discussing them with you on a personal and confidential call with you.

Kimberlee Frank
Real Estate Broker & Short Sale Negotiating Expert
407-888-3433
www.shortsalenegotiating.com

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