Florida Short Sales Archives

Bankruptcy vs Short Sale or Foreclosure

Saturday, November 5th, 2011 at 11:26 pm  
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Should I file Bankruptcy?

There are different types of bankruptcies.  There is a Chapter 7 that will discharge you from all your debts; qualification will depend on how much is owed and your income.  Then there is a Chapter 13 which is a 3 to 5 year re-payment plan for your debts.

A bankruptcy prior to a short sale does not help you with getting a fresh start because the lender will still have to do the full foreclosure process to get title back to the house.  A bankruptcy will eliminate the debt that is owed. However, many people want a fresh start now and they don’t want to wait until their lender forecloses in order to start cleaning up their credit and moving forward with their life.

Sell Fast Realty has worked with many bankruptcy attorneys that recommend to their clients to sell the house first on a short sale then, if needed, file bankruptcy.  Some sellers are only behind on their house payments and the rest of their bills are current.  I do recommend that you attempt a short sale prior to filing bankruptcy.  We do have referrals for bankruptcy attorneys.

Can I Short Sale the house after a Bankruptcy?

Yes you can!  The most important part of selling your house after a bankruptcy is to make sure you have the right real estate agent and negotiator working on your behalf.  When Sell Fast Realty does a short sale in which the seller had included their house in the bankruptcy, we obtain a full satisfaction of the loan, which means NO deficiency.  Our #1 Focus is YOU!  You will still need to provide financial information even though the lender can’t come after you for the debt.  HOWEVER, if you use the wrong real estate agent that is not familiar with the short sale process and you only receive a lien release, the mortgage note becomes valid again which means you have reaffirmed on that debt and you are now liable.   

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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Short Sale versus Foreclosure – Seller sells Kissimmee Florida Home

Monday, October 17th, 2011 at 7:44 pm  
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Short Sale versus Foreclosure.  Seller sells Kissimmee Florida Home after leaving the home vacant with the help of Sell Fast Realty listing and negotiating the short sale.

Ken had been trying to sell his home prior to listing with Evelyn Good at Sell Fast Realty for sometime on his own. He went to www.SellFastRealty.com and clicked on Sell My House Florida.  It was easy for Sell Fast Realty to obtain a buyer on this property within 2 weeks.  However, the house had been vacate for sometime so once we received the short sale approval on the property, the buyer needed to have an inspection.

Our contracts that are signed by the Sellers and Buyers always have the following language to protect our Sellers 1)This offer is subject to the Mortgage Companies taking a discount acceptable to the Sellers and waiving the deficiency judgment and 2)Buyer will be responsible to turn on the utilities for inspection.

The Buyer went to have the water turned on and found out that there was a water usage bill do in the amount of $42.00 which the Seller agreed to pay.  The Buyer had their inspection on the property and found several things wrong with the property.  Since the Buyer was obtaining FHA financing, the Buyer was required to make the repairs pursuant to the verbage that I included on the contract.

After all the repairs where made we were getting ready to go to closing then BAM! – 3 other liens showed up on title.  Two liens were for mowing the grass($550.00) and the other lien was a Target Visa Judgment that was against the Seller in the amount of $4,200.  I contacted the Mortgage Company’s Mitigator(Negotiator) and was informed that the Mortgage Company would not pay for the liens.  I didn’t take no for an answer. (Go www.SellFastRealty.com and click on Using a Realtor to Sell a House Fast Tab)

The Buyer was upset that they spent money on a house and now there were 3 more liens that needed to get cleared up prior to closing.  The Mortgage Broker and the other realtor was willing to contribute money towards the liens to sell the property but I didn’t want them to do that when I knew I could get the the Mortgage Company to pay these liens in order to sell the property.

First, I needed to call the Attorney for the Target Visa Judgment and negotiate a settlement.  The loan had been transferred to another attorney who said “the entire amount needs to be paid off”.  I laughed and said I wish they could but you see, the first mortgage is taking a discount, the second mortgage is taking $3,000 and the first Mortgage Company will not allow you to get paid 100% on this Judgment.  I informed them that this was a HAFA program and the most they could get was 6% which equals $252.00.  The Attorney said “NO”.  I then called Target Visa department and got a hold of their legal department who gave me a supervisor.  The supervisor and I did a conference call to the Senior Attorney handling the collection of the Visa Judgment and he agreed to accept the $252.00.  I told him about the conversation I had with the other attorney in his firm and he said because I knew someone at Target Visa was the only reason that I got this approved.  In other words, because I knew what I am doing I got my short sale approved.

The Seller and the Buyer closed with the Realtors and the Mortgage Broker receiving full payment for services rendered.  We have in-house negotiation which allows our Sellers to relax and let us do all the short sale negotiating for them without having all the worries.

I teach short sale negotiating and I have a 9 CD series available at www.ShortSaleNegotiating.com with examples of how to get your deals done.  I have saved Sellers over 37 Million Dollars and counting.

Below is the Video of the Seller – Ken who was excited to say good-bye to his home before the 2012 Deadline of not having pay taxes on the short fall amount.

www.youtube.com/watch?v=w8S76QJ0zr8

Let’s all work together as a team and help Sellers, Buyers, Realtors and Mortgage Brokers when it comes to selling and buying houses.  We all need to help sellers conduct a short sale versus foreclosure.

Saving Sellers $37 Million and Counting!!!

Kimberlee Frank

www.SellFastRealty.com

www.ShortSaleNegotiating.com

(407) 888-3433

 

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Faith Feeding the Community – The Masters Touch International Church

Sunday, September 25th, 2011 at 5:10 pm  
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THE MASTERS TOUCH INTERNATIONAL CHURCH IS FEEDING OUR COMMUNITIES

 

Hi,

 

I need to share my personal experience attending the Masters Touch International Church, 555 Markham Woods,  Longwood, Florida.  I know you all thought I was going to talk real estate today but I need to share how FAITH keeps this world going and how www.TMTIC.com is a big part of my life and the Orlando Community taking care of thousands of people.

 

They have so many outreach programs helping the communities in addition to handing out thousands of loaves of bread not only to their members but to local organizations.

 

If you attended my training you know that I have Joel Osteen as a book I recommend that you read to help you go to the next level …. Well I can tell you Bishop Mark Chironna has inspired me to a new level.  You can watch him on the internet or attend church with me on Tuesday nights at 7:00 p.m. and Sundays at 9 and 11 a.m.   Join me and sit with me if you would like!

 

NO ONE likes to talk about religion as they believe it will offend someone.  Well I am not that person so if I have offended you by my email .. please get over it as I need to share.  Everyone has FAITH of some sort.  Many people call it their gut feeling.  I call it God.

 

I was raised in a quiet bapist church in Michigan.  When I came to Florida I attended several churchs, Oviedo Bapist, Carillon Methodist and a Presbyterian Church all in Oviedo.  One Church members came into my own home and offended my 82 year old mother over her faith. I was so upset. I never found the right church home.  When I first walked into The Masters Touch in Longwood after listening to Bishop Mark Chironna I was overwhelmed.  I have never cried in church before in my life, I started crying and had goose bumps.  I had never felt the holy spirit as strong as I did in this Church.  I have never been so alive.  I believe it was because of the word of the Bishop.

 

I helped Frank McKinney build 5 houses in Haiti and I always asked why doesn’t he do something locally.  He told me that the cost was so high here.  The Masters Touch International Church helps people locally and needs your help to continue to do so.

 

You all know that I pride myself at Selling Houses Fast using all the techniques that I teach in my system.  Last weekend on Saturday and Sunday I had an Open House/Auction in Lakeland and found a cash buyer that will close on September 30 and I get paid thousands of dollars too!  I hated to missed church but I needed to sell this house for my ex-sister-in-law.  I always pray before I do anything and guess what?  I got an answer.  I sold the house in 3 days.  Yes, I do believe I sold it with the help of my system but also with God’s help.

 

I had attended many churches and really didn’t understand the importance of tithing 10% of my income.  When I started to attend The Masters Touch for the first time ever, I started reading the bible every night.  I learned in the bible about the importance of tithing not because God say’s that he will return it to you 100 fold but because the church helps so many people and I realized that without my contribution they could not continue.

 

I truly believe that the American people are under attack from the devil.  That’s right you heard me – the devil.  I have met so many people who are going through hard times by loosing their homes, their families, their jobs and most of all their FAITH.  I am telling you to stay strong with your FAITH and don’t stop tithing at least 10% of what you have as it will be returned to you.

 

If you need a Church to belong to, the Masters Touch Church is it, if you need to donate to a worthly cause, the Masters Touch Church is it, no matter what you have – clothes, furniture, money or a church home.  I am asking you to take a stand today for The Masters Touch Church and take action today by going to www.TMTIC.com and donate.  I am also asking that you watch the web broadcast so you can listen to the Bishop and receive the word that you need weekly.

 

Here is a link from Youtube.com http://www.youtube.com/watch?v=8qXHJ6rjHP4

 

 

I want to thank you for taking the time today to help change the lives of so many people in Orlando by donating to The Masters Touch Church.  May God bless you and your family 100 fold!

 

God Bless You,

 

Kimberlee Frank

www.SellFastRealty.com

 

P.S.  If you need my assistance on anything, I am giving you 15 minutes to call me about any type of deal or problem that you have FREE of charge so that I too many bless you during your time of need.  Call the office at 407-888-3433 and schedule a time.

 

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