Archive for 'expert'

Tony was so excited on Friday, September 2, when Sell Fast Realty sold his house without being responsible for large difference owed to Citimortgage on his home loan.  He started off last year using an in experienced Realtor to sell his house on a short sale.  After months and months working with that Real Estate Agent, he was referred to Kimberlee Frank at Sell Fast Realty.  I have done over 500 short sales and teaches realtors how to do short sales.   After receiving the file we had found out that the listing agent didn’t even meet the appraiser from the bank which ended up with a very high value on the property.  We couldn’t sell the property until we provided proof to the bank that the value they had was INCORRECT.

After a couple of months of working with Sell Fast Realty, we finally got the bank to agree to the purchase price of $130,000 allowing the Seller to sell the property.  There were two mortgages on the property and the Seller received a no deficiency judgment which is a full satisfaction of the loan.  The first realtor made a major mistake by not meeting with the realtor/appraisal from the bank.  The value of the property came back too high.  The buyer who had been waiting now for several months was able to purchase the property and close using our services.

How does a Buyer buy a short sale house?

Make sure that the listing agent is experienced in the short sale field.  Ask them if they have every done any short sales before?  Ask them if they negotiate their own short sales or they have someone else handle it.

Both Sellers and Buyers were happy that they used Sell Fast Realty and highly recommends us to anyone interested in selling on a short sale or buying a florida property.  You can see their testimonials at www.SellFastRealty.com/testimonials

Look forward to sharing more information me you all in the future.

Kimberlee Frank

www.SellFastRealty.com

407-888-3433

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Short sale expert floridaMany home owners truly believe they already know exactly what a short sale is based on information provided to them from a friend, newspaper or even your lender.  However, I find that they know part of what a short sale is but are still missing all the facts.

A short sale is where the lender is willing to take less than what is owed on the property leaving a short fall for the balance owed on the property.

Example:  If you owe $150,000 on a house that is worth $90,000 our team of short sale experts will negotiate that debt down for you to possibly $90,0000 allowing you to sell the property for market value.    The reason why I say possibly because it’s up to your lender  if they will accept that amount.  The $90,000 is called a short sale, the lender is technically accepting a shorter pay rather than the full amount owed.   The $60,000 difference is the amount of a possible deficiency judgment.

A short sale allows you a fresh start after the house is sold. Having the right Realtor like Sell Fast Realty who are are short sale experts fighting on your behalf to waive the deficiency judgment amount of $60,000 as stated in the example above allows you to not having to worry for the next 25 years looking over your shoulder to see if the banks or bank is coming after you depending if you have one or two loans.

To know more information as to your options on short sale versus foreclosure go to www.SellFastRealty.com and listen to your all your options.

Kimberlee Frank – Short Sale Expert

Licensed Real Estate Broker of Sell Fast Realty

www.SellFastRealty.com – 407-888-3433

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