Many 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
Kimberlee Frank Broker Short Sale Expert
Kimberlee Frank is known as “The Real Estate Junkie,” for her unique ability to find ways to creatively help buyers and sellers no matter which direction the real estate market is heading. Kimberlee had already worked as a legal administrator for an Attorney, Builder and Broker for 18 years when she began her Real Estate career in 1998. She dotted the i’s and crossed the t’s on hundreds of real estate transactions and thousands of documents, making her an expert in real estate documentation. Kimberlee’s success began in Fenton, Michigan. She specialized in selling, purchasing, renovating, retailing and lease optioning single-family homes. She has helped many sellers get rid of their “headaches” and helped many buyers find their dream homes!
Since 2003, she has specialized in foreclosures and short sales. After realizing how many families were being forced out of their homes due to financial difficulties, Kimberlee had a heartfelt obligation to use her experience to help those families. She has mitigated and closed over 500 short sales with the mortgage companies, saving Sellers from going into foreclosure. In 2006, Kimberlee and her family moved to Florida. She lives in Oviedo and her Sell Fast Realty Office is in Winter Springs, serving residential and commercial sellers and buyers in multiple counties in Central and Southern Florida.
Kimberlee is also a Trainer and Mentor and has created several different “How To” systems on real estate. Her unique strategies continue to educate real estate professionals across the country. If you have a proven system to help others out of hardship, why wouldn’t you duplicate it and share it with as many people as you can? Kimberlee continues to work with this philosophy!
Kimberlee Frank has been featured on ABC, NBC, FOX, CBS as well as Wall Street Journal, Newsweek, USA Today and numerous other publications. She is the bestselling author of “Big Ideas for Your Business” (Advantage Media 2009). She was also selected as the #1 Short Sale Expert by America’s Premiers Experts.
Please contact Kimberlee at her office at 407-888-3433 to schedule a Free Facts About Foreclosure Seminar. She has numerous testimonials from sellers, buyers and other real estate professionals who are familiar with her giving heart. Whether it is 1 person in need or 1,000…..Kimberlee will educate them on real estate and give them a solution with a peace of mind!
Are you unsure what to do with your house? Do you need to educate yourself about your options. Click the following link Free Facts About Foreclosure for more information.
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
Filed under: Florida Short Sales
Like this post? Subscribe to my RSS feed and get loads more!