Homesearch Floride Realty Home page

SHORT SALES and/or FORECLOSURE

Short Sale Definition: A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. In real estate, a short sale happens when a house needs to be sold for less than the home loan value. A short sale effects a persons credit, but is an alternative to bankruptcy and foreclosure. A Short Sale Package Consists of Crucial Documents. It’s extremely important to have the help of a real estate professional who has earned the SFR (Short Sale, Foreclosure Resource) designation for these kinds of transactions.

If you are thinking about selling your home in short sale, contact Homesearch SFR agents, we are working closely with short sale expert lawyers. They facilitate and customize the process, as each sales is different and require knowledge, negotiators skills and expertise.

Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your agent to call the listing agent to find out if the home is a short sale. Because you might want to think twice about making an offer on a pre-foreclosure, short sale home. It's not as simple as you may believe, and very few can close in 30 days or less.
Buyers contact Homesearch Agents for a up to date list of short sales.

Foreclosure definition: The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt. If auction offer are lower than what the bank is ready to accept, the bank will keep the property and list it on the market with a real estate agent. we are speaking about REO Real Estate Owned
Asked for REO list of property to our Homesearch Agents, some good deals are currently presented on the market

Serving the Englewood, Rotonda West, Port Charlotte, North Port, Venice, Ospray, Nokomis and Sarasota, Florida Real Estate Market