Act now and avoid foreclosure.

Times are really tough.    Unemployment rates have reached double digits.    More and more families are

struggling to make ends meet.    Many of you in Coral Springs and surrounding Broward County cities

need to sell your homes but you owe more than what your home is worth.    What do you do?

• If you have sufficient income your Lender may qualify you to have your loan modified. Whereas, some of you may not qualify for a loan modification. If you don't qualify for a loan modification, you can consider selling your home as a Short Sale.

Where do you begin in considering a Short Sale? Who can help you? What's involved in a Short Sale? 

       (a simplified summary follows)

First, you will need to list your home for sale with a Realtor. You will want a Realtor who specializes in Short Sales, like I do. I found a need quite some time ago when many individuals and families were struggling to make ends meet and were facing the devastating possibility of losing their home to foreclosure. I chose to play an active part in helping homeowners avoid foreclosure.  I have a very high success rate in gaining Short Sale approval from homeowners Lenders.(Read some of my prior posts here)

Second, your Realtor will find a Buyer for your home.

Third, a complete Short Sale package will be submitted to your Lender to include financials and a hardship letter gathered from you by your Realtor, the Buyer's offer and a market analysis.

Fourth, your Lender will review the Short Sale package submitted

Fifth, an appraisal value (called a BPO; Brokers Price Opinion) will be completed and placed on your home and compared against the Buyers offer.

Sixth, a final review of all will determine an approval or decline of the Short Sale offer. Counter offers may be involved in which case I, as your Realtor, will go back to the Buyer's Realtor to get them to agree to counter offer.

Seventh, once all parties agree to the sale and closing occurs. Closing typically takes place within 30 days.

Eighth, you now move on to better days ahead and know that the possibility exists that within two years you could be in a position to buy again through FHA financing guidelines if you remain in a favorable position going forward with your credit.

 Ninth, remember don't lose hope with your situation, act now.

Tenth, Call me as I'm here to help you avoid foreclosure and to help you sell your home as a Short Sale.