RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.
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President Obama’s Home Affordable Refinance Program - HARP The Federal Housing Finance Agency announced big changes to its Home Affordable Refinance Program on October 24th, 2011. If you’re under water on your mortgage, you may be eligible to refinance your current mortgage with a new low interes...
“I won’t qualify for a short sale.” This is one of the biggest myths out there, and it’s one that I hear from people all the time. They think that they won’t qualify for a short sale because they have high income and excellent credit. The fact is, all homeowners have the right to ask for mortga...
According to an article by Businessweek last week, “there has been a ‘dramatic shift’ in banks’ willingness to sell a property for less than the mortgage balance”. The Businessweek article also cites data from RealtyTrac Inc, which shows that short sales are generally a 20% discount compared to ...
When helping people complete a short sale, I'm exposed to each person's personal life to understand the hardship one may have endured to be forced to sell their home. Some people choose to short sell because it's a smart move financially, but some are forced to sell because of hard times. Durin...
I'm writing this blog for two reasons: First, I want to brag about just how good my team is at processing short sales. Second, I want to stress that the big law firms and real estate brokerages (the ones with all the TV commercials and billboards) are not always better. A Winter Park family was...
Short Sale Success Story:Save your credit, short sale your property, and get paid to do it! Many people feel trapped by their home because they know the value has dropped below the mortgage amount, but they don't want to miss a payment for fear of credit damage. Most homeowners feel that since t...