coral springs short sale realtor: Closed on another South Florida Short Sale - Seller escapes deficiency - 01/25/13 07:59 AM
Closed on another South Florida Short Sale - Seller escapes deficiency When selling your home as a South Florida Short Sale, a homeowner’s biggest concern is likely what about the balance of their mortgage; that balance left over after the Buyer’s purchase takes care of a huge chunk of the mortgage. That left over balance known as the deficiency balance is what every Short Sale Realtor’s goal should be to get the homeowner relieved of having to pay it  back.
I’m happy for my most recent South Florida Short Sale closing where my Seller was relieved of having to pay the deficiency … (5 comments)

coral springs short sale realtor: A Watched Pot never boils or does it? - 12/06/12 06:15 AM
A Watched Pot never boils or does it?If you’re constantly eyeing a pot of water hoping it boils, it seems to take forever to boil, doesn’t it? Does the same hold true for a Short Sale?When you’re trying to get a home approved and sold as a Short Sale, each day we always seem to be waiting for the email to come or the phone to ring; anything announcing a new update, in hopes of that written Short Sale approval letter. So does this popular saying hold true with Short Sales too? Well no, not really. You just need to know … (4 comments)

coral springs short sale realtor: When can we stop selling homes as a Short Sale? - 12/01/12 03:13 AM
When can we stop selling homes as a Short Sale? Another day today, receiving another call from another distessed Seller. Back in 2008, I actively enlisted myself to help the distressed Seller and continue to do so today. Helping a distressed Seller is very rewarding. At the time, it seemed that only a handfull of Realtors were learning all that they could and working hard at saving homeowners from Foreclosure whereas, the majority of Realtors couldn’t stay far enough away from them. Fast forward to today, December 2012, most Realtors now will list a distressed Sellers’ home for sale due to … (5 comments)

coral springs short sale realtor: Sell home as Short Sale - Why? - 08/12/12 08:19 AM
Sell home as Short Sale - Why?
Are you struggling making your monthly mortgage payments? Do you feel that any emergency in your family will exhaust any savings that you've been using to pay your bills? Is your job not secure? Has your household's income been reduced? Have you lost your job? Are you going through a Divorce? Has a medical illness piled on a mountain of debt? Do you want to move to accept an out of town job? These are common reasons for many South Florida homeowners contemplating selling their home as a Short Sale.
You've likely been struggling … (0 comments)

coral springs short sale realtor: I'm traveling a Slow Boat to China and my will is waning - 08/07/12 08:17 AM
I'm traveling a Slow Boat to China and my will is waning.
When you're a South Florida Short Sale Realtor, you can only exist with the attitude present of "When there's a will, there's a way" -  but really, really?
Representing a Coral Springs Short Sale Seller you must believe that "when there's a will, there's a way", as you will be told "No" more times than a young mother tells their toddler "No'. However, I've reached a point on a Freddie Mac Short Sale where my will keeps hitting a brick wall making my way very difficult to accomplish. I'm negotiating a Coral … (4 comments)

coral springs short sale realtor: I want to sell my house....No, I NEED to sell my house! - 08/06/12 11:47 AM
I want to sell my house....No, I NEED to sell my house!
Many homeowners are wondering whether or not they can afford to sell their home? They're trying to think of a way to sell their home when they owe more than what it is worth plus how could they list it with a Real Estate Agent and afford the commission? Another more important question might be - "How can they afford not to sell their house?" Many homeowners continue to be faced with financial difficulties in their households just as I reported back in 2008 and homes across South Florida have … (5 comments)

coral springs short sale realtor: Can you smell the Roses after a Foreclosure? - 07/27/12 07:00 AM
Can you smell the Roses after a Foreclosure?
Far too often, homeowners think that they prefer a Foreclosure over a Short Sale when they are faced with financial troubles at home. Unfortunately, a homeowners troubles do not go away after foreclosure as so many mistakenly assume; everything won't be coming up roses. Let me explain.
With a Short Sale, it's always the goal for any Seller to be relieved of any responsibility in having to pay back any of the left over balance or deficiency balance. We will always strive for this to be clearly written in a Distressed Seller's written … (6 comments)

coral springs short sale realtor: The Short Sale Training Wheels are off so why are you still falling? - 07/15/12 06:54 AM
The Short Sale Training Wheels are off so why are you still falling?
So it's been 4-5 years of heavy South Florida Short Sale activity and that's a long time to be able to try and figure out a system for getting Short Sales through the levels of our Lenders don't you think? I've been one of those Real Estate Agents who chose to help the distressed Seller early on in the Short Sale cycle so I've seen it all yet my most recent Short Sale that I'm handling leaves me wondering if Lenders will ever learn how to process a Short Sale. … (4 comments)

coral springs short sale realtor: What's more important, your neighbors or Short Selling your home? - 06/13/12 02:16 PM

 
What's more important, your neighbors or Short Selling your home? 
Get comfortable and stop worrying about what your neighbors think!
Many people who are facing a foreclosure are so concerned with what the neighbors will think that they think it's just better to ignore their troubles and walk away as they don't want to have to deal with trying to avoid foreclosure and they certainly don't want to have to deal with what the neighbors will think if they put their home up for sale as a Short Sale; we can't let the neighbors know that we're struggling and have … (9 comments)

coral springs short sale realtor: Short Sales are more damaging than foreclosures? Says who?! - 06/05/12 06:27 AM
Short Sales are more damaging than foreclosures? Says who?!
I recently read a commentary from a Real Estate professional who's take on Short Sales differs vastly from mine where he thinks Short Sales are more damaging then Foreclosures are to our local Real Estate Markets. I will also point out that I have closed on substantially more Short Sales just so you know my level of experience.  So what was discussed about Short Sales?
Most of the complaints that were issued by this commentator/Real Estate professional about selling your home as a Short Sale and their effects on local markets were that his … (5 comments)

coral springs short sale realtor: What can a Seller expect when Selling home as a Short Sale? - 06/01/12 10:36 AM
What can a Seller expect when Selling home as a Short Sale?
Selling a home as a Short Sale can allow a homeowner to escape Foreclosure and to get on with their life in hopes of rebuilding their life and their credit.
1.  Having a financial hardship tends to be the best way in which to gain Short Sale approval from your Lender yet it is not the only way. Without a hardship a financial contribution from the Seller should be anticipated. With a hardship, the sellers hardship will need to be backed up by documentation of hardship plus financial statements provided … (2 comments)

coral springs short sale realtor: How can I avoid Foreclosure in South Florida? - 05/31/12 09:06 AM
How can I avoid Foreclosure in South Florida? This is a common question when you're a distressed Seller trying to avoid foreclosure. You know you have to do something about your home that's facing foreclosure but where do you start?
First and foremost, you need to contact a Realtor who has been specializing as a South Florida Short Sale Specialist over the last several years; one who consults homeowners in avoiding foreclosure through a short sale. You want to make sure that your Realtor has received the proper training and is knowledgeable in the negotiations of short sales. Many Realtors haven't received the … (2 comments)

coral springs short sale realtor: Will you be the lucky one with Bank of America's Short Sale Incentive? - 05/20/12 08:36 AM

 
 
Will you be the lucky one with Bank of America's Short Sale Incentives?
Bank of America had initiated the Florida Enhanced Short Sale Relocation Program offering the same cash incentives to it's Sellers from roughly $3000 to $25,000. WOW! Who wouldn't love to receive such an incentive to move from your home as a Distressed Seller just to sell your home as a Short Sale? You can imagine the line of people.
I had several South Florida homeowners who were anxious to cash in as we had been provided with an exact dollar amount that they would receive … (2 comments)

coral springs short sale realtor: A South Florida Short Sale Realtor - Consult with one now and don't just walk away - 05/18/12 06:43 AM
A South Florida Short Sale Realtor - Consult with one now and don't just walk away
I posted a similar post originally back in 2007 and 5 years later as we continue to struggle economically, distressed Sellers continue to consider their options on whether to short sell their homes.
Check the FACTS concerning what to do when you think you can't afford your home and the mortgage payments. Too many spew incorrect information that can adversely affect a distressed Seller. Make sure you're getting your answers from a knowledgeable and skilled Agent. Lenders and Banks do not want to own your … (0 comments)

coral springs short sale realtor: What's it like to sell your home as a Short Sale? - 04/28/12 02:50 AM
What's it like to sell your home as a Short Sale?
Have you been thinking about selling your home as a Short Sale? Do you want to know what's it like to get to your end goal of Short Sale Approval and closing on your Short Sale?
As a South Florida Short Sale Specialist who has been representing distressed Sellers for many years now, each Short Sale Closing will likely be bittersweet as I just closed on another South Florida Short Sale. Most homeowners do not want to sell their home as a Short Sale and it likely took them quite some … (0 comments)

coral springs short sale realtor: "I think I picked the wrong Realtor" - 04/24/12 06:48 AM
"I think I picked the wrong Realtor"
Disheartening words coming from a shaken distressed homeowner trying to short sell their South Florida home.
I was contacted by a Short Sale Seller who had been trying to avoid foreclosure when they had hired a Realtor to help them to short sell their home here in South Florida. They had found me online, too late & after the fact of hiring their current Realtor. They wanted to know how to stop their foreclosure auction sale date. I asked, who is representing you with your Short Sale? (Apparently there was a Short Sale … (2 comments)

coral springs short sale realtor: Coral Springs Home Sales Market Report for March 2012 - what's selling in your neighborhood? - 04/20/12 08:40 AM
Coral Springs Home Sales Market Report for March 2012 - what's selling in your neighborhood?

Coral Springs single family home sales Increased this month by over 66% to 89 homes sold - WOW - we love seeing a bustling homes sales market when you're trying to sell your home.
Of these Coral Springs homes listed for sale below, Sellers who completed a short sale were at almost 25% which is below last months Short Sales of 32%. We did see a large drop of REO/Bank owned sales down to less than 12% which is a large decrease from last month's … (0 comments)

coral springs short sale realtor: Plop Plop Fizz Fizz oh, what a Relief it is - 04/17/12 06:37 AM

 
Plop Plop Fizz Fizz oh, what a Relief it is
This popular phrase was coined by Alka Seltzer for the relief of indigestion. Indigestion defined as, " Inability to digest or difficulty in digesting something, especially food"
When selling your home one could say that it is possible to suffer from Indigestion; that "...difficulty in digesting something..." That "something" can certainly be something that the Distressed Seller goes through.
Could a Short Sale be coined the Alka Seltzer of Real Estate? I think it could.  I've been representing Distressed Sellers for many years now as a South Florida Short Sale … (3 comments)

coral springs short sale realtor: Think you can go on Listing presentations while your Assistant negotiates your BofA Short Sales? - 04/02/12 09:18 AM
Think you can go on Listing presentations while your Assistant negotiates your BofA Short Sales?
Is your Assistant a licensed Real Estate Agent?
How about going on Listing presentations while the processor at the Title Company negotiates with Bank of America for your Seller's Short Sale?
Is the Title Company processor also a licensed Real Estate Agent?
Effective April 14, 2012, only licensed Real Estate Agents and not their assistants can negotiate with BofA for any Short Sale.
This won't affect me as I negotiate my own Short Sales however I know a lot of Agents who hand off this process to non-licensed individuals. Yet, I … (3 comments)

coral springs short sale realtor: You should have taken better care of me! I trusted you. - 04/02/12 07:31 AM
You should have taken better care of me! I trusted you. You told me you were a professional. After all, you took on my home to sell it as a Short Sale. I thought you knew how to sell Short Sales? How did you let this happen to me?!
Oh boy, the questions all making reference to just "How could you let this happen?!"
These are likely questions made by the South Florida homeowner who has been trying to sell their home as a Short Sale since 2010.
There was no method to the pricing strategy or should I say lack … (6 comments)

 
Lynn Pineda, Real Estate Promises delivered in SE Florida (eXp Realty)

Lynn Pineda

Real Estate Promises delivered in SE Florida

Boca Raton, FL

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eXp Realty

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