south florida short sale realtor: 10 Reasons to celebrate a Short Sale - 10/05/13 09:05 AM
10 Reasons to celebrate a Short Sale  
10 Reasons to celebrate a Short Sale. Yes, you heard me, “Celebrate”!
You’ve acknowledged that you must sell your home to avoid foreclosure; denial ends and relief begins.
You’ve hired a well qualified Real Estate Agent to sell your home as a Short Sale; you’ve got an advocate on your side.
A well qualified Buyer presents an offer to purchase your Short Sale home; the constant Buyer showings that have been interrupting your life stops.
Daily home cleaning stops; no longer needed now that Buyers aren’t coming in for showings every … (2 comments)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida 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)

south florida short sale realtor: Tips for making it easier when you have to say "Goodbye" - 04/16/12 08:20 AM
Tips for making it easier when you have to say "Goodbye"
Selling your home is not always easy. Whether you're a distressed Seller or not, many really have a hard time saying goodbye to their homes. Here in South Florida when you're considering selling your home, there's a awful lot that goes on in your mind.
The thought for this post came from lovely Sellers I'm representing here in South Florida who want to sell their home and have hired me to get their home sold and I've seen after meeting with them that it's not easy for them and it's not because they're a distressed Seller.
(0 comments)

south florida short sale realtor: Short Sale for Sellers - Chapter 1 Again - 03/30/12 03:00 PM

Back in 2008 I posted this and I thought I'd bring it back to life as it has some good basics for distressed Sellers when they want to Short Sell their homes.
So you've been hearing about Short Sales as a possible way to avoid foreclosure. But you're asking what is it and how do you qualify? Good questions.
First let's look at "What is a Short Sale?" You may have heard this before but lets not assume that everybody looking in here knows the answer. We'll get into more detail shortly.
 
 
 
A Short Sale  is when … (3 comments)

south florida short sale realtor: Can that really ruin a Short Sale? - 03/22/12 07:02 AM
Can that really ruin a Short Sale?
I was reading an article in our local newspaper this past weekend and it's author had made some good points about what ruins a Short Sale. However, the points made should never happen. Some of the points touched on were:
That the Buyer should do research to make sure the Sellers are cooperating with Short Sale. My Solution to that would be that I know before I list a home for sale as a Short Sale that the Sellers are cooperating and are well qualified in order to gain likely Short Sale Approval. If I'm … (3 comments)

south florida short sale realtor: Ahh...She said - 03/16/12 11:40 AM
Ahh...She said. Yes, it's true, as I experienced another "Ahh" moment when I successfully closed on another South Florida Short Sale and on a Friday.
It was a Bank of America Short Sale.
We received a contract within 2 weeks on the market. (Must have been priced right) The home had no great features, far from it, other than being located close to a popular downtown cafe & shop area, just 2 blocks away.
Contract was submitted to Lender, Bank of America, for HAFA Short Sale approval and within 60 days we received HAFA approval with no counter offer as Lender fully … (6 comments)

south florida short sale realtor: Looking Back...Why Short Sales? - 03/05/12 09:02 AM
Looking Back . . . Why Short Sales?
Getting ready to close on another Approved South Florida Short Sale, I've been looking back over the past years recalling on the many Short Sale moments that I've experienced as a South Florida Short Sale Realtor. Thinking....why did I decide to help the distressed homeowner, why did I go against everybody's advice to avoid specializing in Short Sales and why do I continue to represent Sellers as a Short Sale Realtor?
The decision was pretty easy when I made the decision to specialize in Short Sales many years back. I saw the pain … (6 comments)

south florida short sale realtor: Take a Mulligan and sell your home as a Short Sale - 01/12/12 11:46 AM
Take a Mulligan and sell your home as a Short Sale. 
Mulligans are famous on many South Florida golf courses when you miss a shot you'll then be given another shot when your first shot comes up short and your first shot won't be counted and they won't worry about it too much; a Mulligan. In golf, your second shot comes up with the next swing or putt. With a Short Sale, you'll get your second shot [or Mulligan] at home ownership perhaps earlier than you thought; dependent upon your financial situation when you sold your home as a Short Sale. Even if your financial situation has been simply trying to … (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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