New Sarasota Short Sale Articles

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Real Estate Agent with Allison James Estates & Homes, Sarasota 941-957-3737

We wrrite article about the Sarasota short sale real estate, equity real estate, and foreclosure real estate market.  If you or someone you know is facing an upside down mortgage, we may be able to help.  Here are some of our latest articles.

 

Short Sale Tax Consequences

With the Mortgage Forgiveness Debt Relief Act of 2007 scheduled to expire the end of 2012, many Sarasota property owners are asking me what happens if they do not complete the short sale on their property by the end of this year and what could be their tax consequences.

How long does it take to get a Short Sale Approval?

This is a question I am consistently asked as a Short Sale Realtor® in Sarasota, Florida. The answer to this question depends on two key factors. The first factor being; who is the mortgagor’s lender? The second factor being; what is the experience level of the Short Sale Realtor® that is representing the seller?

Consider A Short Sale Before Bankruptcy

Recently we obtained a conditional, Short Sale Approval on one of our listings, where the seller’s lender expected the seller to sign a promissory note for the full amount of the deficiency, in order to complete the Short Sale.  We tried to negotiate with the lender and the lender would not negotiate.   Given the amount of the potential liability, the homeowner concluded that bankruptcy was his only option and he contacted an attorney.

 

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For more information on Short Sales in Sarasota and Foreclosures in Sarasota, please CONTACT USWe have over 25 years experience in real estate, and have been highly successful in negotiating short sales in Sarasota County & Manatee County, Florida.

Troy Funk, CDPE, SFR
Sarasota Certified Distressed Property Expert
Sarasota Short Sales & Foreclosures Resource
Florida Licensed Real Estate Agent

Allison James Estates & Homes
665 S. Orange Ave. #2
Sarasota, FL 34236
(941) 365-8769
Troy@FunkFL.com

SarasotaShortSaleNEWS.com

WATCH this Sarasota Short Sale Testimonial Video

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Rainmaker
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Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Some good information on Short Sales. Thanks for sharing on Active Rain.

Nov 11, 2012 11:09 PM #1
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Troy Funk

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