Orlando Short Sale Specialist

The short sale process can be a very effective way of getting out of trouble in a house that was purchased at the top of the market or with a mortgage that has re-adjusted after a teaser rate.

What is a Short Sale?

A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor (seller). A short sale is executed to prevent foreclosure.

What are the benefits of a Short Sale?

The bank or mortgage lender will agree to accept a lower amount then what you owe them.  They will forgive you for the difference between the principle balance on the mortgage and the value of the property without doing too much damage to your credit.

Can any Realtor do a Short Sale?

The short answer is yes, however I would always suggest getting a Realtor who has experience in Short Sales and who is trained in this field. Don’t take any chance with someone who is not experienced, the difference in hiring a trained professional is the opportunity to purchase a home in the future.

How long does the Short Sale process take?

There is no straight forward answer to this as each bank and situation is different, but generally it can take somewhere between 45-90 days to complete.

Does every house qualify for a Short Sale?

No. You would have to obtain advice from a trained Realtor to determine if your situation is right for a Short Sale.

I have missed a couple of payments on my mortgage can I still do a Short Sale?

Yes in most cases, timing is everything in a short sale, but again you would have to speak to a trained Realtor.