Archive
Monthly Archives: January 2019
January 31, 2019
- in Short Sales by Minna Reid
A guide to understanding deficiency judgments in Florida and how to avoid one.
Did you know that if your Florida home forecloses, the lender can be granted a deficiency judgement and pursue you for their losses?What is a Florida deficiency judgement?If you owed $400,000 on your Florida mortgage, and it foreclosed and sold for $350,000…the missing $50,000 would be the deficiency. Florida laws allow the lender a year […]
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January 23, 2019
- in Short Sales by Minna Reid
Should I modify my mortgage?
A lot of my short sale clients have either considered a mortgage modification or been turned down for one by the time they have made the decision to move forward with a short sale.WHAT IS A LOAN MODIFICATION?In a mortgage modification the lender makes permanent changes to the terms of your home loan resulting in […]
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January 10, 2019
- in Short Sales by Minna Reid
Why your Florida short sale didn’t close and how to get back on track!
Did you know that less than half of all listed short sales actually end up successfully closing? As most Florida short sellers are highly motivated to sell, it is unlikely so many of these sellers simply change their mind, yet over half of all short sales fail to sell at all and simply expire, or fail […]
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January 8, 2019
- in Short Sales by Minna Reid
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Who pays Realtor fees in a short sale?
Closing costs in short sales: How can upside down sellers afford a Realtor if there’s no money in the home to pay for one?Find out how to sell your over mortgaged Florida home in a short sale without paying a penny out of pocket in Realtor commissions or other closing costs… Realtor commissions in short salesIn […]
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January 7, 2019
- in Short Sales by Minna Reid
6 WAYS TO STOP YOUR FLORIDA FORECLOSURE TODAY!
Facing a looming foreclosure can be a terrifying prospect, but you have options! Knowing your options and taking action quickly is the key to stopping your Florida foreclosure. In the past decade, we have hundreds of our clients avoid foreclosure. For a free consultation contact us anytime, and read on for a summary of all your options when […]
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January 7, 2019
- in Short Sales by Minna Reid
How long will my Florida short sale take to close?
How long will the short sale process take? While all short sales are different, there are some general timelines I give folks when asked. I have had short sales approved in days, years and everything in between, but most Florida short sales will generally last 4-5 months and will usually fall into these some general time frames:SHORT […]
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