Florida Short Sales

A short sale is the process by which a home is sold for less than is owed on the mortgage balance.

Sit back and let us handle all the details! As Florida's premier short sale specialists, we handle it all! We list your home, negotiate the short sale with your lender, and get you to close swiftly and smoothly! 

STOP FORECLOSURE, SELL YOUR HOME AND HAVE YOUR MORTGAGE DEBT FORGIVEN WITH A FLORIDA SHORT SALE! 

A SHORT SALE MAY BE AN OPTION IF YOU:

  • Owe more than your home is worth and lack the funds to make up the difference.
  • Are facing financial trouble or falling behind on your mortgage payments.
  • Are facing a current or future financial hardship such as divorce, retirement, layoff, employment relocation.
  • Have had other workout options such as a forbearance or loan modification declined.
  • Are considering just walking away but want to avoid the consequences of foreclosure and/or a deficiency judgment.
  • Have been caught in a housing market downturn and lost your equity.
  • Have a probate home to sell, but owe more than it's worth.
  • Have just exited a covid-19 forbearance, but can't resume normal mortgage payments.
picture of lady pondering questions
SFR short sales and foreclosure resource

If these describe your situation, short selling may be right for you. Short sale transactions are complex and require an experienced Florida short sale realtor. My team and I have been specializing in selling short since 2008 and have helped hundreds of sellers walk away from their upside down homes debt-free!

FLORIDA SHORT SALE FREQUENTLY ASKED QUESTIONS:
What is a short sale?

A short sale is the a sale of real estate for an amount less than the balance owed on the mortgage. The lender must approve the sale. Short sale approvals are gained through a specialized documentation and negotiation process with the lender handled by your short sale Realtor. 

How does the short sale process work?

After we've had a quick conversation to determine whether you qualify, we will meet at your home to evaluate the property and discuss how the short sale works in more detail. The home will then go on market. After securing a buyer, we will negotiate the sale with the lender on your behalf, get the approval and close the sale like any other. LEARN MORE.

Do I need to hire a Realtor for the short sale?

YES! In virtually all short sales, your lender will require that a Florida short sale real estate agent is involved and that home was listed in MLS for a period of time. LEARN MORE.

How do the Realtor commissions get paid?

Nearly 100% of the time short sales are FREE! Most sellers have zero out of pocket costs. Commissions and closing costs get paid out of the proceeds of the sale as allowed by the lender. LEARN MORE.

I just came out of forbearance. Can I still sell short?

Yes you can still sell after a forbearance, loan modification or any other failed loan workout attempt.

How long will the short sale take?

Most short sales take 4-5 months total from the day you list your home, to the day the home closes. LEARN MORE.

Do I have to move out to list the home?

You do not have to move out of the home until closing. In fact your sale may be easier if you are occupying the home during the process.

Can I get cash back?

While sellers may not receive proceeds from the sale of their short sale home, many lenders are offering relocation assistance (usually about $1,500 to $7,000) to qualifying owner occupant short sellers.

What happens if I just walk away and let the home foreclose?

Not only will you end up with a foreclosure on your credit, but Florida is a deficiency state. If a Florida home forecloses, the lender can be granted a deficiency judgment and pursue you for their losses. LEARN MORE.

I was already declined for a short sale. Can I try again?

Yes. We regularly get short sales approved for homeowners that were previously rejected by their lender. LEARN MORE.


We provide full scale Florida short sale services with zero out of pocket costs!

JEROME

Minna was a God send! I was being told by everyone I couldn't short sell my home because I was current on my mortgage. My fiance found Minna's page and I contacted her the next day. She responded quickly and came out to view the home faster than expected. She told me she could get it sold and if all goes well it should be done by July. Well we closed on Friday May 18th. Jaime and Minna made this transaction work so smoothly and explained everything every step of the way. I can't thank her and Jaime enough! I will be recommending her to anyone that needs help with selling a home. Thank you Minna! You are the best!

KELLY

I was about to give up and just turn my back on my home and walk away. However, I found Minna and she was a lifesaver! Other realtors tried to help me but made the situation worse and wasted my time. If you are in the unfortunate place of having to short sale your home, then you know it can be embarrassing and difficult, especially if you don't have real estate experience. Minna knew exactly what to do, and was very professional, knowledgeable, and, kind. Minna was on my side and handled all the challenges we faced with selling a house that at times seemed like it didn't want to be sold! I appreciate Minna and know that you will love her.

DAVID

"When it comes to short sales, Minna is an expert. We had no idea that finding a buyer would be the "easy" part. Getting the bank's approval for the sale was a challenge. Our bank constantly made mistakes, even denying us at one point. The whole process was routine for Minna and she reassured us that we would work through the hiccups and eventually get approved. And she was right. What a relief! We hired Minna based on all of the positive feedback we found online and are glad we did. She's smart, responsive, knowledgeable and shows an overall level of professionalism that puts her in a different league than the rest. She regularly exceeded our expectations and we would recommend her to anyone looking to sell their home."

The Benefits of a Short Sale vs. Foreclosure:

  • Control over the sale of your home.
  • Minimize credit repercussions.
  • Eliminate or minimize the chances your lender will pursue you for a deficiency judgment.
  • A short sale will likely cost you nothing.
  • Avoid the stress of foreclosure.
  • Know you are doing the right thing and minimize the damages.
Maybe you are in over your head like millions of others. You have the opportunity to try to make the best of this bad situation for everyone involved. Selling short can help protect your financial future, improve your bottom line, salvage your credit report, and save your dignity.

Get expert help from a Florida short sale negotiator! We handle short sales in Nassau County, Duval County, Clay County, Saint John's County, Putnam County, Flagler County, Volusia County, Brevard County, Indian River County, St. Lucie County, Martin County, Palm Beach County, Broward County, and more! Contact us to see if we can help you!

Short Sale Lenders/Servicers/Investors/Programs we have experience with: Bank of America, Bayview, Countrywide, Chase, Wells Fargo, AHMSI, ASC, M&T Bank, McCue Mortgage, HomEq, IndyMac, One West Bank, Guaranty Bank, Greentree, AIM, PennyMac, Aurora, Citimortgage, Vericrest, GMAC, Home Point, MorEquity, Sovereign, Savings Institute, OCWEN, Bank United, Litton Loan Servicing, HFC, HSBC, SPS, SLS, Dime Savings Bank, PHH Mortgage Services, CHIF, Provident, Fifth Third Bank, Seterus, IBM LBPS (Lender Business Process Services), Liberty Bank, Nationstar, Norcom, Newrez, Bayview Loan Servicing, Webster Bank, Merrimack, Cenlar, Freedom Mortgage, LoanCare, Norcom, Windsor Federal, TD Bank, Ditech, HomeBridge, Guild, Planet Home Lending, Carrington, Mr. Cooper, Planet Home, CHFA, Lakeview Loan Servicing, and more...and all major investors including Fannie Mae, Freddie Mac, FHA, VA, USDA,  Private Labels/Investors.

our Florida Short Sale Services:

  • Pre-listing services including market analysis, property preparation advice and pricing strategy
  • Full scale property marketing
  • Showing management and feedback reports
  • Expert sales negotiations and contract review
  • Short sale document preparation, review, and regular follow up with lender

  • BPO / Valuation management, and value dispute services
  • Short sale processing, including assistance with negotiating favorable terms of approval, obtaining lien releases, and regular follow up with lender loss mitigation department.
  • Regular homeowner updates
  • Coordinating with foreclosure and/or probate attorneys  and vendors ( as required ).
  • Closing document review
  • Post closing support

Whatever words I use in this review won't do Minna justice. She did an absolutely phenomenal job as our agent and shepherded us through the tricky ins and outs of a short sale. Finding a buyer wasn't too hard, but the process with our mortgage lenders was. These transactions are not for the faint of heart, but I always knew we were in good hands. Probably the most important quality for a real estate professional in my opinion is accessibility. Minna always answered our emails, texts and calls. I tried not to abuse the privilege by bombarding her, but even during non-working hours, she was always patient. Kind of related to accessibility is flexibility, and she came to our home late in the evening to accommodate my schedule & my wife's schedule as well. Two other qualities I value highly are integrity and accountability. Towards the end of our odyssey, there was a misunderstanding between us and the seller about an appliance. I emailed Minna about it, and chatted with our Attorney as well. As it turned out, the mistake was essentially mine yet Minna still offered to chip in if it ended up costing us anything. She did not have to do that, and could have easily shrugged her shoulders and put the ball in my court. That gesture spoke volumes to me about the kind of person and professional she is. As it turned out, our attorney who Minna referred to us did an equally phenomenal job and it didn't end up being an issue. The thing to take from this is you can completely put your trust in Minna. In closing, she did something I didn't think was possible. We had to relocate for family reasons, and we were substantially underwater. I didn't think there was any way it would happen for us, but she never gave up. When the banks hemmed or hawed, she kept after them. When one of the lenders issued an initial denial, she demanded an explanation and reopened our submission. In the end, both lenders accepted short payoffs and our family was able to make that move. In my profession, I deal with many real estate agents and sadly, I see many who quite literally "mail it in", and sometimes for astronomical commissions. Minna worked harder than any other real estate agent I've ever seen. I strongly recommend her as a real estate agent, especially if you are considering a short sale.

~L.F.

Minna, My wife and I would like to sincerely thank you for making an impossible situation possible. Your level of expertise is uncommon in any line of business. You truly are an expert in your field. Our recent home sale was the 4th  real estate transaction in the last 6 years and by far the most demanding. Here is what made you stand out and above everyone else we transacted business with.You gave us a dose of reality and removed emotion from the transaction. As I walked through the details of our home and detailed description of the numerous upgrades you simply grinned and moved on to the next room. Bottom line the potential buyers do not care how much money you spent on upgrades as they are looking for the best deal in this market so price it properly. Your level of communication is exceptional. I expected a return call or email the same day when I had questions. You always returned a message within minutes and always with an answer, more importantly the right answer. A big thank you for keeping in touch and actually negotiating our deal while you were on vacation. Could I ask for anything more?Competence and Confidence. I knew I was in good hands when you explained how you planned to sell our house and sell it quickly. I had a list of questions, none of which I had to ask after your proposed plan of action. You gave me a clear and detailed explanation of what to expect from our lender and in hindsight you were spot on. You are not a sales person, you are a results driven professional.  Our prior realtor ( who had our listing for 3 years) was a “yes” person with lofty expectations. He overpromised and under delivered. You were hired to sell our home for the best price in short time frame. You sold our home in 16 days, closed in 45 days from list date, with a cash offer on a jumbo transaction. Not to mention in the midst of the most difficult real estate market our generation experienced. We cannot thank you enough for your flawless execution of our request to sell our home. You absolutely exceeded our expectations. I work with hundreds of high net worth clients and without hesitation would recommend your services to any of my clients, friends and family. Cheers to you and your team!

~b.p.