If you want to sell your house but it’s worth less than the amount remaining on the mortgage, a short sale may allow you to sell your house and settle your mortgage debt.

By completing a short sale rather than allowing your house to go through foreclosure, you avoid eviction and your house will not be sold at a public sale or auction. Plus, depending on your circumstances, you could qualify for financial assistance to help with relocation costs.

To get started with a short sale, call us today at 407-334-5866.

There are some significant advantages to contacting us before you begin a short sale. We'll work with you to determine an appropriate selling price and start pursuing any necessary approvals.

If you’ve received an offer on your house, and you’re not already participating in one of our short sale programs, you will follow the traditional short sale process.

1. Income issues.  Have income too low for the mortgage amount they are seeking.

2. Muddled money matters. If the mortgage for which you're applying plus your monthly others payments;  will comprise more than 45 percent of your total income.

3. Credit issues. Today, the mortgage-qualifying FICO score cutoff falls somewhere between 620 and 660,

4. Property didn't appraise.

5. Condition problems. like cracked or broken windows, missing kitchen appliances, electrical problems, or wood rot.

6. Technical difficulties with application. The days when lenders just took your word for it are long, long gone. Applications with incomplete or unverifiable information are doomed.

 You may be eligible to sell your home in a short sale, if:

you have a hardship, such as a job loss, divorce or medical emergency

you owe more than your house is worth

you’re unable to afford your current monthly mortgage payment

you’re unable to modify your current home loan