Closed on another South Florida Short Sale - Seller escapes deficiency
When selling your home as a South Florida Short Sale, a homeowner’s biggest concern is likely what about the balance of their mortgage; that balance left over after the Buyer’s purchase takes care of a huge chunk of the mortgage. That left over balance known as the deficiency balance is what every Short Sale Realtor’s goal should be to get the homeowner relieved of having to pay it back.
I’m happy for my most recent South Florida Short Sale closing where my Seller was relieved of having to pay the deficiency balance back. The debt has been forgiven. Thank goodness! Relief. Joy. It can be described in a million different, favorable ways! And they're now relaxing like this little doggie!!
(This forgiven debt is viewed by the IRS as income which may be taxable income; the subject of another post to find out when this would not be the case. Visit MyShortSaleHome.com. )
As a Short Sale Realtor here in South Florida, I fight hard for my Short Sale Seller making it a priority to get the most money for their home fighting for every penny because getting a Short Sale approved is about making sure the Seller’s Lender is netting the monies they desire in order for them to approve the sale. I routinely come across Buyer’s and their Agents who assume that the Seller will pay for things here and there, such as, a Buyer’s Title Insurance. In our neck of the woods, it is customary for the Buyer to select and pay for Title insurance. Many will think that we can load up various closing fees for the Seller to pay as the Seller’s Lender will pay anyway. So when I see a contract come in from a Buyer with the Seller paying for the Buyer’s Title Insurance, we’ll get that moved back over to the Buyer side where it belongs with the Buyer selecting Title Company too. I negotiate a Short Sale on my Seller’s behalf so we do not have a Title Company doing the Short Sale process who might otherwise require the usage of their Company and thus, requiring the Seller to pay for this service. This is just one area where I can make the difference in whether or not a Short Sale gets approved.
So if you’re selling your home as a Short Sale and you want to move on with your life, makes sure you hire a Realtor proficient in Short Sales as we can make all the difference to you when it matters. A South Florida Real Estate Agent with years and years of traditional Real Estate experience doesn’t mean they can effectively handle your Short Sale. You’ll find me helping Short Sale Sellers in Coral Springs of Broward County to include all Broward county cities and up into Palm Beach County to to homes located in Boca Raton to Boynton Beach. Call me, you’ll be glad you did.
The more you know, the better prepared, the better the outcome.
Whether you're Selling your home in Coral Springs or Buying your home in Coral Springs or other Southeast Florida cities from Boca Raton south to Miramar, I promise to be on your side working hard for you as your Coral Springs Realtor and South Florida Realor. Helping homeowners with Coral Springs Real Estate and the Real Estate in surrounding cities such as Coral Springs, Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Miramar, Tamarac and Sunrise in Broward county to the cities of Boca Raton, Delray Beach and Boynton Beach in Palm Beach county.
As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, Coral Springs Short Sale Realtor, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.
Real Estate Promises Delivered
I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor
Copyright protected. Do Not Copy