Melbourne Homes For Sale / Short Sales / Pre-Foreclosures /

Avoid Foreclosure in Brevard, Ask about Short Sales

How Do I Avoid Foreclosure?
Are you behind on your mortgage payments or facing foreclosure?  Did you recently lose your job, enduring a divorce, have piles of medical bills ... Don't Foreclose, Ask About Short Sales!  Short Sales are one of the most effective methods for a homeowner to avoid foreclosure and the credit issues that come along with it.  Did you know that a foreclosure stays on your credit for 10 YEARS?   Don't let foreclosure ruin your life or your credit ... Ask About Short Sales. 

What Does a Short Sale Entail?
In short, the bank agrees to the Short Sale, the homeowner hires a Real Estate Agent to find a Buyer(s), the home is sold for less than what it's worth and the bank will eat the loss.  Sound Easy?  Well, like all real estate transactions Short Sales have basic requirements and paperwork.  The homeowner will need to provide the Lender with a Listing Agreement (from a Realtor) and a Sales Contract (from a Buyer). They are also required to provide documentation explaining the reason why they cannot continue to pay their mortgage (typically referred to as a Hardship Letter) and supporting documents such as bank statements, tax returns, photos and/or information on the home and a CMA (Comparative Market Analysis) to support the offer.  The remainder of the process works like any other real estate transaction, except the Bank will typically absorb the cost of the Realtor's commission.  The homeowner may also be entitled to pay the IRS taxes on the bank's amount lost on the sale.  

How Long Of A Process Is This?
Depending on whether or not the Lender accepts the first offer and/or how busy they may be, the Short Sale process may take approximately 2-3 months or longer.  If the Lender does not accept an offer, the Homeowner/Seller and Buyer will typically go through a negotiation period until both parties are satisfied. Nonetheless, in the end the Homeowner/Seller, Buyer and Lender will walk away benefiting from the Short Sale.  The Homeowner/Seller will avoid foreclosure and crippling their credit, the Buyer will purchase a home at a great price and the Lender will not have to endure the time and expenses of a foreclosure nor will they have to take the home back (especially in a declining market). 

To Learn More About Short Sales, Please Contact a Curri Properties Agent - 321-259-1003 or 321-255-9555

 



Email a friend, post this to your blog or share with social bookmarking sites:



READ OUR GUIDE TO BREVARD COUNTY & THE SPACE COAST


GET PRE-APPROVED: Get the low rates you want with our flexible finance options.


BUYERS & SELLERS: Click for Our Special Offer: $500 CASH BACK AT CLOSING
LISTING SEARCH




+ Show more options
(i.e. Subdivision, zip code,
keyword search)


Login/Create Account
BUYERS AND SELLERS:
SIGN UP FOR FREE INFO:
  • New Listing Alerts
  • Foreclosure and hot deals
  • Market value of your home
  • Excellent rates on mortgages


SHARE THIS PAGE
 
Contact Curri Properties to discuss your next real estate transaction. Our team of experienced realtors provides professional real estate services to discriminating luxury buyers and sellers in the Brevard County Area. Your privacy is our utmost concern. We will never sell your personal information.

Simplify your buying or selling experience with the help of our years of professional experience. We represent our clients with full time service, leverage our excellent industry connections, and care about one-on-one personalized service to keep you involved.

Read More or contact us now at 1-866-50-CURRI

Contact Us

Please fill out the form below and we will respond to your inquiry shortly.

First Name * Required
Last Name
Comments
First Name: * Required
Last Name: * Required
Company:
Email: * Required
Phone: * Required
Address:
City:
State:
Zip:

What type of property are you interested in?

Property Type
Choose Price Between
and
City Name
Beds
Baths
Square Feet
Want a Pool? Yes No View/Frontage:

Getting ready to move soon?

When do you want to move?


How long have you been looking?
Are you currently working with an agent?
Yes No

Have you been prequalified?
Yes No

Comments
You are inquiring about:
  Check the box to join our newsletter.
     Privacy Policy
Copyright ©2007-2010 curriproperties.net - All Rights Reserved. | Site Map | Privacy Policy | Real Estate Web Design | Agent Login
Avoid Foreclosure in Brevard, Ask about Short Sales
Featured Listings | Why You Should Consider Living in Brevard County, FL | Florida Luxury Riverfront Homes For Sale | Melbourne Luxury Homes For Sale | Melbourne Riverfront Homes For Sale | Space Coast Real Estate | Brevard County Property | Commercial Real Estate Brevard County | Brevard County Land For Sale | Real Estate In Brevard County | Florida Luxury Million Dollar Homes | Brevard County Florida Real Estate | Short Sales / Pre-Foreclosures | Panama Real Estate | Search MLS Listings | Find Your Home's Value | Read Our Testimonials | Free New Listing Email Alert | Brevard County Real Estate | Palm Bay FL Real Estate | Satellite Beach FL Real Estate | Viera FL Real Estate | West Melbourne FL Real Estate | Indialantic FL Real Estate | Merritt Island FL Real Estate | Indian Harbour Beach Real Estate | Why Curri? | Brevard County Map & Directions to Our Office | Brevard County Vacation Rentals | Mortgage Calculator | Brevard County Events | Resources | Brevard County, Florida Real Estate Blog | Scottsmoor Real Estate | Mims Florida Real Estate | Titusville Florida Real Estate | Port St John Real Estate | Sharpes Florida Real Estate | Cocoa FL Real Estate | Port Canaveral Real Estate | Cape Canaveral FL Real Estate | Cocoa Beach FL Real Estate | Rockledge FL Real Estate | Palm Shores Real Estate | Melbourne Beach FL Real Estate | Malabar FL Real Estate | Valkaria Real Estate | Grant Florida Real Estate | Viera Real Estate | Sebastian FL Real Estate | Search Site | Browse MLS | Google Map Search | New Listings | Great Deals Under $100K | Daytona Beach Florida Real Estate | Our Recent Sales | Relocation Info | Florida New Home Communities | Foreclosures | Luxury Homes | Your Guide To Brevard County | Vacant Land For Sale | Cash Back Offer at Closing | Florida Rentals | Long Term | Cocoa Beach | Melbourne | First time home buyer tax credit | FOR SALE - N. Indialantic 5 Bed 3 Bath 2 Car garage Single Family Home with Private Pool $899,000 | The Brevard County Quick Guide | Exclusive Listings | Florida Commercial Real Estate For Sale | Brevard County | Melbourne | Orlando Florida | Greater Orlando Area | Metro Orlando Florida | Vero Beach Florida | The Treasure Coast | Vacation Homes | Golf Course Homes | 2nd Homes | Retire | Our Preferred Lenders | Curri Properties's Recently Sold Homes |