Are you a Lake Mary homeowner in financial distress? Do you have a mortgage with Bank of America? Bank of America is encouraging distressed homeowners to explore a short sale as a viable option for avoiding foreclosure.  As an additional incentive, for a limited time homeowners can receive relocation assistance* by contacting them prior to receiving…

What’s the secret to a successful short sale? Is it the homeowner’s hardship? Is it the buyer’s ability to be patient? Is it the contract price to market value ratio? Is it the lender’s willingness to cooperate in the short sale? Is it the homeowner’s willingness to share their personal and financial information? The above…

Don’t be a statistic… Avoid Foreclosure! You’ll be surprised to learn that many times when a homeowner is in distress they give up, without ever seeking an alternative to foreclosure.  Perhaps they don’t understand the process or feel like they no longer care, help is out there, all you have to do is ask. I’m…

Foreclosure by any other word is still FORECLOSURE! Do you know that 36% of Americans would consider “strategic default’ – just a catchy term for walking away from your mortgage – if they were underwater (owned more on their home than what it was worth)?  There is a growing trend of distressed homeowners who have…

There are a lot of misconceptions and half truths circulating online about Short Sales. The truth is that Short Sales really do work and homeowners avoid foreclosure. In order for a short sale to be successful the REALTOR who represents the seller and lists the property must understand how to qualify, prepare and execute the…

In order to get a Short Sale… You have to tell them EVERYTHING! When a homeowner contacts me to talk about a short sale [selling their home for less than what they owe on their mortgage(s)]. I give an overview of the process, the time frame that a short sale can take to be approved…

What are you hearing about Short Sales? 1. Short Sales save homeowners from Foreclosure… 2. Short Sales don’t close… 3. Short Sales are value priced… 4. Short Sales are a waste of time for buyers… 5. Short Sales are here to stay… The truth about Short Sales… Homeowners in distress can avoid foreclosure by selling their…

Distressed Properties – “The Situation” explained… What do you think of when you hear the words “Distressed Property”? The first thing that comes to mind might be something like the picture to the right. I even named the file “distressed property” so that I would quickly be able to identify it without looking. I’ve earned…