AVOID FORECLOSURE _____________ 

Florida Auctioneers & Realty Short Sale Program

The national as well as the local economy and mortgage crises have now become a problem for many homeowners in Southwest Florida counties.  With the rising cost of living; adjustable rate mortgages, job loss, inflation, sickness, death, divorce and other hardships, almost 1 out of every 8 homeowners are currently behind on their mortgage payment.  That facts are that almost 7 out of 10 people who are in default end up losing their home to foreclosure.  The long term credit impact of a foreclosure on you and your family can be devastating, but is avoidable.

If you are currently havng trouble making your mortgage payment, please give us a call at (941) 927-8108.  With 29+ years experience in Florida real estate, we may be able to help you save your home and your credit score.

It is a fact that a foreclosure will leave you with the worst credit history and score that you can have.  A foreclosure may reduce your credit score up to 300 basis points and will stay on your credit report permanently!  Many employers today are checking credit scores for employment, and if you have any type of security clearance, it could be lost.  Please do not let this happen to you.  Speak with us as soon as you think there could be a problem.  Communication is very important to helping you beat foreclosure.

Below you will find some helpful links that will educate you more on the Short Sale process.  Please don't hesitate to contact us.

WHAT IS A SHORT SALE? ______________________

A short sale is when a property is sold with an agreement with the lender for less than is owed on the mortgage:

• The homeowner must be distressed, which means they are behind on payments and facing foreclosure.
• A short sale package, which is an extensive set of documents, must be provided to the lender to prove that you qualify for a short sale.
• If the lender agrees to a short sale and there is a buyer for the property then the transaction continues as normal.

FORECLOSURE VS. SHORT SALE CHART