Short Sale

If you cannot bring your loan current, afford to make payments moving forward, or are unable to sell the property for the full amount of the loan, your lender may accept less than the amount owed as full payment.

Don’t go it alone.  Contact our experienced professionals at Lake Nona Harmony Homes today to help you every step of the way.

What Does “L.N.H.” Real Estate Do? - We negotiate directly with your lender to accept less than what is owed on the mortgage (Short Sale) allowing us to proactively market the property at a discounted price to over 30,000 Central Florida Realtors who work with over 87% of today's buyers.

What is A Short Sale? - A short sale is the process in which the proceeds of the sale fall short of what the owner still owes on the mortgage.  Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments.

Under the terms of a short sale, your lender may forgive your mortgage debt in its entirety according to the terms outlined in The Mortgage Debt Relief Act of 2007. Fannie Mae has announced a reduced mandatory waiting period to establish credit history to 2 years after the completion of a short sale. This mandatory waiting period after a short sale is lower than the required 5-7 years following a foreclosure.

Why Would A Lender Agree To A Short Sale? - A lender would rather take a discount on the loan today instead of going through the long costly foreclosure process.  On average a lender stands to lose $58,000 per foreclosure.  It is our job to demonstrate to the lender it is a better financial decision to take the current market value amount of today dollars than continue with the foreclosure process.

Why You Should Consider A Short Sale? - Save your credit!   In our credit conscious society late payments on your credit report are less severe then showing an actual foreclosure or bankruptcy.  All real estate fees are paid by the lender...you have no out of pocket expense!

A short sale is an excellent exit strategy if you have to sell, and cannot sell because you owe more than what the property is worth.   A common problem in today's real estate market.

We’re sure you have been contacted by investors, especially if the foreclosure has gone public. Unlike investors, Lake Nona Harmony Homes will not take advantage of your unfortunate situation. We simply figure out a mutually beneficial solution so you can move on with your life!

If your house payments are more than a month or two behind, your lender has probably already started foreclosure proceedings. As time passes thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added!   To avoid this you must act quickly. To learn more about  the short sale process and discuss how it may help you in your particular situation please contact us today at 321-222-9262 or e-mail your questions to  denikehomes@gmail.com.