Lake Worth -Boynton Beach -Wellington 561-967-3948
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Short Sales


By specializing, we do short sales better than most. Recognizing the current market shift, we have geared our company and trained our agents to be proficient in a short sale transaction.   We have aligned ourselves with a Florida Law firm that specializes in short sales and will work side by side with us, with absolutely no cost to you. We have also positioned ourselves with a title company that also specializes in short sales.

What is a Short Sale?

A Short Sale is a win-win solution for the home owner and the lender. The lender gets the highest price for a quick sale at a market price. The borrowers get their credit restored and generally get relief from possible future legal actions and most deficiency judgments.

Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed. In a short sale, the homeowners usually get relief from all of their mortgage debt.

The end result is your home is sold, the mortgage is satisfied (paid off) and you avoid a foreclosure or a bankruptcy in the event of hardship. Perhaps even better, your credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.  Put our attorney to work for you for FREE. 

What are the Benefits of a Short Sale?

When a Short Sale is achieved, there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy.

Protect your credit. Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy.
Our Short Sale Service is FREE to you; the lender covers all the costs involved.  Real estate commission and attorney fees are all paid by the lender.
 
Please click on one of the topics below to learn more
 
 
 
Call Victor DeFrisco Broker/Owner for a confidential interview or email vdefrisco@exitrealtypalmbeach.com 

 

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