Short Sales can come in all shapes and sizes throughout South Floirda and when planned for and packaged properly they can be handled in a professional timely manner that is win for the seller, the buyer and yes even the bank. If you or someone you know is potentially facing a financial hardship that may cause them to consider doing a short sale the most important first step is speaking to a professional early on it the process.

Luxury Short Sale Closes

This sucessful short sale handled by the Fort Lauderdale Short Sale Experts at Eric Miller and Associates Keller Williams Ft Lauderdale, was a South Florida Luxury Home in Canyon Springs, Boynton Beach Florida.

In this Boynton Spring Short Sale, the seller had already decided numerous aspects prior to the first meeting with the Short Sale team at Eric Miller and Associates. They wanted to rent their next home, cut down on monthly expenses and wanted the process to proceed along as quickly as possible. All of the above were achieved in  less than six months. More importantly than the successful plans,  the Short Sale process resulted in the seller having a waiver of any deficiency judgement, $3000 in relocation money, the Short Sale was completed in the time frame that will allow any income generated through the forgiveness of the debt to be non taxable, and it was all done in a fashion that their credit will be damaged as little as  possible.

Short Sell My Home

If the seller had preferred their Short Sale advisor could have suggested ways that may have been able to slow down the Short Sale process and allowed them to stay in the house for a longer period of time as the Short Sale progressed. Planning a short sale is like planning the next chapter in your families lives and discussing and understanding the process is important to the overall success. From foreclosurer defense, loan modifications, or a short the goal at Eric Miller and Associates is to send every client to the people who can help them best in reaching a great outcome.

Buying or Sellering a Short Sale work with the team that can write about your Fort Lauderdale Short Sale Success.

When we represent a seller in a short sale one of the most important parts in achieving a successful closing is that we work hard to interview the buyer and their agent  to make sure they both understand the short sale process completely. Nothing hurts the seller more than when a buyer walks out of their deal after holding the first position for many months. Though some banks say they are willing to move along quicker with a substitute buyer under the the sames terms, we have found this still to be a slow process. Very often you can tell early on that either the buyer or the realtor representing the buyer have unrealistic expectations about the short sale process, this should be viewed as a sign that this may not be the perfect buyer to make the deal work. 

In this recent Fort Lauderdale area short sale, the buyers bank ( whose name I will not mention ), the attorneys office, and the realtor all did not understand the importance of the expiration date of the short sale. The process in our opinion moved on the buyers sides, like a movie called “Sleepless in Short Sale Land”. Thankfully, their fantasy attitude that banks always give extensions did come true because of the hard work of our team and the title company.

Thinking about doing a Fort Lauderdale Short Sale, these stories of  Ft Lauderdale Short Sale successes are examples of why having the right team of professionals working on your side can make things happen even in the mists of  numerous business holidays. True short sale success is knowing that our hard word has made for a very Happy New Year for more of our clients.

 Chase and Wells Fargo are quietly offering selected borrowers cash incentives to complete a short sale. Some short sales in Fort Lauderdale have been included in these incentive programs but you must still stay on top of the process to assure you will recieve what was offered. Eric Miller and Associates recently closed a Chase Short Sale where the seller received $25,000, At the closing table the seller receievd $28,000. 

In addition, to the original Short Sale offer from the bank on this Fort Lauderdale Short Sale, Eric Miller and Associates short sale department worked with the seller to complete the HAFA program package, which provided the seller with an additional $3,000.

This Fort Lauderdale short sale was closed within 70 days of the listing date. When short selling your home, it is important that you respond quickly to any requested documentation to accomplish the short sale process.  Working with an agent who is experienced at delivering short sales is important. Locate an agent who has completed a large volume of shorts sales and has experienced the challenges. Each short sale brings questions and solutions that only an agent who has closed a large volume of short sales can assist you in resolving smoothly and quickly.
The terms of each short sale are different and need to be negotiated. The time it takes to close the short sale depends, in part, on the initial plan that the agent will establish with the seller.

There are some basic guidelines to discuss on how to complete a successful Fort Lauderdale short sale. Whether you are looking to short sale with Chase, Well Fargo or any other lender there are some standard forms and processes to follow. Our goal at Eric Miller and Associates is to close short sales as smoothly and as quickly as possible but always work with the sellers to make sure the solution works for them.

Short Sales are about Bank Forgiveness of Debt

Part of understanding the process is the important acceptance that the entire short sale process is based on your bank being willing to offer a level of forgiveness of debt so that you can sell your property for less that you owe. Short Sales only work when they are presented and appear to the bank as a better alternative to the foreclosure process.

Ft Lauderdale Short Sale Success

In the Fort Lauderdale Real Estate market Eric Miller and Associates have completed many successful South Florida short sales. From investor owned condominiums, to primary residences, to second homes, and commercial property the Ft Lauderdale Short Sale success at Eric Miller and Associates comes from the understanding that no two short sales are the same. No two banks, and no two negotiators approach the process in an identical fashion, and our job is to help the seller, the bank, and the buyer facilitate a deal that is a win for all parties concerned. 

Loan Modification, Short Sale, Forclosure

At any given time we have seen the entire process change direction midstream. Banks have numerous departments which work with homeowners that have fallen behind at the same time. The loan modification department, the short sale department, and the foreclosure department may all be working on an individual homeowners file at the same time. Our goal is make sure the deal the homeowner wants is the department that reaches the finish line.

At Eric Miller and Associates we always recommend that clients meet with an attorney early on in the process. When working to complete a successful short sale it remains important to protect your rights. If the banks foreclosure department moves forward with the process while the short sale is in negotiation we feel it is important that you have an attorney ready to protect you against any action. At Eric Miller and Associates we have worked closely with 511-Law.com in Fort Lauderdale, who provide foreclosure defense.

Call the Short Sale Experts in South Florida

If you are thinking of short selling your home a great foreclosure defense team may become important during the process to slow down the bank. While we work on any short sale, the foreclosure process may not be placed on hold. It may not go away while you complete a successful short sale. It is important that you have a team that will  keep their eyes on the process and make sure that your rights are protected at all times.

Short Sales in the Fort Lauderdale area are just like any other area in the country, they require expertise. Offers such as the one made by Bank of America often raise more questions than answers, at the beginning, our job is to get the answers and protect our customers. Banks such as Bank of America have many mortgage investors who often dictate the final deal; these are not the people you get to speak with on the phone. When it comes to a short sale every Bank of America loan, and every single note, will be its own unique situation. A simple fact, foreclosure must be dealt with proactively, and you need professionals on your side.

Bank of Americas latest offer is a positive step but will not be a simple path for homeowners. Other banks prior to Bank of America have gone this route and many short sales have still taken months. The banks goal is to make the process faster, avoid the legal costs involved in foreclosure and protect the property so it can be sold in livable condition. Bank of America in the past has earned the reputation of being one of the hardest banks to deal with in the Short Sale process; you may wish to Google “worst banks to do a short sale with”, and examine the results. Bank of America claims to be working hard to make the Short Sale process easier. Sometimes, Bank of America has lived up to their claim to have gotten better and out goal as Certified Distressed Property Experts is to package your short sale for the bank in a way that makes the entire process move along smoothly.

Bank of America customers need to examine this potential offer and reach out to their local Short Sale Experts at Eric Miller and Associates for a free no obligation meeting about the Fort Lauderdale Short Sale process. You need to understand your options, and plan accordingly. If you wish to defend your Broward County Foreclosure we will refer you to the people we know who can help you do this. If the goal is to embrace a Fort Lauderdale Short Sale, and take advantage of the Bank of America offer, we will make sure you are protected and get exactly what you expect from Bank of America. Working with the team at Eric Miller and Associates, puts a group of professionals on your side who work for you, free of charge. The real estate team gets paid only on closing day, and it is through funds that would have gone to the bank. Fort Lauderdale Short Sale experts, Eric Miller and Associates, Keller Williams Realty professionals are here to help you execute a Fort Lauderdale Short Sale with Bank of America or any other lending institution.

Eric Miller, at Keller Williams Ft Lauderdale, reminds us that no two short sales are the same, and a successful Fort Lauderdale short sale means that you will embrace the current owners sitaution and work hard for a  short sale option that works for everyone.  From the property itself,  the banks involved, to the negotiator you happen to get at the bank, to the time frame that works best for the property owner, no two are the same, and success is a short sale solution  that allows the owner to move on and and is acceptable to the bank.

Yesterday, after two buyers and  two bank negotiators, the approval letter involving two loans was received, and the closing is scheduled.  Both the buyer and seller are happy with the deal as it is a win-win for all parties, as this apartment has been sitting waiting for the a new owner to start calling it home.  This Palm Beach County Condo sold for $$251,900 in 2005, as a condominium conversion at the peak ot the real estate market. Eric Miller and Associates at Keller Williams Ft Lauderdale did not represent the buyer in the purchase. In 2010 the current tax value of the unit is $63,000.  At today’s, over corrected prices this condominium unit is a great deal for the lucky buyer and after closing we will update you with the final numbers of another successful short sale closing by Fort Lauderdale Real Estate team at Eric Miller and Associates.

If you are thinking about a Fort Lauderdale Short sale, and need to discuss the alterantives, the time frames, Eric Miller and Associates can referr you to a team of Ft Lauderdale Attornies that can guide you in the right direction in negotationg with your bank, and maybe able to help  create the time needed for you and your family while a successful Fort Lauderdale short sale is completed.

Looking to purchase a short sale, the process is not that complicated as long as you start with the team that understands the process, the successful Fort Lauderdale Short Sale team, at Eric Miller and Associates. Want to start hunting today you can find Available Short Sales in the Fort Lauerdale Real Estate market at our web site.