What is a short sale?
A short sale is one of the strategies property owners can use to avoid foreclosure; in essence it’s an alternative to foreclosure. A seller can avoid foreclosure by listing a property with a short sale specialist. Many short sale specialist have a list of investors that will make an offer on your property. The offer will be less than the mortgage balance therefore it must be accepted by your lender. The time it takes to process a short sale is 60 to 90 days once we have an offer. However, new short sale rules by the U.S. Treasury give lenders 10 days to make a decision. In addition, sellers will receive a $1500 moving allowance and do not have to repay any of the debt.
How do we get started?
To get started with a short sale in Florida, call or email Miller & Associates Realty, LLC. Our short sale specialist, Chad Miller will answer all of your questions and access your situation.
Next, Chad will email you a short sale package and listing agreement. Once we receive your information back we notify our investor pool, procure an offer on your property and handle all negotiations with your lender.
Contact Chad Miller directly at: (850) 249-6655 or e-mail shortsale@chadmiller.com.
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