Office/Text: 321-354-4057   

info@sacksrealtygroup.com

Short-Sale Information

Short Sale Information: Selling your home when you owe more than it's worth.

New Vacation Homes For Sale Near Disney Orlando

Disney Orlando Real Estate, Vacation Homes, Second Homes, and Investment Properties near Disney Orlando.

Golf Homes For Sale near Disney Orlando

Golf Communities Near Disney World Orlando.

Condos and Condo-Hotels For Sale near Disney Orlando

Condo Communities Near Disney Orlando.

Residential Homes For Sale Near Disney Orlando

Residential Communities Near Disney Orlando.

small portfolio1 small portfolio2 small portfolio3 small portfolio4
themed object
Buy, Sell, Invest Near Disney World Orlando
get in touch

Buyers

What Is My Home Worth?

Sellers

Featured Listing

The Grove Resort and Spa - Disney Orlando Condos

PRICE REDUCED!! Fully Furnished 2 Bedroom 2 Bathroom Birch Model Available at The Grove Resort & WaterPark in a prime position in the Disney Orlando areaClick here for details.

Featured Listing

Champions Gate Resort | Champions Gate Real Estate

Fully Furnished 9 Bedroom 5 Bathroom Pool Home with Bookings in place at the Resort Community of ChampionsGate. Click here for details.

Featured Listing

8200 Residences | Disney Springs Condos For Sale

Amazing Condo-Hotel Unit conveniently located in a beautiful and peaceful resort area, Quality Suites Lake Buena Vista hotel is just minutes from all of the Theme Parks. Click here for details.

Featured Listing

Orlando Real Estate | Orlando Homes For Sale | University Acres Home For Sale

PENDING - Luxurious Spacious 5 Bedroom / 4 Bath / 2 Car Garage Devonshire Victorian located in Celebration with large lot and Pool/Spa: Click here for details.

What is a Short Sale?

Short Sale and Foreclosure Resource Specialist OrlandoMany property owners that purchased real estate in the last several years with little or no money down are now in a position where they owe more money to the lender than the property is worth. A Short Sale occurs when a lender accepts less money than the amount owed on a mortgage. Most lenders prefer not to go through the lengthy and expensive process of foreclosure. In this market, many are willing to work out a mutually beneficial agreement with borrowers, whereby the lender will accept less than the amount owed on the property. Short sales are negotiated pre foreclosure.

Today, a short sale remains one of the best options for those homeowners needing to sell, but owe more than their property is worth. Sacks Realty Group Inc. remains one of Orlando's trusted short sale experts. Our experienced team has an unrivaled success rate, which we attribute to handling all of our clients personally.

Sellers

We have partnered with experts in the complex process of negotiating with lenders on short sales. They have the contacts and can often negotiate with the lenders to accept less than the mortgage amounts. Contact us today if you would like more information about marketing your property through a short sale.

Sellers - Considering a Short Sale?

Is using our Short Sales & Foreclosure Resources (SFR) really necessary?

It is so important to know how to work with lenders and how to present the offer to a lender that will make the lenders job easier and more likely to agree favorably. Understand that there are hundreds if not thousands of requests for short-sales. If a lender sees a well presented and thorough package compared to a package that will need much time and attention, which do you think will get the preferential treatment?

Designed for real estate professionals at all experience levels, the National Association of REALTORS® (NAR) Short Sales and Foreclosure Resource certification, or SFR for short, gives Sacks Realty Group Inc. a framework for understanding how to:

  • Direct distressed sellers to finance, tax, and legal professionals

  • Qualify sellers for short sales

  • Develop a short-sale package

  • Negotiate with lenders

  • Tap into buyer demand

  • Safeguard your commission

  • Limit risk

  • Protect buyers


If you're thinking of a short-sale on your home in Disney Orlando, contact Sacks Realty Group Inc. by phone or text at 321-354-4057 for expert guidance and first rate service. We'd love to make your home sale a breeze!


 

As Sacks Realty Group Inc. can attest, our ability to close short sales and foreclosures depends in part on in seeing these transactions through.


What should you expect during the process?

  1. Calculate the value of your property. This will be accomplished by preparing a CMA and looking at the competition in your area and the condition of those homes. We will need to price and position your home so that it sells quickly and at a high enough price so the lender will agree to the terms. /p>

  2. Calculate your home’s financial position. In this step we will examine the value from step 1 and compare this to the mortgages and other debt that is supported by the home value. If your home value is significantly less than your debt tied to the property you are a candidate for a short sale.

  3. We will start searching for a buyer, especially those that have expressed interest in buying short sale properties. Not every buyer will want your property given the status and tenuous nature of a short sale. The buyer must be willing to deal with extended deadlines and additional demands made by your lender. Your lender is the key to a successful short sale transaction and we will need them to feel confident in the new buyer.

  4.  We’ll need to contact your lender and explain your situation. Lenders are under no obligation to accept a short sale and the terms will be examined closely by the lender. The lender is the ultimate decision maker and must give final approval for short selling your home.

  5. There may be tax repercussions in enacting a short sale transaction. Part of the process we will cover is the tax liability that may remain after the short sale transaction is complete. As with any tax related matter we will advise you to seek counsel from a tax professional or tax attorney.

Sacks Realty Group Inc.'s 2 Major Goals:

  1. Work with Lenders to assist you in resolving the imbalance between home value and mortgage debt.

  2. Sell your home quickly and as painless as possible.


If you're thinking of a short-sale on your home in Disney Orlando, contact Sacks Realty Group Inc. by phone or text at 321-354-4057 for expert guidance and first rate service. We'd love to make your home sale a breeze!


Tell us how to get in touch with you:

Name
E-mail
Tel

Enter your comments in the space provided below:

Please contact me as soon as possible regarding this matter.


slide up button