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Short Sales Frequently asked questions Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] Presented By: Russell Irizarry Short Sale Specialist Miami-Dade County, FL www.ShortSaleClinic.com
Disclaimer The content in this  presentation is based upon our research, knowledge and experience. In no way is any information contained herein to be interpreted as legal or tax advice. To be assured of sound legal advice with regards to foreclosure, real estate, bankruptcy or agency laws, please employ the use of a competent legal or tax professional and/or your real estate broker. Please consult your broker, accountant and attorney, as appropriate, for advice specific to your situation. Although every effort is made to keep this presentation current and relevant, it is your responsibility to seek guidance from qualified professionals in order to keep up with rapidly changing market conditions and periodic changes to the law. Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address]
What is a Short Sale? ,[object Object],Property Sale Price: $250,000 Mortgage Balance: $300,000 Short Amount: <$50,000> Example:
Will the bank come after us for the difference? ,[object Object]
Will the bank come after us for the difference? ,[object Object],[object Object]
What is a 1099? ,[object Object]
What is a 1099? ,[object Object],[object Object]
Will my lender accept a short sale if my payments are current? ,[object Object]
Why do I have to provide personal financial data? ,[object Object]
Why do I have to provide personal financial data? ,[object Object],[object Object]
Will a Short Sale destroy my credit? ,[object Object]
Will a Short Sale destroy my credit? ,[object Object],[object Object]
Will a Short Sale destroy my credit? ,[object Object],[object Object],[object Object]
How long does the short sale process take? ,[object Object]
How long does the short sale process take? ,[object Object],[object Object]
Can I short sale the property myself? ,[object Object],[object Object]
Can I short sale the property myself? ,[object Object]
Can I receive any proceeds from the sale? ,[object Object]
What is the difference between listing with an agent and working with you? ,[object Object]
What is the difference between listing with an agent and working with you? ,[object Object]
Is there any guarantee that my lender will accept a short sale? ,[object Object]
Will this cost me anything? ,[object Object],[object Object]
I’m a real estate agent with short sale clients. Can I call you? ,[object Object]
I’m ready to find out if my house qualifies for a short sale, what do I need to do? ,[object Object]
I’m ready to find out if my house qualifies, what do I need to do? ,[object Object],[object Object]
Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] End of Part III Also see the following videos on the Short Sale process: Part I – The Foreclosure Process and Homeowner  Options Part II  - The Short Sale Process and What We Do Contact Us today  to discuss your options and for further information on the Short Sale Process www.ShortSaleClinic.com

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V3 Frequently Asked Questions

  • 1. Short Sales Frequently asked questions Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] Presented By: Russell Irizarry Short Sale Specialist Miami-Dade County, FL www.ShortSaleClinic.com
  • 2. Disclaimer The content in this presentation is based upon our research, knowledge and experience. In no way is any information contained herein to be interpreted as legal or tax advice. To be assured of sound legal advice with regards to foreclosure, real estate, bankruptcy or agency laws, please employ the use of a competent legal or tax professional and/or your real estate broker. Please consult your broker, accountant and attorney, as appropriate, for advice specific to your situation. Although every effort is made to keep this presentation current and relevant, it is your responsibility to seek guidance from qualified professionals in order to keep up with rapidly changing market conditions and periodic changes to the law. Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address]
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  • 26. Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] Real Estate Solutions of South Florida, Inc. 1-866-412-5269 [email_address] End of Part III Also see the following videos on the Short Sale process: Part I – The Foreclosure Process and Homeowner Options Part II - The Short Sale Process and What We Do Contact Us today to discuss your options and for further information on the Short Sale Process www.ShortSaleClinic.com