what is a royal palm beach short sale?
TRANSCRIPT
What is A Royal Palm Beach
Short Sale?
Nestor Gasset and Katerina GassetInternational Properties and Investments LLC
What is a Royal Palm Beach Short Sale?
To cut a long story short, a Royal Palm Beach short sale may be the best solution for struggling homeowners
facing possible foreclosure.
Although Florida has more forgiving laws on short sales compared to those in California, it does not mean you can
hide your head under the sand forever.
There comes a time when you have to face reality and tackle your problem straight on if you don’t want to have
your entire credit ruined alongside losing your home.
How Does a Royal Palm Beach Short Sale Work?
Homeowners sell their properties – with their lender’s approval – at a price below the amount of their loan
balance.
Sale proceeds are used as payment for their loan. The rest is either forgiven or may be settled with a new
promissory note.
Meanwhile, homeowners are able to avoid having foreclosure included in their records.
When Should You Consider a Royal Palm Beach Short Sale?
A Royal Palm Beach short sale is in the cards if the following holds true in your situation:
● You are having difficulties keeping up with mortgage payments and may already be behind
● You owe more money on your house than what it’s currently worth
● You would like to avoid having a foreclosure included in your credit report
● You would not mind selling your home as long as it means reducing – if not eliminating – your debt and saving your credit reputation
If all of these apply in your case, then it’s definitely time to consider short selling your home.
What Should You Do to Get a Royal Palm Beach Short Sale?
Homeowners who have full possession or ownership of their homes don’t need to consult anyone when they
want to sell their properties.
But if your property is encumbered or mortgaged, then you need to consult your creditor or lender first before
making any move regarding the sale of your home.
For short sales, it is typically best to hire a real estate agent to negotiate with your lender on your behalf.
Short sales are rather more complex than simple or straightforward sales of real estate properties.
If you insist on working on your own, there is very little chance that your lender will give you the green light for
short selling your property.
Ultimately, hiring a Royal Palm Beach short sale agent will help you save time, money, and effort.
● You don’t have to lift a finger to find the appropriate buyer for your home. Your agent will do all the marketing. You just have to do what you can to make your home appear sale-able and at its most attractive.
● You don’t need to research about the documents needed for your short sale package. Your agent will give you a list and, if necessary, help you obtain or create the said documents.
Your Royal Palm Beach short sale agent will be with you every step of the way and may act as your buffer against
rude creditors and unscrupulous buyers.
Call Nestor Gasset or Katerina Gasset at 561-502-1577 today to get all your Royal Palm Beach short sales
questions answered.
Nestor Gasset & Katerina GassetRealtors®, REOS, CIPS, SFR, GRI, ABR
1021 Cherry Lane,Wellington, Fl, 33414
www.floridaipi.com