Weston, Florida is an amazing planned community where many homeowners are in default of their mortgages. If you need an Experienced Short Sale Realtor who works along side an attorney and attorney title company to help you avoid foreclosure and short sale your home, keep reading….
Property values dropped approximately three years ago and they are still falling. If you are a Weston Florida homeowner who has unfortunately stopped making mortgage payments and is in need of a Certified Short Sale Specialist, CDPE and SFR who has an amazing track record of Approved Short Sales, look no further!
TIME FRAME
Foreclosure is not where you should direct your attention to. Foreclosure places you in the position of not being able to purchase a home back by Fannie Mae for a period of 5 years. A sucessful Short Sale will let a home buyer purchase again in 2 years.
CREDIT HISTORY
Foreclosure will remain as a public record on a person’s credit history fo 10 years or more. For a Short Sale the credit history is not reported on a credit report. In most cases a loan is typically reported paid in full, settled or paid as negotiated.
SECURITY CLEARANCE
In almost all cases for government or military security clearance , when a foreclosure is on your record, the clearance may be revoked. A short sale does not challenge most security clearances.
CURRENT EMPLOYMENT
Employers have the right to regularly check the credit of all employees in a sensitive position and will see foreclosure on their employees records. Short Sale does not affect current employment as it is not reported on a credit report.
DEFICENCY JUDGEMENT
Florida is a deficiency judgement state. In Florida, the bank has the right to pursue a deficiency judgement. If your home sold as an REO foreclosure or at auction, the sale price is usually lower than a short sale price resulting in a higher possible deficiency judgement. In some sucessful short sales, it is possible to convience the lender to give up the right to pursuit a deficiency judgement against a homeowner.
Contact Susan Penn PA, EWM Realtor for more information at 954-557-5993.
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