Every homeowner in South Florida should be educated on their options to avoid a foreclosure in South Florida. Many options are available to distressed homeowners however; short sales are becoming increasingly popular due to its abilities to assist homeowners in South Florida. Short sales offer cash back incentives, a credit score that suffers far less than one of a foreclosure in South Florida and the assistance of a South Florida short sale specialist at no cost.
Something each and every homeowner in South Florida worries about is how their credit will be affected once a short sale all is said and done. The truth is, a short sale itself may drop your credit score by 50 points, however it will the delinquent mortgage payments that do the most damage; each missed payment ranging around 30 points. When you compare a short sales versus a foreclosure you will see that a foreclosure may lower your credit score by 300+ points and sit on your credit report for up to ten years. A short sale in South Florida will typically recover within two years while usually displaying paid as negotiated or settled in full on your credit report. A foreclosure in South Florida also has the potential to hold you back from a certain career path because it is not uncommon for employers to do a credit check before making a decision.
One of the greatest benefits of a short sale is having an experienced South Florida short sale Realtor assisting you throughout your short sale. The goal of a South Florida short sale Realtor is to handle all negotiations on your behalf while working aggressively to get your home sold in South Florida. A highly qualified South Florida expert in short sales will be able to keep constant exceptional communication with all parties involved while offering their services to you, at no cost; your lender will typically pay all commission and closing costs. There is no reason to let your home in South Florida go into foreclosure when you have options available and professionals who dedicate their lives to helping distressed homeowner.
Scott is a Real Estate agent at Florida Elite Homes (License No. BK 3017273), covering the greater South Florida area.
Phone: 954 214 7806
Helping South Florida home owners avoid foreclosure with a short sale.
Scott Auten specializes in short sales in South Florida .I am your South Florida Short Sale Specialist Realtor and South Florida loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.