Selling Your Home
Selling your home in the current South Florida Market is a challenge and if you purchased your property between 2003 and 2006, will almost certainly result in a loss, possibly a very substantial one.
This also means that many homeowners in South Florida are upside down in their property - they owe more on their mortgage than the property is worth, especially those with HELOCs (Home Equity Lines of Credit). As a result, if a homeowner can no longer afford their mortgage payments, they will often apply for a loan modification and/or attempt to Short Sell their property.
A loan modification is a process where the servicing lender agrees to lower the interest rate and/or the balance owed on the home loan to reduce the monthly payment obligation to a level that the homeowner can afford. A Short Sale is when the homeowner sells the property for less than the current mortgage balance and the lender eats the difference by agreeing to accept a short payoff - a payoff that is less than the outstanding balance of the loan at closing (See our Short Sales section for more information on this process).
For those homeowners that need to sell, but do not qualify for a Short Sale, we offer a listing program that provides all of the marketing power and services of a traditional full service listing with a REALTOR, but at about half the cost. There are other unique features with this program that combine to make it the Best Way to Sell Your Home. If you need to sell your house in Fort Lauderdale or South Florida Find out all about it at: www.just-sold.net