South Florida Real Estate Blog - Updates & Realty News Fewer South Florida Short Sales Come Up Short October 25th, 2009 1:46 AM While obstacles to short sales remain, real estate practitioners say the process is becoming more efficient. Rather than waiting six months or more to push through a deal, agents say banks are more willing to negotiate prices up front. "My gut feeling is that short sales seem to be the preferred avenue for distressed property now," says Cindi Hagley of San Ramon, Calif.-based Windermere Welcome Home. "It's cheaper for [banks] to do a short sale than go all the way to foreclosure." The short-sale process has become more manageable now that banks are willing to pre-approve prices, reach out to underwater borrowers who have listed their homes for sale, implement Web-based systems that manage the short sale process, and add staff dedicated to short sales. Additionally, the U.S. Treasury is set to implement a streamlined short sales framework and offer incentive payments of $1,500 to home owners and $1,000 to both loan servicers and second-lien holders. Borrowers also prefer short sales because Fannie Mae requires them to wait only two years to own another home or even less than that if they were not delinquent. By contrast, those who lost their homes to foreclosure have to wait five years. Source: Realtor.org Stop Foreclosure  Save Your Credit Florida Short Sales Posted by Real Estate - Associates on October 25th, 2009 1:46 AMPost a Comment (0) * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

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FL Realty Agents: Provides services to home buyers and sellers in Southeast Florida, including FREE MLS (multiple listing service) search, new construction homes, preconstruction property, foreclosures, short sales and bank owned REO property in South FL. We are experienced Florida real estate agents and brokers that can represent you in the buying process as a buyers agent or help you in selling a home in (Broward, Miami-Dade & Palm Beach) county. About us

Florida Short Sale Agents: A Florida short sale offers homeowners a way to avoid foreclosure and help save their credit.  We have a team of licensed Florida Realtors and loss mitigation experts who specialize in pre-foreclosures and the short sale of all kinds of property.  We have you covered in all the South Florida tri county (Broward, Miami-Dade, & Palm Beach) metro areas like Miami short sale - Fort Lauderdale short sale & Palm Beach Short Sale.

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