“Short Sales” is the hot catch phase these days in Florida. Everyone in Real Estate and Mortgages talks about them… and for different reasons. As a Florida Mortgage Professional, I get calls and emails all the time from worried homeowners wondering if they should start Short Sale Proceedings. There are a few ways to decide [...]

Thinking about a Short Sale got you frustrated? One common question that comes up quite often in discussing Short Sales with people who call me with questions is: If my Mortgage is for $150,000 and the Short Sale is for $100,000, what happens to the $50,000?? Well… good question. Believe it or not if you [...]

After reading a lot about short sales and those people that love or loathe them, one theme keeps coming up that makes me understand new topics for Continuing Education that would be exceedingly timely right now. So many Realtors show their clients short sale or bank owned properties just to see the Mortgage Broker, Bank, [...]

Right now one of the most popular requests that I am hearing is that someone wants to buy a bank owned or short sale property.  These two property types are very similar in that they both entail negotiating with the bank for the ultimate purchase price. The other similarity is that in both instances you [...]