Need a Short Sale team? Or Looking to Buy a Short Sale?
As the Florida foreclosure rates hit record levels, more home owners are turning to short sales as a way to avoid foreclosure. OCS Realty, llc. can process the documents with your mortgage lender FREE* of charge to the homeowner.
This process is an option that most homeowners prefer, rather than signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity. When we start the process of short selling your house, it looks like just another residential real estate sale.
What is a Real Estate Short Sale?
Basically this is the process of selling your house for less than what is owed to the lender or lien holders. This is generally achieved during a series of negotiations with the lender or lien holder.
Reasons for a Short Sale
- There are several reason for short selling your house, most homeowners are either over-leveraged or underwater. This means that you owe more for the property than it’s current market value.
- You are behind on payments, can’t afford to make the payments on the house anymore, and want to avoid the damage to your credit that a foreclosure causes.
Join our discussion on Short vs Foreclosure
Here is a brief short sale presentation
What will be required from you, as the homeowner?
Each lender has their own set of requirements to complete this process, in general they require the following:
- Two (2) years worth of tax returns
- Your W-2′s or 1099′s
- The last two months worth of paycheck stubs
- Two (2) through Six (6) months bank statements
- A Hardship letter
- Financial statement form – listing monthly expenses and income
- Listing agreement from a Real Estate Company (We will provide this)
- Sale/Purchase contract from a buyer
Along with the Lender requirement to process the short sale paperwork, you will also be required to:
- Keep the Utilities on during this process – Yes, you can remain in the house
- Maintain the property in showing condition – It’s in your best interested to find suitable buyers for the property.
- Allow Real Estate agents to show the property
- Contact us with any changes or notices from your lender – we ask you refrain from speaking to the lender while we are negotiating the short sale.
Ready to get started Short Selling your Broward County house? Just complete the form and one of our professionals will contact you shortly.
Disclosure
FREE* = OCS Realty, llc. will process the documents required for a Short Sale with the mortgage lender without any charges to the home owner. This offer requires the homeowner to list the property (Exclusive right of sale listing agreement) with OCS Realty, llc. for a minimum time of 6 months (180 days), and provide all documents required to complete the short sale and subsequent sale of the property. This offer is limited to Real Estate in Broward County, Miami-Dade County and Palm Beach County. OCS Realty, llc. reserves the right to provide your information to a Real Estate attorney for processing the short sale and collect a processing fee from the lender or mortgage company, along with real estate commissions paid from the from the lender or mortgage company.
