Behind on payments and don't know what your options are?

There are options for Central Florida families in foreclosure that do not want to stay in their home because they want to scale down, move, or maybe need a larger home. Short sales involve hiring a local Realtor, knowledgeable with the process, and listing the home on the market for its current value. Because the mortgage balance exceeds the sales price, the homeowner will not have enough money at closing to pay the bank; hence, the sale is “short.”

     Once the house is under contract with a viable buyer the bank will have to agree to the short sale, which does not always happen. In order to complete a short sale, families in risk of foreclosure need a realtor that is experienced in short sales and that has successfully closed at least 10 short sales in the past few months. This should be a good indicator that the agent is familiar with the latest changes.

    Paul Antonelli has a history of success and integrity in real estate that you can depend on. Paul Antonelli is very experienced in Florida real estate transactions, including short sales. Having completed hundreds of Short Sales throughout Central Florida, Kissimmee, Orlando, St. Cloud,  Apopka, Altamonte Springs, Dr. Phillips, Lake Mary, Longwood, Sanford, Windermere, Winter Park, Winter Garden, Celebration, Lake Nona, all over Orange and Osceola counties. Through dealing with numerous banks over the years, Paul Antonelli will sort through the factors that the bank will consider including: the homeowner’s hardship and income, appraised value of the home, the equity the bank would obtain at a foreclosure sale, in addition to the cost they would incur if they have to “carry the property” after the sale.

The important thing to note for any short sale not just in the state of Florida is that if the homeowner cannot show true hardship, the bank will expect the homeowner to bring or have available an amount of cash to closing. However, the benefit of a short sale is that as long as the short sales approval comes with a full waiver, once the house is sold, it’s sold. The homeowner is done with the bank, and the bank is done with the homeowner.

Contact Paul Antonelli today for your FREE consultation 321-443-4028 .