The purpose of this blog is to discuss a topic that is making headlines across the country:

SHORT SALES. What is a Short Sale?

A financially insolvent homeowner who is facing foreclosure sells his/her home for less than the value of the loan.

Why would a lender accept less than the amount of the loan? The cost to the lender for foreclosure may include: legal fees, possible eviction cost, taxes, insurance, maintenance,

Association fees, utilities, plus selling costs, just to name a few.

You do not need the lenders approval to list your home with a Real Estate Professional.

You must disclose that the sale is subject to the lenders approval.

Most lenders want you to list your home with a Real Estate Professional! A Realtor that knows the current market for your area!

They may not accept a Short Sale Contract unless the property has been listed with a Realtor and marketed on the MLS.

Work with a qualified experienced Short Sale Real Estate Agent and Real Estate Company.

For more information please don’t hesitate to contact me.

Betty Special

954 865 2095


Balistreri Realty

South Florida