Stacy Matlock Realtor , Cocoa Beach Realtor , Merritt Island Real Estate , Viera Real Estate.
Stacy Matlock, Merritt Island Real estate, realtors,military relocation brevard county fl, Merritt Island Water Front Real Estate,Cocoa Beach Water Front Properties Brevard County Florida investment properties, Cocoa Beach waterfront real estate for sale, waterfront real estate Cocoa Beach, Ocean front Condos for sale Cocoa Beach , Brevard county FL homes, Stacy Matlock , Merritt Island Real Estate for sale, Cocoa Beach Real Estate For Sale,Water front properties for sale in Brevard County, Brevard Homes for Sale, Free Short Sale List Merritt, Cocoa Beach Real estate , Cocoa Beach FL Real Estate Listings and homes for sale,How To Avoid Forclosures, Short Sales, local information Island Florida, Stacy Matlock Realtor,, Merritt Island homes for Sale,Merritt Island Water Front Townhome for Sale, Costa Norte Town Homes Merritt Island,Island Crossings Merritt Island homes for sale,Waterfront Specialist in Brevard County Fl, Waterfront homes Merritt Island, Waterfront Homes Cocoa Beach, Condos for sale in Cocoa Beach, Water Front Group, Brevard County Florida, Stacy Matlock Water Front Group, real estate Cocoa Beach, Merritt Island waterfront real estate, Century 21 Ocean agent Stacy, Matlock, Cocoa Beach Realtor, Cocoa Beach Condos for sale, Cocoa Beach canal front homes,

Helpful Info > Short Sale Seller Info    




What a Seller Considering a Short Sale Should Know

It is recommended that seller seek legal advice from a competent real estate  agent or lawyer and speak to an accountant about short sale tax ramifications and ask about the Mortgage Forgiveness Dept Relief Act of 2007.

To be properly prepared, a seller who is asking a lender to consider a short sale should be prepared to provide their lender with the following information:

Hardship letter shortsale_: Statement of facts that describe how you got you’re your current financial predicament and requests the lender accept less than full payment on the loan.

Proof of Income and Assets - Your lender will want to know if you have any of the following: savings accounts, money market accounts, stocks or bonds, negotiable instruments, cash or other real estate. They are looking for something of value.

Copies of Most Recent Bank Statements
The seller will receive no cash at the close of the transaction and may be required to bring some cash to closing. Furthermore, the seller may incur imputed income or capital gains taxes as a result of the bank/lenders forgiveness of debt.

Short Sales in Brevard County
Due to the drastic downturn in property value over the past couple of years in Brevard County, there are a large number of short sales listed for sale. Not all listing agents have done their homework to be sure a listing will be considered by the bank/lender for a short sale. Be warned! These sales often fail to close because:

The bank/lender is not convinced of the seller’s hardship and the seller actually has assets to bridge the gap on the loss.
The seller is foreclosed upon during the long wait for the bank/lender’s acceptance of an offer.
The buyer moves on to another property rather than wait indefinitely for an agreement to be finalized.
The value of the property has dropped even more by the time the property is ready to close.






Stacy  Direct: 321-544-5235 Text E-mail:

Helpful Information

Selling Tips
Buying Tips
For First Home Buyers
Selling Your Home!
Dream Home Finder
What Is Your Home Worth ?
Buying Your First Home
About Stacy Matlock
Mortgage Advice
Moving Tips
7 Selling Mistakes
Moving Connections Info
About Merritt Island
About Cocoa Beach
About Cape Canaveral
About Melbourne
Buyers Profile System
Refer A Friend $500
About Viera
Senior Real Estate Specialist
Testimonials Happy Home Sellers & Buyers

Real Estate Websites, Realtor Web Sites