Here is another question I get asked a lot, is it hard to purchase a short sale home. Well my answer to that is what do you consider hard? In Orlando Florida the vast majority of homes on the market now are short sales. Here are a few tips I give potential home-buyers before they decided to purchase a short sale not necessarily in this order.
•1. A home may not really be a short sale ( lender approval is needed)
•2. Just because they are advertising a certain price, it may not sell for that pric… Continue

Know your options, Know your Realtor! The more we know the better decisions we can make!


Issue- Credit Score

Out come with Foreclosure- Your credit score may drop from 250 to more than 300 points. It will typically impact your score for more than 3 years!

Out come if you Short Sale- After the sale, only late mortgage payments will show onn your credit report. The mortgage will be reported as paid or negotiated. Your score may drop as little as 50 points if you are current on all your othe… Continue

The Wrong Short Sale House Might Not Ever Close

When you spot a short sale house that interests you, take your hand off the mouse and step away from the computer. Before you get all excited over the prospect of buying that short sale house, pick up the phone and call your real estate agent. Your agent needs to research that short sale listing first.
In some real estate markets, fewer than one in 10 short sales close. Just because that home is listed as a short sale doesn't mean it's really for… Continue