Tag Archives: short sale specialist
What’s The Difference Between A Deed In Lieu And A Short Sale?
Orlando Short Sale Expert
Today we’re talking about deeds in lieu because we get a great deal of people wondering if they should do one instead of a short sale. The straightforward answer is that doing a deed in lieu is throwing yourself at the mercy of your lender. It is known as a friendly foreclosure because it is essentially a foreclosure; the only difference is the bank doesn’t send a sherrif to your house to evict you, you just mail your keys to them and give the home back. A deed in lieu takes you out of a place of authority. With a short sale, you set yourself in a place of authority because you can negotiate the outcome to a way that benefits you.
Since Florida is a deficiency state, a lender can sue you for the difference of what you owe and what they sell the house for. Doing a deed in lieu is essentially telling the lender to sue you, whereas with a short sale we can get deficiency rights waived. This is a major distinction that can impact you long term. A short sale is more effort upfront because of paperwork and having to show your home, but a short sale is a much better course to take than a deed in lieu. Always choose a short sale before a deed in lieu. If you have any more questions about short sales versus deeds in lieu, please feel free to contact us.
Do you need to sell your home or are you underwater and can’t make your mortgage payments? Are you facing located in facing foreclosure in Florida? Are you looking for more information on short sales, loan mods, and avoiding foreclosure? Mark Alan Adams is Central Florida and the Orlando Area’s leading short sale expert. He can answer your short sale questions. Contact the Mark Alan Adams Team. We are Florida’s Short Sale Specialists.
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Group 46:10 Discusses Short Sales With GMAC Bank
my first short sale
Today we’re here to talk about our experiences in working with GMAC Bank. GMAC Bank may go by different names. You may have a loan with Homecomings Financial Bank, a mortgage with Ally Bank; they’re all part of GMAC Bank. Because of this we have a lot of experience working with them. We’ve probably completed somewhere close to 20 or 30 short sales with them over the past few years, which is a considerable amount. This is notable because the more you work with a lender, the more you can be familiar with their process and inner workings; the more you do business with them, the more you understand their timeline for review and, most importantly, the people to talk to when you run into roadblocks. Short sales can be challenging, they can be complex and we will typically run into obstacles at some point or another. Because we have done business with them so frequently, we know who to go to and when to go to them. We’ve also got their process down.
If you have a GMAC, Homecomings Financial, or Ally Bank loan and are questioning if you can do a short sale and want to speak with someone who in particular has experience with your lender, give us a call today and we can cover things with you. Even if you have a loan with a different servicer, we’re able to assist you. We would love to schedule a consultation with you, discuss your specific situation, and let you know what we can do to help you out in short selling your home. Please give us a call today!
Short sale FAQs and more.
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona
Short Sales With Seterus
my first short sale
We have closed hundreds of short sales over the past couple of years with a number of various lenders. One of the banks that we have been doing quite a bit of business with during the last 6-12 months is IBM, previously known as Lender Business Processing Services (LBPS) and they’re now presently working under the name Seterus.
If you have a loan with Seterus and are wondering if we have any experience in doing business with them, the answer is yes. The transfer of loans from IBM to Seterus is very recent, but we’ve completed 3 or 4 short sales with them already. We’ve been doing business with IBM/LBPS for many years on short sales and we want to encourage you that if you have a circumstance with your home where you’re unsure if you can continue making payments, or if you are just wanting to know what your choices are, give us a call.
The last thing we want you to do is go out and let another realtor with not as much experience practice on your property. We have a great deal of information and experience in completing and closing short sales and we’re extremely confident in our process. We can deliver the kind of help that our clients are looking for.
If you are questioning if a short sale is right for you, please use our short sale calculator to help you decide if you should stay in your home or short sell it. Please feel free to contact us with any questions you may have regarding Seterus or any other lender that you may be working with. Group 46:10 is able and willing to assist with your specific situation.
Short sale FAQs and more.
Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona











