Articles tagged with: foreclosure help south Florida
South Florida Short Sales »
Will the Foreclosure Payouts Really Help Homeowners in south Florida?
$25 billion seems like a lot of money to go around but don’t think it is really going to help too many homeowners in south Florida.
A large chunk will go to 750,000 people who have already lost their homes- but they will get less than $2,000 each. A nice little present, but it’s not going to change anyone’s housing situation.
Another one million homeowners who are underwater are expected to get a principal reduction of around $20,000. Again, is that going to …
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Knowledgeable, personable and upfront. There is no challenge to big or too small for these professionals, they go the extra mile.
I can honestly say that my experience with Shirley Wise at Belrose Properties is excellent. They know ALL T HE INS AND OUTS OF SHORT SALES. They are forever keeping themselves ahead of the curve. In my opinion, they are short sale “gurus” of South Florida. I have learned a lot from them. They have successfully negotiated one of my properties and are currently working on my others which, unfortunately, …
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Benefits of a Short Sale Compared to a Foreclosure
Factor
Short Sale
Foreclosure
Effects on your Credit
The short sale will only affect your score by 30-50 points on average. The late payments are what cause your credit score to plummet. Each missed payment can lower your credit score by 30+ points. A short sale is a SALE and in many cases shows up on your credit report as lien satisfied or paid in full.
In the real world, unless you pay cash for everything, your credit score is the most important asset you have. …
