Why should I choose a short sale in Jupiter Florida

by Rodney Forbes on September 26, 2012

West Palm Beach Short Sale RealtorThe short sale process in Jupiter Florida can be a long tedious process, but upon completion, will show its true benefits. Depending  on the state, and whether the short sale was a traditional short sale or the HAFA short sale, a homeowner will be forgiven  the deficiency after the short sale; meaning you will not be required to pay the difference. With a foreclosure, you will be addressed with fees and many years of “foreclosure” lingering to your credit.

Short sales have been helping homeowners avoid foreclosure since the housing market started taking its fall back in 2007. Short sales are becoming popular because of the small impact it has on a homeowner’s credit. A foreclosure in Jupiter, FL can make it almost impossible to qualify for a loan for seven years, while a short sale can recover in as little as two years. Short sales can be a lengthy process, but with the help of a short sale specialist, you won’t have to worry about negotiating to constant communication with the lender. The service of a short sale specialist is free to the homeowner and is just another plus to opting for a short sale.

Short sales offer incentives to the qualifying homeowner to help with relocation fees. The Home Affordable Foreclosure Alternative government program will offer $ 3,000 cash back after the short sale. A short sale in Jupiter can also benefit the lender by helping them to avoid a costly foreclosure; the lender understands their loss with a short sale, but also understands their gain of avoiding foreclosure.

With the housing market still trying to make its recovery, buyers are still looking for a good deal and homes being sold as short sales in Jupiter could  be the deal they are looking for. Sometimes many buyers can come and go during a seller’s short sale, but that is why it is important to have a competent short sale specialist from the start, to make sure your house is “buyer friendly” and all of the requirements asked by your lender are met.

**Rodney Forbes is a Realtor® and registered broker with Forbes Realty of South Florida, based in West Palm Beach Florida. Rodney and his team work in Palm Beach, Broward, Martin and St. Lucie Counties. As a recognized expert on short sales, Rodney has been featured on radio and national web conferences for agents. Rodney has also authored the book “Should I Short Sale My Home?”

Forbes Realty of South Florida also specializes in REO asset disposition. Rodney works with several banks and asset managers in the Palm Beach County area. Rodney is the main author for the popular real estate blog South Florida Real Estate Report. You can find a wealth of information regarding bank foreclosures, short sales, real estate news and local real estate trends.

For more information, please call Rodney at 561-337-4810 or email Rodney@ForbesRealtyOnline.com

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