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We Will Help You Save Your Home. Alejandro E. Jordan, P.A. is a South Florida law firm where each client is treated as an individual, not a number. If you are stuck with mortgage payments you cannot afford, we may be able to help. As millions of homeowners have become saddled with unaffordable mortgage payments and no longer have the ability to refinance into a new loan, there may be a solution: Short Sale. If you have tried to contact your lender and they have told you time and time again that you don't qualify for a Short Sale, call us Toll Free at (888) HOPE-005, we may be able to help! Miami-Dade office location: 3006 Aviation Avenue Suite 3C Coconut Grove, Florida 33133 |
Find the solution that fits your needs.
What is a Short Sale?
What is a Short Sale? A real estate short sale is when the your mortgage bank/servicers investor has agreed to take less than what is owed. One of the reasons banks are allowing people to short sale their homes is because of programs like the Making Homes Affordable program/ Home Affordable Foreclosures Alternative or HAFA. Created by the government, the HAFA short sale homeowners sell their undervalued or underwater homes waiving all deficiencies and even provides relocation assistance funds to help them move.
What Are Short Sale Incentives?
Short sale incentives were created to help homeowners who are in default sell their homes. These cash incentives put forth by your bank/servicer, The Government (HAFA Short Sale) and other agencies. The Short Sale incentive is used to entice you to list and sell your property rather than allow it to go to foreclosure. For instance if you qualify for a HAFA Short Sale the Government allows you to receive $3,000 from the sale proceeds so that you can relocate, they call this Crelocation assistance funds
Principal Reduction
In today's market, there is a more room for flexibility and negotiation than ever before. In years past, many lenders were reluctant to approve principal reductions or short re-finances, holding fast to their traditional notions that a homeowner shouldn't "benefit" or be able to continue to own the property if the lender is paid less than they are owed on the debt, but as the economy continues to spiral downward, we are seeing a heightened interest from lenders. Example: a homeowner owes $500,000 on their first lien, but the appraised value of the home is $380,000. In this scenario the homeowner would re-finance the property based on its current (lower) value, and we would negotiate with the current mortgage lender for that lender to release their lien and satisfy the loan by accepting the proceeds form the re-finance, which are less than they are owed.
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