Florida and indeed Orlando is facing an epidemic of foreclosures caused by the real estate bubble and now unemployment and over the next 2 years things will not get any better with the resetting of Option ARM’s . Options ARM’s are mortgages which basically work like a credit card and people could make up to 4 kinds of different payments, such as a minimal maintenance payment, an interest only payment, a pre-payment and a full amortizing payment. With most people making the minimum maintenance payment all these mortgages are up-side down and the default rate is very high. Gitta specializes in helping sellers to get out from under these mortgages by short selling the home. Over the past 2 years I have helped many home owners, here are some of them www.1-2-3-foreclosurestopped.com . The reason a seller is doing a short sale verses letting the home go into foreclosure is
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helps the credit score
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You can buy a home again within the next 3 years,
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It provides for a negotiated settlement,
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It preserves higher home values compared to a foreclosure
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It reduces the foreclosure impact on neighborhoods.
There are many benefits to do a short sale verses a foreclosure and Gitta Urbainczyk P.A. is a real estate professional and not a CPA and an attorney, and you should check with your CPA and attorney before you do a short sale. Gitta Urbainczyk P.A. is a 22 year veteran real estate agent, a short sale specialist, with Keller Williams Heritage Realty located at 100 Waymont Ct. #110 in Lake Mary, Fl or you can call her at 407-330-2181 or the e-mail is Gitta@gitta.com. Let me and my team help you in the short sale of your home.
