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Florida Short Sales

Information relevent to the State of Florida, and how short sales may be specifically affected by Florida Laws. Florida short sale news.

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FHA VARIANCE

Started by Kathi. Last reply by Kathi Feb 7. 4 Replies

at what point in a short sale does the Lender order the FHA variance? Is it in the beginning process or when all docs are received and approved by the lender?Continue

Are loss mit options still available to homeowners after the Summary Judgment

Started by Allan Robinson. Last reply by Terry McCarley Dec 4, 2016. 1 Reply

I have a friend who is in foreclosure in Largo FL.  The final summary judgment is entered and the foreclosure sale is over 30 days away.  Can he still short sale the property??Thank you, AllanContinue

Closing disclosure

Started by Kathi. Last reply by Kathi Jun 13, 2016. 3 Replies

I'm running into a problem with a short sale lender who wants me to send him a Closing disclosure rather than the old HUD,  Problem is, only the lender is allowed to complete the CD.  Since the…Continue

Frustrated with inability to find a GOOD Short Sale Closing Attorney that is consistent

Started by Stephanie Lim. Last reply by Carl R. Krauss Oct 4, 2013. 5 Replies

I have had the hardest time trying to find a good, CONSISTENT short sale attorney to close the files (and assist on issues when they are needed).  Every time I think I have found a superstar and give…Continue

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Comment by Kristen Warren on December 26, 2016 at 7:12pm

Looking forward to closing many short sales 2017. They are a beast, but have to be facilitated to Closing. :-) It is definitely for the greater good. 

Comment by Wendy Rulnick on December 13, 2013 at 2:01pm

Nedy - I have not run into a homeowner telling me a "fast" Florida foreclosure story, yet.  I hope we get comments from others in Florida.

Comment by Nedy Blanchard on December 13, 2013 at 2:00pm

Thanks Wendy, I read the part about timelines and he is saying 5 months.  What are you seeing? It's in line with the one I just saw that took 4 months.

Comment by Wendy Rulnick on December 13, 2013 at 7:57am

Nedy - I have not noticed a change yet. Here is a good blog by Richard Zaretsky about the Florida foreclosure timeline changes.

Comment by Nedy Blanchard on December 10, 2013 at 10:53am

Florida Fast Track Foreclosure....since its implementation have you noticed if the timeline is actually shorter than before? I just saw one today, lis pendens filed in April 2013 and foreclosed August 2013.  That's 4 months!

Comment by Gabe Sanders on March 26, 2010 at 11:52am
Thanks Katerina. I wasn't too sure about that.
Comment by Katerina Gasset on March 26, 2010 at 11:13am
Gabe- The court does not have to agree. The trustee can make that determination. I am not an attorney and I am not giving legal advise.
Comment by Katerina Gasset on March 26, 2010 at 11:13am
Kim- we do short sales for those in bankruptcy all the time. In fact, we are carving out a bit of a niche in that area. We just had a listing for over 2 years now with Countrywide/aka/BOA where the second lien holder is Etrade- the worst!- and after the first year of going through numerous offers and Etrade not budging- our sellers filed bankruptcy, not just because of the house, but they made too much money for a Ch7- so their bankruptcy attorney had to take the house out of bankruptcy filing, we still worked the short sale, then Etrade would not deal with us until after the discharge even though they were pulled out of the schedule. What their attorney is going to do is have us close on the short sale and then take their deficiency and put that into the bankruptcy because that will fall within the amendment period. We are finally after 2 years getting close to resolve.
Comment by Gabe Sanders on March 26, 2010 at 9:02am
Kim,
You'll need to contact the Bankruptcy trustee and have them sign off on it. It should be OK to take the listing but the bankruptcy may complicate it a little as the trustee will need to have the court agree to the sale. - Disclaimer here that I'm not a lawyer and I may not know anything about this. :-)
Comment by Kim Dove on March 26, 2010 at 8:47am
Just so that I am clear.......Is it feasible to proceed with a short sale for a customer that has just filed for Chapter 7? My customer says she did so after advise from her bankruptcy attorney but now she wants to sale her homesteaded property. Would it be ok to take the listing?
 

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