You must be really good at catching the CURVE BALLS of Short Sales if you want to survive.
Sometimes I wonder if I would love doing Short Sales if there weren't for the curve balls. I wonder what that says about me?! It must be the challenge that I love; the point at which you come to a screaching halt in the Short Sale approval process when somebody or something says "no".
Well, it has happened on a recent Short Sale here in Coral Springs. I had received written approval from the Seller's Lender for the sales offer, the Buyer's inspection was completed, the Buyer's appraisal was completed but oh, wait a minute....the appraisal from the Buyers Lender undercuts the sales price. Yes, not so smooth sailing. So back to the Seller's Lender with a new estimated HUD and market analysis to support the Buyer's Lenders appraisal. Recent sales in a ever declining south Florida market lowered the fair market value. Seller's Lender orders a new BPO to verify new appraised value provided by Buyer's Lender. So back to waiting.
The Seller had begun to pack up, the Buyer was counting the days to get into their lovely new home and WAIT....Oh, how I love the ever challenging Short Sale.
Call or email me now for a free consultation: lynnp@ImagineYourHouse.com Phone # 954-464-1100
The more you know, the better prepared, the better the outcome.
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Sunrise to Southwest Ranches in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor and CDPE Certified Distressed Property Expert ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor
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I recently earned the designation of CDPE - Certified Distressed Property Expert.
I have chosen to do all that I can to help out the distressed homeowner save their home from foreclosure; I do this by listing their home for sale as a Short Sale and selling it prior to the home being foreclosed on. I do not charge any fees up front to get the home sold as a Short Sale as I earn my commission that the homeowner's Lender agrees to pay at closing.
I have had a great rate of success in all of my Short Sales as I know what needs to be done to have the Lender approve the Short Sale.
If you find yourself in such a situation, please take the time to call me or email me for a consultation as I'm here to help you get on the road to recovery.
Also, please review a nunber of my blog posts that address the Short Sale subject:
Chapter 5 Short Sale Negotiations
Chapter 3 Short Sale Selling your home
Chapter 2 Short Sale Qualification
Chapter 1 Short Sale Do you qualify
Call or email me now for a free consultation: lynnp@ImagineYourHouse.com Phone # 954-464-1100
The more you know, the better prepared, the better the outcome.
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Sunrise to Southwest Ranches in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor and CDPE Certified Distressed Property Expert ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor
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Answer: Sell your home as a Short Sale.
Does it seem like you are just barely hanging on?
Consider a Short Sale, a Short Sale is when your Lender agrees to accept less than what is owed on your mortgage.
To give you a better idea of my promises and what I do to help my customers, please read below what one of my customers said:
"I think I found the best Realtor on the planet and her name is Lynn Pineda!
When we decided to list our home with a Realtor, I did some serious searching for just the right person to help us. We were in a short sale situation. From the moment I first spoke with Lynn, I heard something different that I hadn't heard from other Realtors. Passion. Her passion for her job is amazing. She doesn't give up. She's persistent, compassionate, organized, conscientious, and thoughtful. If we had questions, she had the answers. She returned phone calls and responded to e-mails with lightening speed. She worked so hard for us, and kept me calm throughout the whole process. For all of you selling homes in this slow market, you know how stressful it can be. In football terms, Lynn was like a lineman to my quarterback. Linemen are the largest and strongest players on the field. (She's petite, but don't let that fool you!) She completely kept the "bad guys" away from me so I could concentrate on my job and my life outside the short sale.
In closing, it is our pleasure to endorse Lynn Pineda. We are thankful for her expertise and knowledge during this difficult time of selling our home in a short sale. Regardless if you're buying or selling, we hope you'll have an opportunity to know her and find out for yourself as we have. Lynn is genuine, and she's out there to help you."
Sincerely,
Diana and Adam
Visit my websites and blogs for more information on short sales and how I work for you:
Call or email me now for a free consultation: lynnp@ImagineYourHouse.com Phone # 954-464-1100
The more you know, the better prepared, the better the outcome.
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Sunrise to Southwest Ranches in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor and CDPE Certified Distressed Property Expert ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor
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So How do you think you did? Do you know Short Sales like I do?
TRUE: A Short Sale will lessen the adverse effects to your credit and put you in a more favorable buying position for the future. In fact, FHA guidelines will consider a Short Sale borrower within two years of having the Short Sale. We all know how fast two years can fly by.
2. I must be late on my mortgage payment to qualify for a Short Sale. True or False?
FALSE: These seems to have been commom practice some time ago, however Lenders no longer demand that you miss your mortgage payments to qualify for a Short Sale. It is the demonstration of a hardhip that your Lenders are looking for.
3. Using a Realtor that has been in Real Estate for years and years doing traditional Real Estate transactions can do just as good a job if not better than a Realtor who specializes in Short Sales. True or False?
FALSE: There's no denying that a Realtor who has been in the business for years and years is knowledgeable about Real Estate. However, it is not a given that they know how to effectively handle a Short Sale for success. A Realtor who has demonstrated the knowledge of Short Sales with successful closings will far succumb to a Realtor's years of Real Estate experience. Short Sales is a whole new arena within Real Estate and having someone knowledgeable to support you will determine your success rate in avoiding foreclosure.
4. I must be living in my home for my Lender to allow me to sell my home as a Short Sale. True or False?
FALSE: Similar to #2 above, this used to be the norm with Lenders. However, they have loosened this requirement and it is no longer a requirement for all Lenders. Again, demonstrating hardship is key.
5. I must pay the Realtors commission in a Short Sale. True or False?
FALSE: You do not have to have the money to pay your Realtors commission. Your Lender will approve the amount of commission to be paid to your Realtor and that amount will be reduced from the Purchase price of your home at closing.
6. My Lender will not allow any Seller contributions towards the Buyers closing costs. True or False?
FALSE: It is all about what the Lender will net and if there is room for your Lender to meet their net requirement, then they will authorize a seller contribution. It's all in the numbers.
7. I cannot sell my home as a Short Sale if I'm past due on my Homeowners Association fees. True or False?
FALSE: When you sell your home as a Short Sale, an estimated settlement statement (HUD-1) is prepared to let your Lender know of all the costs associated with the sale. If you are behind on your Association dues, then the amount you are past due will be included on the HUD-1 and your Lender will approve to pay them, thus reducing their net amount from the purchase price. This is quite common and is more often than not, approved.
8. I can pretty much guarantee that I can buy a Short Sale home from a distressed Seller for way below fair market value as the Lenders are taking anything my friends say; say 50% below. True or False?
FALSE: Just get this thought right out of your head. Lenders will look at a fair market value range to determine the purchase price that they will approve. Know that your friends are giving you bad advice. Your offering price must be within a fair market value (FMV) range and how far away from this value, what percentage from FMV is determined by the Seller's Lender.
9. According to HUD, if I had an FHA appraisal on my home completed 6 months ago in a pre foreclosure sale, they will not do another appraisal even if fair market values have declined. True or False?
FALSE: Not too long ago I wrote a post on this very issue, however since that posting I have gained the knowledge that this isn't true. According to HUD letter 08-43, a new appraisal can be ordered to ensure that the most current FMV is used for a preforeclosure sale even if an appraisal was completed within the 6 month period.
10. An FHA Appraisor completed an Appraisal on my home; too bad my Realtor can't be provided with a copy of it. True or False?
FALSE: Dont' let your Lender tell you this. FHA does allow the appraisal to be provided to the Sales Agent. Ask for it. Don't let them pull the wool over your eyes.
11. I have a lien on my home and I don't want to tell my Realtor about it as I'm just so embarrased about all of my delinquencies. I hope he or she doesn't find out as it won't matter anyhow. True or False?
FALSE: This is one of the worst things you can do as a homeowner. It is critical that your Realtor is aware of all deliquencies so he or she can be sure to include them on the estimated HUD-1. If you have any type of liens against your home and they aren't found out until closing date, you can kiss your closing goodbye. Your Lender must know of everything when the offer to purchase is submitted to them. This ensures that they know what their net will be. Trying to get them to further reduce their net once they have approved an amount is not left for the timid; it's tough to get through.
12. Using a Short Sale Company to handle my Short Sale is better than letting a Realtor handle it; after all you pay for what you get and having to pay $1200 upfront has to be a sign that they know what they're doing. True or False?
FALSE: Having to pay a fee to a Short Sale company does not guarantee success. What you must consider when selecting someone to handle your Short Sale is their knowledge; do they know what they're doing. Having to pay a fee up front doesn't guarantee that. I do not charge any fee and have been very successful at a high closing ratio. Many do charge a fee. It is your choice whether or not you pay an upfront fee. Just know that because you do will not guarantee a successful closing. It is your decision whether or not to pay a fee. You must be comfortable in the choice you made.
The more you know, the better prepared, the better the outcome. Got something that you'd like addressed, just let me know!
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Sunrise to Southwest Ranches in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor
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Avoiding foreclosure is the talk of the town; you can't ignore it's presence and the vast numbers of homeowners who are being affected by the threat of foreclosure. There are experts everywhere ready to lend a hand. How do you know who can help you to avoid foreclosure by selling your home as a Short Sale? What are the lies and truths about Short Sales? Test your knowledge by taking the Short Sale Quiz below.
Check back in an upcoming post to test your knowledge of the Short Sale Real Estate Market. How well do you think you did? You'll be surprised at some of the answers, I'm sure!
The more you know, the better prepared, the better the outcome. Got something that you'd like addressed, just let me know!
I serve Coral Springs and the surrounding cities such as Coconut Creek, Parkland, Sunrise to Southwest Ranches in Broward and Dade and Palm Beach Counties of South Florida as your dedicated Realtor ready to work for you. I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!
Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor
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As your Realtor and a long time Coral Springs FL resident, you can count on me to work hard for you & receive the service that you expect whether you're selling a home or buying a home. CDPE
Coral Springs Florida Real Estate is full of great things for homeowners. I love being a Realtor and couldn't think of doing anything else.
I'm very passionate about being able to truly help someone get what they want in life knowing that I did my best for them never sacrificing integrity to reach a goal. I will always feel good knowing that I did the right thing. Your real estate solution must be unquestionable knowing that your needs were foremost. Next to helping my clients achieve their goals, I hope that you are so thrilled with the service that I provided to you that you will want to recommend all your friends and family to me. When you think of a great Real Estate experience, I want you to think of me!
My prior business experiences has always included sales. Before joining the Real Estate Industry I was a dedicated Sales Professional selling investments in the Financial Markets as a Financial Advisor. I achieved a lot in my career as a Financial Advisor, yet it lacked something. That something I found in Real Estate and there's been no turning back.
My educational background includes having received a Bachelors in Business Marketing and an Associates in Design Merchanding; perfect partners attributing to my Real Estate success as your Coral Springs Realtor.
Coral Springs FL Real Estate helping Sellers and Buyers with their homes. I, Lynn Pineda, lived here in Coral Springs Florida and South Florida since the early 80's. Coral Springs is an wonderful town to live in with all it has to offer. I live here with my husband and son and truly love my family. I can really appreciate what ones home means to a family. So many lasting memories occur in our homes - memories that last a lifetime. To be a part in finding someone their home to create memories in is a very satisfying job; in fact, I can't call it a job as I really love helping people to buy and sell their homes.
I work with all type of homeowner's and their Real Estate needs; home buyers, home sellers and a special focus on distressed home sellers and Short Sales. As a Realtor and Certified Distressed Property Expert (CDPE) here in Coral Springs and surrounding cities of Coconut Creek, Parkland, Tamarac, Sunrise and Plantation, I've also chosen to actively help homeowners who are facing foreclosures in south Florida's real estate market; if this is you, please don't hesitate to give me a call. If I'm able to help homeowners during this difficult time, I know I'll feel good knowing that a difference was made.
It's also a very exciting time for First Time Home Buyers - the opportunities are wonderful; simply take advantage of one of the foreclosures or short sales in the market. I take pleasure in helping First Time Home Buyers find that perfect home to settle into and begin making new memories that will last a lifetime.
Homes can no longer be sold by simply putting a sign in the front yard and advertising on the MLS. An aggressive marketing plan is critical in getting a home sold in today's market. I offer my Premier Marketing Package that offers advanced internet strategies. I also understand the extreme importance of communication and keeping you informed along the way.
Also, being a part of the team at our Keller Williams Realty office, you'll have our entire staff backing your success. We feel that it must be a Win-Win or no deal.
Why Keller Williams Realty
There is a reason more and more agents are making the change to Keller Williams Realty. Here's why it matters to you :
Knowledge
Powerful curriculum through Keller Williams University keeps us ahead of trends, tools and advancements in the real estate industry.
Speed
Leading-edge technology solutions accelerate our efficiency and productivity.
Teamwork
Contrary to other real estate companies, Keller Williams Realty was designed to reward agents for working together - to serve clients better.
Reliability
Keller Williams Realty was founded on the principles of trust and honesty, emphasizing the importance of having the integrity to do the right thing and always putting the customer's needs first.
Success
Keller Williams Realty is the fastest growing real estate company in North America.
When you offer a superior level of service, the word spreads fast.
As part of the Keller Williams Realty team, I look forward to providing you with a phenomenal real estate experience!
Serving: Coral Springs, Coconut Creek, Parkland, Sunrise, Tamarac and other Broward county cities.
I think I found the best Realtor on the planet and her name is Lynn Pineda! When we decided to list our home with a Realtor, I did some serious searching for just the right person to help us. We were in a short sale situation. From the moment I first spoke with Lynn, I heard something different that I hadn't heard from other Realtors. Passion. Her passion for her job is amazing. She doesn't give up. She's persistent, compassionate, organized, conscientious, and thoughtful. If we had questions, she had the answers. She returned phone calls and responded to e-mails with lightening speed. She worked so hard for us, and kept me calm throughout the whole process. For all of you selling homes in this slow market, you know how stressful it can be. In football terms, Lynn was like a lineman to my quarterback. Linemen are the largest and strongest players on the field. (She's petite, but don't let that fool you!) She completely kept the "bad guys" away from me so I could concentrate on my job and my life outside the short sale. In closing, it is our pleasure to endorse Lynn Pineda. We are thankful for her expertise and knowledge during this difficult time of selling our home in a short sale. Regardless if you're buying or selling, we hope you'll have an opportunity to know her and find out for yourself as we have. Lynn is genuine, and she's out there to help you. Sincerely, Diana and Adam *************************************************************************************************************
If you are reading this testimonial, then you are probably considering putting your home up for a short sale, or even worse, letting it fall into foreclosure. And if you are reading this testimonial, you are probably considering whether or not to utilize Lynn Pineda as your realtor. The answer to that question should be "Absolutely!!" I had no choice but to put my home on the market in hopes of completing a short sell in January of 2009. This was one of the hardest decisions I've ever had to make and by far one of the most stressful ones. The real stress didn't start until the process finally began, and believe me it is a lengthy one. ***************************************************************************** Wow. I still can't believe it. You have no idea how grateful we are for your help Lynn. We are so happy we found you because now we know we could have never done this without you. Your persistence was what made this happen. Should you ever need a reference, we would be more than happy to help you with that or anything else you might need. ***************************************************************************** Hi Lynn, I wanted to take a moment to thank you for the exceptional service that you provided to us on the sale of our property in Coral Springs. With the difficult economy and the numerous other obstacles we encountered, this was clearly not the typical real estate sale. Through it all you were enormously hard-working and helpful. Between locating contractors, handling repairs and dealing with a less-than-cooperative homeowners' association, you really did it all for us. We are genuinely appreciative of the significant effort that you put into selling our property. If we find ourselves with property in your area again, you are the first call that we will make! Thanks again for everything. Regards, Mike Murphy Michael R. Murphy ● Executive Vice President/COO ● Motorola Employees Credit Union *****************************************************************************
My husband and I recently worked with Lynn Pineda for the purchase of a condominium in Broward County. Our experience was great! Lynn is a friendly and competent professional. She is quite knowledgable in the area of distressed sales.
To anyone who may be thinking of using Lynn Pineda for their real estate needs please read the following testimonial
Recently I went through some tough times. I was taking care of my mother who had just undergone a cancer transplant and then had a stroke. I had also been in a financially destructive relationship which left me with nothing but foreclosures and debt. All my mortgages had fallen behind with the market changes, and all my properties were nearing foreclosure. I actually discovered Lynn Pineda through my search online for a short sales specialist. I called and left her a message, and she returned promptly and answered all my bombarding questions very kindly and professionally. I had a condo in Sunrise that was my first home I ever purchased-and I was so sad to see it go. I asked Lynn if she could manage a short sale on it even though we had already received the foreclosure papers for it. She said absolutely. All throughout the short sale process, Lynn was great about following up, answering all questions, and being professional and polite. She managed to sell my condo, and is now finishing up on a short sale for my mother as well on her condo. I could not have asked for a better person/agent to take care of my short sale than Lynn. She even recommended a good financial attorney to help me with my financial troubles as well. It's funny, but we almost consider her as family now. I would without hesitation recommend Lynn to anyone I know. Thanks so much Lynn, you rock. Sincerely, Jill H.
I couldn't have hoped for a better, more compassionate professional guiding me through this process. I know I was very difficult, demanding, and high maintenance at times. Never once did Lynn loose her patience, professionalism, and motivation to successfully complete this closing for me. In fact, the closing was delayed for several reasons, several times (which is very common) and Lynn never backed down or gave up even when I felt it was never going to happen. There are many so called "Short Sale Specialists" out there. Unfortunately, many are not and many have never even completed a short sale closing. Lynn is a competent professional and "Master of Her Craft" and truly knows how to attack these complicated closings in this most challenging of economic times.
Lynn Pineda will be at the top of my list when I finally decide to buy or sell a home again in the future, and she should be at the top of your list now.
Thank you Lynn!!
R. Eisenman
Because of you, we now feel we can move forward with our lives and start a family of our own. :)
Thank you again so very much from the bottom of our hearts!
With Warmest Regards,
Cathy & Alex
Lynn provided outstanding service. I would recommend Lynn and will definitely call her the next time we look for a property in South Florida!
Dee Mooney
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Thank you, Lynn, for taking the time to let us know the end result. If only every other Realtor out here was as committed to your level of communication our business would be a hell of a lot more enjoyable. - Rick R.
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We were very impressed with the thorough research you carried out, the excellent advertising and the hassle free manner in which the transaction was done.
Very best wishes for the future with your chosen career, which on the evidence of our experience, should indeed be very successful.
Yours sincerely,
Jack & Clodagh Kirwan
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