As a Real Estate Consultant, I recognize that my business is based upon referrals and referrals
are based upon satisfied customers. Therefore; my goal is to get you the best value for your money, while making the
process of buying or selling your property as stress-free as possible.
Estate Brokers of Florida, Inc. is a full service real estate company
specializing in the sale of new homes, condominiums, property
resales and real estate auctions. Our company also works closely with area builders, property management firms, title
companies and lenders enabling us to provide buyers the convenience of a comprehensive real estate services
firm.
Visit our US41 office located at 2301 Tamiami Trail North, Suite H, Nokomis, FL or call
to speak with one of our agents at 941/918-8000.
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Client Recommendations
I found working with Bonnie to find my "dream home," much easier than I
first anticipated. I had heard how difficult it was to find "affordable" real estate in the Port Charlotte/North Port
market. I presented Bonnie with a list of "must-haves" and most importantly, the price range I wanted. Undaunted,
Bonnie appeared with a viable list of properties, all within my requirements; we found a home with a week.
What impresses me most about Bonnie is her ability to listen, understand
and produce properties within my framework. She not only did not try to "up" my buying price, but offered properties that
were well worth our visits. Bonnie's suggestions and observations made my search that much more pleasant. I found
not only a good friend, but a great agent!
Sandy Gwynn
North Port, Florida
Short Sale Basics
A short sale is the sale of a property, by a financially distressed owner facing foreclosure,
for less than the outstanding mortgage balance.
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Requires the consent and approval of the mortgage holder
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Seller must meet lender's hardship criteria and provide lender with financial documentation such
as tax returns, bank statements, wage statements, financial statements (if self-employed) and reason for hardship
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Seller cannot profit in anyway from the sale of the property
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Listing agreement showing the property for sale at the current market value must be forwarded
to the lender
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Property is usually sold in "as is" condition
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Contract to purchase the property must be approved by the lender
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Requires buyer to have proof of funds if paying cash and pre-qualification letter, if financing
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Should sale proceeds not cover amount due on loan (deficiency) the lender may write-off the deficiency,
ask the seller to sign a note for the deficiency, and send the seller an IRS 1099 form reporting the deficiency as income
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Requires PATIENCE
Short sale requirements vary from lender to lender, the above items are the most common required
by most lenders. For more information, please call me at 941-441-5354 or email me at bjcaudill@verizon.net
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