A real estate short sale is the sale of real estate in which the proceeds from selling the property fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the full amount of the liens.

For homeowners wishing to short sell their property, the process can be overwhelming. It is important that you work with professionals who understand the short sale process. Brokers Title has teamed up with a fully licensed Mortgage Broker Business compliant with the guidelines for short sale processing and negotiation. Florida Short Sale Negotiators will help you through every step of the process working closely with Brokers Title and your Realtor.

The Short Sale Process

  • File is submitted to Florida Short Sale Negotiators.
  • HUD is requested and generated by Brokers Title.
  • File is set up in the tracking system and passed to a processor for submission.
  • Realtor and home owner are notified of any missing documents or other items.
  • File is submitted to the lender(s).
  • File is followed up on and worked at least twice a week and updates are sent weekly to buyers agents.
  • BPO or appraisal is completed. Realtor will be the point of contact for this activity and you will have the opportunity to meet with and discuss the valuation with the Realtor or Appraiser.
  • Negotiations occur with The Florida Short Sale Negotiators team and the lendor(s). HOA or other liens are negotiated down to help meet the lender net requirements.
  • Any deficiency or other issues are discussed with home owner or lender(s).
  • Approvals received and forwarded to seller for final review.
  • Closing is scheduled.
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