Posted in florida, foreclosure, homes, land o lakes, loss mitigation, moving, pre-foreclosure, real estate, realtor, relocation, selling, short sales, tampabay

Another day in paradise: Selling

Selling a Short Sale home is an investment in time, money and patience. Simply stated, a short sale home occurs when the present owner’s mortgage company (the lender) has agreed to accept a pay-off that is less than is owed on the mortgage. The Lender will agree to do this because foreclosure will cost the Lender up to $50,000 in legal fees and the result of the foreclosure is that the Lender now owns the property – which is not what the lenders want. Once the Lender owns the property they have on-going maintenance fees of approximately 1% of the original mortgage amount. Consequently, the Lender will agree (reluctantly) to a short sale. If you are an owner considering a short sale, get advice from a realtor experienced in working with the lenders to negotiate a short sale at the most favorable price for the owner/seller. In today’s market it is not unreasonable to expect the lender to accept a payoff of 75% of the total mortgage amount. This can be negotiated lower based on the state of the market in a specific community, the number of foreclosures/short ales in the community and the condition of the property itself. As experienced short sale negotiators, we know what information is required by the Lender, how to package that information and how to deal with the lender to secure the best possible result for the owner/seller. For more information regarding your own property send us a note at or visit our website.



Introducing Sheena and Bob Murray, Realtors Experts in domestic and international relocation and investment Sheena is from the Scottish Highlands, educated in Wales and lived in Surrey and Sussex in the South of England. Coming to the US for a one-year visit, she met Bob and has extended her stay by some 30 years. Married in England, Sheena and Bob settled in Minneapolis, Minnesota. Since then they have lived in Boston, Geneva, Switzerland, Amsterdam, The Netherlands, Houston and, finally Tampa. Sheena and Bob have two children, Ian and Fiona. Married, Ian lives in Seattle, Washington with his wife Gulay. Ian is a rocket-scientist working for Blue Origin. Fiona is married to Danforth Johnson and lives in Iowa City, Iowa with their two sons Roan and Tristan. Fiona is an Emergency Medical Technician (EMT) and Paramedic. While in Boston, Sheena was in Real Estate and General Contracting. Buying older homes, she renovated and sold them with several properties in varying states of re-construction at any one time. Consequently, Sheena has a keen eye for Real Estate value and potential as well as detailed experience in how to improve and/or evaluate properties structurally and cosmetically. Sheena sees all the possibilities and can make specific interior and exterior recommendations - from essential to aesthetic including landscape gardening. Sheena is an Accredited Staging Professional (ASP). Having moved to Tampa in 1998, Sheena has continued her career in Real Estate. In 2000, Bob joined her bringing his experience in sales, marketing and communications gained from his career as a senior executive in international sales and marketing for DEC, AT&T and Compaq. Having made more than a dozen moves domestically and internationally, Sheena and Bob are personally and professionally knowledgeable about the entire relocation process – from first meeting to moving day. Sheena speaks French and Dutch. Sheena holds the prestigious Certified International Property Specialist (CIPS) designation and joins a worldwide network of global real estate practitioners with certified expertise working with international clients and is an accredited member of ERA’s International Collection of Fine Homes. Before joining ERA Dennis Realty & Investment Corporation Sheena and Bob were awarded the Prudential’s Chairman’s Circle Gold Award placing them in the top 3% of all Prudential Realtors in the world. They were named ERA Dennis’ Top Team for 2007 and 2008. Bob has recently completed several detailed courses on foreclosures and short sales and is an accredited short sale specialist. Sheena has completed the USAA Movers Advantage Training Program as she continues to increase her relocation services capability. Whether it’s Buying or Selling, Resale or New Construction, with their knowledge of the Tampa Bay area and superior customer service, Sheena and Bob will help you meet your real estate goals efficiently, painlessly and with a happy spirit.

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