 Welcome to Miguel Flores Home page, your source for Florida real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
I specialize in Short Sales in Florida. A Short Sale is an "equity deficient" real estate sales transaction. The contract for sale exists between the Buyer and the Seller, but requires navigation of complex bank approval processes to proceed to settlement.
A Short Sale becomes necessary when the market value of the home has fallen below the amount owed to the bank and the seller doesn't have the funds to pay the difference.
Saving a homeowner from foreclosure is a complex transaction. It requires a highly trained professional to represent your interests, find the buyer, negotiate with the bank, coordinate closing and your next move.
All banks will require that to complete a short sale in Florida, the property "must" be listed by a licensed Realtor.® When considering a "Short Sale" in Florida as your best option, understand your needs for a successful transaction. Your financial future will depend on the dedication, skill and abilities of your Florida Short Sale team. Choose carefully.
You need a skilled negotiator. The seller’s agent must then work closely with the bank officials to propose and negotiate a settlement agreement where the bank will accept less than the total amount owed as satisfaction of the seller’s loan repayment. This process requires specific expertise in structuring and mediating the transaction between the buyer, seller and the bank(s).
You need a Top-Marketing Realtor® The home must be properly priced, properly prepared, staged, and properly marketed and promoted . . . from day-one. The buyer must be thoroughly evaluated, their financial performance qualified and verified. Every step of the buyer's financing must be constantly tracked and monitored.
You need an experienced expert. There are volumes of forms and documents that must be collected and organized for evaluation by the Banks’ loss mitigation departments. It is critical that all of the banks’ requirements are met promptly. Incomplete or missing data and forms will result in delays and more often an otherwise unnecessary foreclosure. This process typically takes 1 to 2 months of regular negotiation between the agent and the bank(s).
You need someone you can TRUST. Many real estate agents claim “short sale” expertise, just to get your listing. Those agents don't realize or care that you are depending on them to save you and your family from the horror of foreclosure. It is because of these careless agents that more than half of all Short-Sale transactions fail to be completed and you, the seller, are literally thrown into foreclosure.
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Miguel Flores
954-483-1787
mflores@srgrealestate.net
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