St. Augustine Short Sales

What exactly is a short sale?

for sale sign short sale

A St. Augustine Florida short sale is a real estate transaction that takes place when a lender agrees to allow the borrower to sell their home for less than what the lender is owed. In most cases, the lender forgives the borrower of any debt that may remain after the sale.

Short sales have become more and more common over the past few years because of the U.S. economy’s current situation. Increased popularity has encouraged banks to jump on the bandwagon resulting in more efficient short sale departments and quicker approvals. In most cases, a short sale is the best way to help a homeowners avoid St. Augustine Florida home foreclosure.

How to Qualify

Not everyone qualifies for a short sale. A good rule of thumb is to understand short sales are ideal for homeowners who NEED to sell their home rather than simply want to. You must first prove to your lender that you are facing financial issues caused by some type of hardship. These include but are not limited to:

  • Job loss
  • Decreased income
  • Divorce
  • Relocation
  • Job transfer
  • Increased medical expenses


A short sale in St. Augustine offers many benefits to borrowers as well as lenders. In most cases, lenders
prefer short sales to foreclosures for a number of reasons.

  • First…a foreclosure costs a bank $58,000 on average.
  • Second…a high number of foreclosures on record looks bad to a bank’s investors.
  • Third…investors and servicers, as well as borrowers, can receive benefits for participating in and approving short sales through the HAFA Program.

Short sales benefit homeowners as well. Getting your home sold alone is enough benefit,
but it doesn’t stop there.

  • The short sale process costs borrowers NOTHING!
  • All of your closing costs are charged to your lender, including our commission.
  • My team and I are specialists in short sales and work well with lenders to help insure borrowers are completely forgiven of any debt that may remain after the sale.
  • After a short sale, you may be eligible to qualify for a new loan in as little as one year.

Call today to start the short sale process on your St. Augustine property!
We are waiting to help you.


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