View available Broward County Short Sales for Sale by Clicking on the price range below.
Broward County Short Sales for Sale (Priced Low to High)
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| $100,000 – $299,999 | $300,000 – $399,999 |
| $400,000 – $499,999 | $500,000 – $599,999 |
| $500,000 – $699,999 | $700,000 – $799,999 |
| $800,000 – $899,999 | $900,000 – $999,999 |
| $1,000,000 and up | |
To sell your Broward County home as a Short Sale, Contact Tiffany today at 954-257-5030. As a Certified Distressed Property Expert, I am here to help you through this most difficult time.
Davie Market Report for December 7th. What’s Selling & What Sold in Davie Florida.
Davie Florida Homes for Sale – Listed With a Realtor®
467 Active Homes for Sale
110 Short Sales for Sale
15 Foreclosures (REO’s) for sale
Davie Florida Homes Sold Past 7 days- Assisted by a Realtor®
7 Closed Sales
2 Short Sales
0 Foreclosures (REO’s) Sold
Search all Davie Homes for Sale
110 Short Sales for Sale
15 Foreclosures (REO’s) for sale
2 Short Sales
0 Foreclosures (REO’s) Sold
You can’t afford your South Florida Home….Should You let it Foreclose? Simply, the answer is NO!
What’s the Difference between a Short Sale and Foreclosure? Are there any other options?
This is the burning question that many homeowners in South Florida are asking.
Should I just let my home foreclose or is there something that I can do to stop it. Well there is.
What is a Deed-In-Lieu of Foreclosure?
This is also known as a friendly foreclosure because the homeowner gives the deed back to the bank. This prevents the bank from going through the long foreclosure process. This is something that has to be negotiated with the bank. Normally, servicers require a borrower to make an effort to sell the home through a short sale before they agree to accept a Deed-In-Lieu (DIL). Deficiency judgment is not pursued. This is normally used in the case of one mortgage and no liens on the property.
I want to keep my home.
“But what if I want to stay in my home”? You ask….. “I’ve tried to get a Loan Modification and the bank keeps turning me down”. Well, a short sale is not your only choice.
New Hope for South Florida Homeowners!
The Treasury Department announced on November 30th the new housing guidelines that will affect America’s homeowners. This program is officially called the Home Affordable Foreclosure Alternatives Program (HAFA). HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac – both whom will be issuing their own HAFA versions within the next month. This is a part of the Home Affordable Modification Program (HAMP).
HAFA’s goal is to simplify and streamline the use of short sales and DIL (Deeds In Lieu) options by adding a few rules (43 pages of guidelines).
Foreclosure Alternatives
- Requires that borrowers be fully released from future liability for the debt (NO DEFICIENCY JUDGMENT)
- Allows the borrower to receive pre-approved short sale terms prior to the property being listed
- Provides financial incentives to borrowers ($1,500 for borrower relocation assistance), servicers ($1,000 to cover administrative and processing costs), and investors (up to $1,000)
- Provides alternatives for borrowers who are HAMP eligible
- Utilizes borrower financial and hardship information collected along with HAMP
- Prohibits servicers from requiring a reduction in the real estate commission agreed upon in the listing agreement.
Timeline
Effective April 5, 2010, however participating servicers may elect to implement HAFA prior to that date as long as certain guidelines and an agreement is signed by December 31, 2009.
Borrowers must be considered by servicers that are HAMP eligible within 30 days that the borrower requests a short sale or DIL.
Borrowers Must be considered for a HAMP modification and other retention programs offered by the servicer (lender) prior to being considered for HAFA.
Read the full short sale guidelines
Contact Tiffany at tiffany@tiffanylyoung.com or call me at 954-257-5030 if you want more information about avoiding foreclosure on your South Florida Home.
