jueves, 6 de septiembre de 2012


Short Sale is an option for the homeowners who are having an economic or financial hardship which prevents them to honor their debts and that know they just want to walk away from the house.  Negotiating a short sale with the bank or mortgage lender consist in applying for the approval of selling the real estate for less than the amount of money owed to the bank and/or less of the balance of debts secured by liens against the property.  In consequence a deficiency or unpaid balance will remain. Pre-approved short sales terms before listing their properties, fully released from future liability for the first mortgage debt, up to $ 3,000 for borrower relocation assistance and exclusion of income for taxpayer on discharge of debt on their principal residence are incentives provided by programs as HAFA AND MDRA. 

This process is an alternative to foreclosure because alleviates from a prolonged stress to homeowners and additional fees and cost to all involved parts. However it’s a very complicated negotiation process, with so many interested parts involved   (primary mortgages, junior liens holders, HOA), with different levels of approval. There are a lot to consider before taking this decision; is a long process and seller’s credit score will be negative affected. Besides, the seller’s release of liability, or the seller obligation to repay any deficiencies of the loan  should be clear stated.   Definitively Short Sale process should be handled for skilled and experienced professionals, in order to get the desired result and avoid the foreclosure.

Corina DeFanti      cfantirealty@gmail.com

Short Sale es una opción para aquellos propietarios de viviendas quienes se encuentran en una situación económica que les impide honrar sus deudas y quienes desean dejar esa propiedad. Negociar un Short Sale consiste en solicitar al banco o institución financiera, que permita la venta de la propiedad por menos cantidad de dinero que la hipotecada. Esto originara un saldo deficitario. Ventas cortas aprobadas antes de listar las propiedades, la liberación total del pago sobre la primera hipoteca, hasta $3.000 para relocalización del prestatario y exclusiones fiscales, son algunos de los incentivos que los programas HAFA y MDRA, han proporcionado.

Este proceso es una alternativa al Foreclosure, puesto que alivia al propietario de un stress más prolongado y de gastos adicionales. Sin embargo, es un proceso de negociación muy complicado, con muchas partes interesadas involucradas en el mismo (primeras y segundas hipotecas, deudas con Asociaciones) y con diferentes niveles de aprobación. Hay mucho que considerar antes de tomar esta decisión, ya que es un largo proceso y el reporte de crédito del vendedor se vera afectado. Además, la liberación de la obligación del vendedor de pagar el monto deficitario  debe ser claramente establecida. Short Sale es definitivamente un proceso que debe ser manejado por profesionales capaces y con experiencia en el área, a fin de conseguir el resultado deseado e evitar el foreclosure.

Corina DeFanti       cfantirealty@gmail.com

viernes, 17 de agosto de 2012



BED: 6




LOT: 43,747 SFT         LIVING AREA: 10,972SFT



US$  6,500,000.00

lunes, 11 de junio de 2012

This is something we should all read at least once a week!!!!! Make sure you read to the end!!!!!!

Written by a 90 year old

This is something we should all read at least once a week!!!!! Make sure you read to the end!!!!!!

Written by Regina Brett, 90 years old, of the Plain Dealer, Cleveland, Ohio .

"To celebrate growing older, I once wrote the 45 lessons life taught me.

It is the most requested column I've ever written. My odometer rolled over to 90 in August, so here is the column once more:

1. Life isn't fair, but it's still good.

2. When in doubt, just take the next small step.

3. Life is too short - enjoy it.

4. Your job won't take care of you when you are sick. Your friends and family will.

5. Pay off your credit cards every month.

6. You don't have to win every argument. Stay true to yourself.

7. Cry with someone. It's more healing than crying alone.

8. It's OK to get angry with God. He can take it.

9. Save for retirement starting with your first paycheck.

10. When it comes to chocolate, resistance is futile.

11. Make peace with your past so it won't screw up the present.

12. It's OK to let your children see you cry.

13. Don't compare your life to others. You have no idea what their journey is all about.

14. If a relationship has to be a secret, you shouldn't be in it.

15. Everything can change in the blink of an eye. But don't worry; God never blinks.

16. Take a deep breath. It calms the mind.

17. Get rid of anything that isn't useful. Clutter weighs you down in many ways.

18. Whatever doesn't kill you really does make you stronger.

19. It's never too late to be happy. But it's all up to you and no one else.

20. When it comes to going after what you love in life, don't take no for an answer.

21. Burn the candles, use the nice sheets, wear the fancy lingerie.

Don't save it for a special occasion. Today is special.

22. Over prepare, then go with the flow.

23. Be eccentric now. Don't wait for old age to wear purple.

24. The most important sex organ is the brain.

25. No one is in charge of your happiness but you.

26. Frame every so-called disaster with these words 'In five years, will this matter?'

27. Always choose life.

28. Forgive but don't forget.

29. What other people think of you is none of your business.

30. Time heals almost everything. Give time time.

31. However good or bad a situation is, it will change.

32. Don't take yourself so seriously. No one else does.

33. Believe in miracles.

34. God loves you because of who God is, not because of anything you did or didn't do.

35. Don't audit life. Show up and make the most of it now.

36. Growing old beats the alternative -- dying young.

37. Your children get only one childhood.

38. All that truly matters in the end is that you loved.

39. Get outside every day. Miracles are waiting everywhere.

40. If we all threw our problems in a pile and saw everyone else's, we'd grab ours back.

41. Envy is a waste of time. Accept what you already have not what you want or need.

42. The best is yet to come.

43. No matter how you feel, get up, dress up and show up.

44. Yield.

45. Life isn't tied with a bow, but it's still a gift."