A short sale is when the value of a real estate sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower no longer decides to pay the mortgage loan on their property, and the lender decides that selling the property at a moderate loss is better than pressuring the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves costly fees for the bank and a bad credit report for the borrowers (it is marked as a debt “settled” which is far better than a foreclosure). Jonathan Castaneda’s’ short sale realtor team in Miami Florida will work with you and your financial institution to negotiate your short sale property to write off the remainder of your loan. Click here for an example of a short sale.  

Our compensation is paid through the HUD at the close of escrow when the buyer purchases your property in a short sale.

• No Realtor fees
• No Attorney fees
• All fees paid by the bank or buyer through negotiations
• If your loan qualifies for the HAFA program, you may be eligible to get up to $3,000 to help with moving costs.
• Never hire anyone who charges an up-front fee

Not all Realtors and attorneys offer this service free of charge. JFC Group is one of the few real estate firms to offer both real estate services and attorney representation at no cost to the seller.

• A Short Sale lowers your credit score by as little as 50 points, versus Foreclosure which can affect your score by 300 points or more!
• A Short Sale is reported as a full settlement on your credit report whereas a Foreclosure can remain on your credit report for 10 years and is a permanent record.
• Because a Short Sale is not an actual item on your credit report, it will typically not affect employment. A foreclosure may be grounds for termination at a current job, or a seriously negative factor for a potential employer.
• Getting a loan is possible in as little as 2 years with a Short Sale; with a Foreclosure you will remain ineligible for a minimum of 5 years.
• Click Here our Short Sale vs. Foreclosure Chart.
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Jonathan is a licensed Florida Realtor for Fortune Int’l Realty with a REO certification. Having personally made the wise financial choice of short selling one of his properties, he decided to specialize in this area. He has developed a team of real estate professionals to execute just short sale transactions.
Click here to read more about Jonathan and his short sale help team.