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Short Sale Process

Understanding The Short Sale Process

Did you know that you could walk away from your home, debt free and have your lender pay you up to a $10,000.00 Relocation Assistance, while forgiving your mortgage balance via the short sale process?

If you are a Florida homeowner that owes more on your mortgage(s) then your property is worth, and can no longer make your mortgage payments, you may be in a position to:

  • sell your home;
  • have your lender forgive your loan balance;
  • get paid up to $10,000.00 at the closing;
  • avoid tax consequences with the Internal Revenue Services (1099-C); and,
  • avoid foreclosure.

This can be accomplished by a SHORT SALE or Short Selling your home.  In addition, a Short Sale strategic default can offer you time on your property without mortgage payments and protection from your lender pursuing the balance or a judgment against you.

In a Short Sale, your property is listed on the real estate market at a value that is less than what you owe the lender. In a normal real estate listing, your property would be listed for a price determined by what comparable properties are selling for in your area. This provides you a better chance of selling your property quickly.

We at the Law Offices of Jacqueline A. Salcines, PA handle will handle the entire Short Sale process for you.

We will negotiate with your lender to insure that the best possible outcome is reached, and strive to obtain:

  1. a write-off and forgiveness of their mortgage debt;
  2. no tax consequences with the IRS; and
  3. up to $10,000.00 from your lender at closing.

As both an accountant and lawyer, I can  provide both legal and tax advice, review all the legal terms on your approval letter and conduct the whole closing at our offices; so nothing is left to chance!

New Short Sale Programs Available:

I. HAFA Program


Additionally, under the new HAFA regulations, we can obtain a pre-approval of your short sale with your lender and qualify you to receive the most money back from them, all while making sure that the balance is forgiven with no consequences to you.

new HAFA program provides incentives for qualifying homeowners short selling their primary residences. (Has expiration date)

Under HAFA:

  • Real Estate Brokers are guaranteed that their 6% commission will NOT be discounted on the HUD.
  • Homeowners can walk away from the closing with up to $10,000.00 cash for moving expense and incidentals.
II. Chase, Bank of America and Wells Fargo

Homeowners who’s lenders are qualified may qualify to receive additional funds at closing, even up to $10,000.00, that does not ever need to be paid back.


You have your attorney by your side throughout the entire process to guide you every step of the way. 

Call today to put my Real Estate Law skills to work for you!

305. 669. 5280 Office


Let us do what we do best, while you are out there doing what you do best … selling homes!

Let us handle the short sale negotiation process and paperwork to streamline the process and get an approval as soon as possible.

We at the Law Offices of Jacqueline A. Salcines pride ourselves on moving the short sales to approval as quickly as possible.

We have team set up to make sure the process is smooth and communication with buyers, sellers and realtors is constant and up to the minute so that we can close without delay.

Call us or email us today to find out more.

  • Phone: 305.669.5280
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