I’m working on a Short Sale in the Sandy Ridge Community in Davenport Florida right now. We have been negotiating with the lender as well as the Home Owner’s Association trying to make the deal come together. After a couple of months of negotiating, the buyer raised their price and we have a short sale approval from the lender which gives them their required net payoff.
All is well in Short Sale Land right? Wait a minute, not so fast. We also just found out that the lender (Seterus) just scheduled a foreclosure sale date. Really Seterus? Really??? The first thing I did was get in touch with the negotiator and ask her to have the auction sale postponed so that we can get the short sale closed since we have an approval. She agreed and I figured we were all set.
Then I received another email from her stating that Florida Law states that all foreclosure sales postponement requests must be made at least 14 days from the scheduled sale date. Well that’s news to me I thought. Off I went to do some research and make some phone calls. And look what Broker Bryant found for me:
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| 702.07 Power of courts and judges to set aside foreclosure decrees at any time before sale.--The circuit courts of this state, and the judges thereof at chambers, shall have jurisdiction, power, and authority to rescind, vacate, and set aside a decree of foreclosure of a mortgage of property at any time before the sale thereof has been actually made pursuant to the terms of such decree, and to dismiss the foreclosure proceeding upon the payment of all court costs. |
This situation just goes to show you that you really need to do your research and arm yourself with all the knowledge you can if you are selling a Davenport Florida Short Sale.
Call me if you need help!
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Mortgage Assistance Relief Services Disclosure
Tutas Towne Realty, Inc is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
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Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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