Thinking About A Short Sale, But Can't Pay Your Homeowners' Association Dues?

Good information on short sales and HOA dues. They are yet another lien on the property and consulting with knowledgable people before choosing foreclosure or bankrupsy is important.

Orlando FL - Many people don't think they are eligible for a short sale because they have unpaid homeowners' association dues. Don't worry about paying them yourself. When you short sale your home the association dues will be paid by your lender. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. A homeowners' association is a very small percentage of the overall short sale value. Lenders know that a short sale will net them substantially more money than a foreclosure. I had an example in the post below. I showed a house that received a $119,900 short sale offer. The lender rejected that offer. The home was foreclosed on and sold for $96,400. That means that lender lost $23,500 by rejecting that short sale offer. The short sale lenders have ran all the numbers on a short sale versus foreclosure. They have high paid actuaries who go through everything. If they have to foreclose, then they want to make sure they get the most amount of money possible. They know that they can recoup their money faster with a short sale versus foreclosing on a house and then reselling it. Because of that they are willing to pay your delinquent homeowners association dues. In addition, the bank pays the real estate agent (they will have to hire a real estate agent when they sell the house.) They also pay the title insurance and property taxes, because they must be paid in order to sell a house. They have to pay all those costs when they sell a bank owned property. The Bottom Line: All of the costs are borne by the bank in a short sale. You pay nothing. Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at I will contact you for a free consultation. When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 407-330-2181. Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Orlando Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy. Thanks for reading this, Gitta Urbainczyk P.A.. Gitta is a Real Estate Broker at Keller Williams Heritage Realty . Phone: 407-330-2181. What do you recommend View My homes for sale at . Gitta Urbainczyk P.A. specializes in loan modification assistance and short sales in Orlando Florida Orlando Loan Modification Help, Orlando Short Sales. Orlando Short Sale Realtor Short Sale Realtor. Orlando FL Short Sales. Orlando Realtor. Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Urbainczyk P.A.'s personal views and do not reflect the views of Keller Williams Heritage Realty . This information on thinking about a short sale, but can't pay your homeowner's association dues is provided as a courtesy to our viewers to help them make informed decisions.


For specific home sales information or free Market Analysis contact:


Ellen Dittman, Watson Realty Corp.


904 535 1199 
















Short Sale Help!


     Watson Realty Corp.        

153 Blanding Blvd

Orange Park, FL 32073

Cell (904) 535-1199

Office (904) 269-1270


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Comment balloon 3 commentsEllen Dittman • November 01 2010 07:47PM


We don't have a lot of homeowners associations here in Redding.  This is great information to know.

Posted by Kate Bourland, Onlilne Marketing Mobile Marketing (Marketing with Kate) over 9 years ago

Ellen, this is great information that I can share with people in my area. Thank you for taking the time to put it together.  I have added you as an associate because knowing more smart people in this industry is always a benefit.  Thanks for your comment on my blog as well.

Posted by Larry Lawfer, "I listen for a living." It's all about you. (YourStories Realty Group powered by Castles Unlimited®) over 9 years ago

Larry, Thank You! It is a reblog but I thought it was an interesting one!

Posted by Ellen Dittman, #1 Stop for NE FLA-JAX/OP 904.535.1199 (TEXT OK) r (Watson Realty Corp.) over 9 years ago