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Florida Short Sales | Daytona Beach | Ormond Beach | Port Orange | Ponce Inlet

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Selling a home short, is the sale of your house in which the proceeds fall short of what you still owe on the mortgage.   Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when an owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.

Deed in Lieu (also known as a deed in lieu of foreclosure)

A deed in lieu is a means of escaping an overly burdensome mortgage. If a homeowner can't make the mortgage payments and can't find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. Even if the lender won't agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner's property rights to the lender.

Quitclaim Deed

A deed that transfers whatever ownership interest the transferor has in a particular property. The deed does not guarantee anything about what is being transferred, however. For example, a divorcing husband may quitclaim his interest in certain real estate to his ex-wife, officially giving up any legal interest in the property.

For all the homeowners who are upside down and can no longer make their mortgage payment (because of either a job loss, divorce, or an option ARM which is re-casting (resetting higher), up to now the only option was, letting the bank foreclose. That's not really a good option since a foreclosure can damage your credit record for at least 10 years. But some experts are now advocating a "short sale." This is a case of a distinction with a difference: If your bank agrees to a short sale, you then can hire an agent to find a buyer for the house, you sell the house for a loss, and with the bank's blessing, they agree to eat the loss (although they could still demand the homeowner make some kind of payment or share the loss).

Many times, you'll also need to scale back your own spending. Putting expensive jewelry on your credit card will make a bank less inclined to do you any favors on the sale of your home. And be prepared that if your bank does absorb the loss, the IRS might treat that as taxable income and you'll have to come up with the cash to cover the taxes.

Of course, the better option is to find some way to stay in the house—by first, seeing if the lender is willing to restructure the loan, or forgo a couple of monthly payments to help you get back on your feet. Apparently, more and more lenders are willing to make accommodations to avoid taking the property back. Banks hate to take over homes, especially in a declining market, so you shouldn't underestimate the willingness of a bank to make concessions.

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See more properties for sale below

$995,000.00 View Full DetailsMake Offer Request ShowingSave Listing Ask Question
MLS #491087 WATER FRONT ESTATE in NEW SMYRNA BEACH FOR SALE Private Waterfront estate in gated community located on 75 acre freshwater lake - only 10 minutes to town and 15 minutes to beachside! Every wall in house is insulated and doors are solid core. Insulated attic area with A/C for storage. Over 6,500 sq. feet of pavers lead to a double car garage on west side and a triple on the east. This home has 5 bedrooms, 5.5 baths, 5 car garage, theatre, game, and hobby rooms and a 3rd. floor observatory. Huge balcony for watching sunsets and large windows for natural light. Upper and lower covered porches on rear of home overlook the pool area and lake. Downstairs Master is handicap friendly. “Safe room” has full bath attached. Granite countertops throughout – 4 wet bars inside and 1 by the pool. There is a formal dining room and a living room with wood burning fireplace. Both master suites offer a separate master sitting area and the Master upstairs offers a morning bar. Enjoy boating, skiing or relaxing on your own custom beach. Too many extras to list! It is a MUST SEE. Low interest financing available. Get Pre-Qualified This listing is UNDER CONTRACT		Aswin Suri 888-608-6564 Bio & Listings

$625,000.00 New Smyrna Beach Single Family For Sale 3 beds, 3 baths, View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #1003503 | 6673 Engram Rd, Bethune Beach, Short sale - third party approval required. have... 6673 ENGRAM RD New Smyrna Beach, FL 32169 Short sale - third party approval required. have the best of both worlds...ocean and river views. lovely three-story home with 28 x 8 in ground pool. two-car garage with laundry area with washtub. private work shop/study off garage. one bedroom ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Oceanfront, Waterfront , River frontage/Access, Waterview Has a pool , Subdivision: Bethune Beach

$549,549.00 New Smyrna Beach Single Family For Sale 5 beds, 4 baths, View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #1007523 | 725 Williams Road, New Smyrna Beach, Pool, Pre_foreclosure - short sale... 725 Williams Road New Smyrna Beach, FL 32168 Price reduced $100,351.00 since 8/29/10, NOW $549,549.00 | Pre_foreclosure - short sale contracts subject to 3rd party approval. 10 acres fenced and cross fenced, 6 stall barn, 3 sheds. house is 4br-3ba with 5th bedroom and bath that could be in-law apt. completely remodeled in 2006. modern open floor ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale, remodeled Has a pool , Built in  1983

$519,000.00 New Smyrna Beach Single Family For Sale 3 beds, 3 baths, View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 8 PHOTOS MLS #1007652 | 4142 Budd Rd, Quail Roost Ranches, Pool, Pre_foreclosure - short sale... 4142 BUDD RD New Smyrna Beach, FL 32168 Price reduced $126,000.00 since 9/11/10, NOW $519,000.00 | Pre_foreclosure - short sale contracts subject to 3rd party approval. beautiful home on 5 acres. (2.5 acres is a separate parcel that can be sold an/or developed). home is a must see! many extras include vaulted ceilings w/ceiling fans. family ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale Has a pool , Subdivision: Quail Roost Ranches , Built in  2000

$550,000.00 New Smyrna Beach Single Family For Sale 3 beds, 3 baths, View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 24 PHOTOS MLS #1012131 | 3527 Grande Tuscany Way, Luxury Home Short Sale, For Sale, Pool, 3 baths 3527 Grande Tuscany Way New Smyrna Beach, FL 32168 Pre_foreclosure - short sale contracts subject to 3rd party approval. gated section-lake front home on cul-de-sac, golf course community, private salt water pool enclosed screen room solar-heated additional heat pump, salt water jacuzzi, lanai ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Waterview Has a pool , Subdivision: Venetian Bay , Built in  2005 , Maint Fees: $800.00

$799,000.00 New Smyrna Beach Single Family For Sale 4 beds, 4 baths, View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 24 PHOTOS MLS #1010973 | Venezia, 4 BR, Pool, Luxury Home Short Sale, For Sale, Intracoastal, 4 baths New Smyrna Beach, FL 32169 Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Waterfront, Intracoastal Has a pool , Subdivision: Venezia

$1,135,000.00 ($235.00/sqft) Flagler Beach Single Family For Sale 4 beds, 4 baths, 1 half baths, 4821 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 12 PHOTOS MLS #176226 | 1640 Lambert Avenue, Flagler Beach, Absolutely stunning builder's show home on... 1640 Lambert Ave Flagler Beach, FL 32136 Price reduced $164,000.00 since 10/1/10, NOW $1,135,000.00 | Absolutely stunning builder's show home on prestigious Lambert Avenue. Situated on an acre + with over hundred feet on the ICW deep water channel . Lavishly finished with natural wood and stone elements for a genuine Florida casual elegance. ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Intracoastal Has a pool , Subdivision: Lambert Avenue , Lot SQFT: 43559sqft , Built in  1982 , Style: Contemporary

$500,000.00 ($235.00/sqft) Flagler Beach Single Family For Sale 4 beds, 2 baths, 1 half baths, 2130 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #176262 | 5858 John Anderson Hwy, 2.5 baths, A large piece of paradise close to... 5858 John Anderson Hwy Flagler Beach, FL 32136 Price reduced $200,000.00 since 10/2/10, NOW $500,000.00 | A large piece of paradise close to the beach. John Anderson Hwy home on 13.4 acres featuring a two story 2,130 sq ft home. 4BR 2BA 2CG, family room w/parque floors, wet bar, large and old fashioned wood fireplace, screened porches overlooking ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Subdivision: Not Assigned , Lot SQFT: 589100sqft , Built in  1990

$629,900.00 ($128.00/sqft) Flagler Beach Single Family For Sale 5 beds, 4 baths, 1 half baths, 4921 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 13 PHOTOS MLS #184452 | 322 12th St N, Waterfront, Pool, 5 bedrooms, Flagler Beach, Not Assigned, 4.5 bathrooms 322 12th St N Flagler Beach, FL 32136 Bank approved price! this is a short sale with pre-approved pricing and fast turn-around/direct link with the bank for negotiations and approvals. amazing opportunity to own this amazing waterfront estate. this is not your average canal front ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Waterfront, Canalfront Has a pool , Subdivision: Not Assigned , Lot SQFT: 8352sqft , Built in  2007

$989,000.00 ($195.00/sqft) Flagler Beach Single Family For Sale 5 beds, 4 baths, 1 half baths, 5065 living sqft View Full Details Photos Make Offer Request Showing Save ListingVirtual TourMapAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #164611 | 1680 Lambert Avenue, Flagler Beach, Pool, Short sale; lender approval... 1680 Lambert Ave Flagler Beach, FL 32136 Price reduced $806,000.00 since 5/22/09, NOW $989,000.00 | Short Sale; Lender Approval Required! ONE OF A KIND INTRACOASTAL ESTATE. BUILDERS PERSONAL HOME WITH NO EXPENSE SPARED. EXTRAS INCLUDE: IMPACT VINYL WINDOWS, SOLID POURED CONCRETE WALLS, TRAVERTINE, WOOD & CORK FLOORING, SECURITY & CENTRAL VAC ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Intracoastal , Waterview Has a pool , Subdivision: Magnolia Gardens , Lot SQFT: 43560sqft , Built in  2006

$620,000.00 ($228.00/sqft) Flagler Beach Single Family For Sale 4 beds, 4 baths, 2720 living sqft View Full Details Photos Make Offer Request Showing Save ListingMapAsk Question

ROLLOVER TO VIEW 5 PHOTOS MLS #185835 | 3335 N Oceanshore Blvd N, 4 bedrooms, Spectacular!!! oceanfront beach... 3335 N Oceanshore Blvd N Flagler Beach, FL 32136 Short Sale; Lender Approval Required. Spectacular!!! Oceanfront Beach House,, enjoy Amazing Views from almost every room of this 3 story Custom Home built on one of the Highest Dunes in Flagler Beach. This home has all the bells and whistles, ... Low interest financing available. Get Pre-Qualified Top Features: short sale, for sale , Oceanfront, Waterfront , Subdivision: Kanaha Beach , Lot SQFT: 14650sqft , Built in  2007 , Style: Contemporary , Maint Fees: $1.00