No, our REALTORS only earn a commission once your short sale is approved and the deal goes to settlement.

It depends on your lender and the negotiations. In many cases, lenders forgive the remaining balance (known as a “deficiency waiver”). Our team works hard to negotiate a full release so you can move forward debt-free.

On average, a short sale in Florida takes 60–120 days after receiving a purchase offer. Timelines vary depending on the lender, investor, and how quickly documents are submitted. We guide you through every step to keep things moving.

A short sale does affect your credit, but it is much less damaging than a foreclosure would. Many homeowners qualify for another mortgage in as little as 2–3 years after a short sale, compared to 7 years after a foreclosure. Our team can help develop a plan for moving forward.

Yes. In most cases, you can continue living in your home until the sale is complete and closing takes place. This allows you more time to prepare for your next move.

You still may qualify for a short sale — even if your lender has started foreclosure proceedings. The sooner you contact our team of REALTORS, the more options we’ll have to stop or delay the foreclosure through the short sale process.

Not always. Some mortgage lenders will approve a short sale if you are facing a financial hardship and can prove that continuing monthly mortgage payments is not sustainable for you. Every case is different, and we can review your options with you.

Sometimes the IRS considers forgiven mortgage debt as taxable income. However, many Florida homeowners qualify for exemptions under the Mortgage Forgiveness Debt Relief Act or other programs. We always recommend consulting with a tax professional for your specific situation.

You can still do a short sale, but both lenders must approve it. We negotiate with all lien holders to reach an agreement that allows the sale to move forward.

The Zack Grimmer Group, Powered by Real, specializes in Florida short sales and have advanced training as Short Sale & Foreclosure Resource (SFR) REALTORS®. We understand the short sale process, we know how to work with banks and lenders, and we always fight for the best outcome for homeowners.