Fred W Price
  • Maitland, FL
  • United States
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Central Florida Short Sale Business Partner

Profile Information

Occupation
Negotiator
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Do you have properties listed that you know you will never sell? Are you frustrated that you have been spending time and money on a no win situation. Have you tried to negotiate a short sale and it has taken the bank 3 months to get back to you with an answer and by the time you get an answer your buyer is long gone? Well let The Heathrow Group help you help your sellers get out of a potential disaster and let us help you make a commission in one of the most difficult real estate markets ever.

Our philosophy is to create partnerships with real estate professionals and let them do what they are good at which is marketing and selling properties.

Our mission is to let us do what we are good at which is negotiating and facilitating the entire short sale process.

We have relationships with all the major lenders and through our knowledge and experience we are very successful at negotiating down debt and getting short sale properties SOLD & CLOSED!
Website
http://www.theheathrowgroup.com
Short Sale Transactions Completed
100+
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
None Selected
About Me/Profile of yourself: - Please add your Brokerage Company name also!
The Heathrow Group
Helping Homeowners Solve Problems, Remove Bad Debt, and Accumulate Wealth!

We are a company that is in the business of helping homeowners remove their distressed realestate debt.
Put in todays date! This is to help stop spammers!
June 7, 2011
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
Fred W Price

Will working a short sale hurt my credit?

The truth of the matter is that if you are even one month behind you already have a negative mark on your credit.  These are the words I use when a client asks me and I always deal in the truth and the truth alone.  Here is a typical conversation from my side of things:

 

“Mr. & Mrs. Seller let me tell you that since you are already two months behind on your payments, your credit has already been damaged.  Now, there are absolutely NO guarantees that I will be successful in working a Short Sale with your lender, but I will tell you, with your cooperation I will do everything I can on my end.

 

I will also tell you Mr. & Mrs. Seller that the lender may come after you for a deficiency judgment for the shortfall of what you owe and what they will accept for a Short Sale deal.  Furthermore, the IRS in the past considered forgiven debt as taxable income.  This law is set to expire in 2010.  Do you fully understand what all this means to you?”

 

If they are not hiding in their closet by now, I usually get additional questions such as what would be the difference between working the Short Sale and signing the house over via a Deed in Lieu of Foreclosure.  Or, what happens if I can’t pay the tax to the IRS?

 

These are some very tough issues to get over and I will tell you through experience that most property owners just want to get out of the property and avoid having a foreclosure on their credit record.

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