Here is a letter to you from one of our Short Sale sellers.  She probably had the same worries and concerns you might have right now when faced with the tough desision of a Short Sale.

I am writing this with hopes that you will find it useful in choosing South Beaches Real Estate Professionals when buying or selling your house.   They recently completed a short sale of my primary residence in Pinellas County and the whole process was handled with professionalism, promptness and expertise beyond my expectations.

Short sale RealtorAs a first time homeowner who now needed to sell my house quickly due to a job transfer,   I had no previous experience in handling and negotiating the myriad of decisions and legalities involved.    Despite the endless amount of information available via the Internet and much time spent to become more knowledgeable  with what I needed to do and understand to sell my house,  I found it overwhelming;  there was too much information and I did not know who and what to trust for competent guidance.  It was clearly a buyers market and I had no idea how to make my house sell quickly when there were so many others also for sell.


Fortunately,  I followed my instincts and contacted  South Beaches Real Estate Professionals after visiting their website.

From our first phone contact and subsequent meetings,  both Anne Hensel and Manuela Baginski, were punctual, thorough, excellent communicators who answered all my questions, explained the legal language clearly, and treated me with individual attention.   Although they were other  countless properties also for sell  that were well above my  price range,  they both regarded me with the same level of respect and kindness that clients with million dollar properties are shown.   They always responded quickly to any questions I had and always kept me informed on where we were in the whole  process from the initial first offer through the closing date.  Knowing  at all times where we were in the negotiating process with the buyer and bank was key to easing my concerns with the pressure of relocating to another area and job transfer taking a lot of my time and attention.

As a result of their dedication and professionalism, a buyer with an acceptable offer was found  in a matter of days.

I was able to relocate to my new work location and not worry about having to sell my house.  They took the stress and pressure off of me and I could adjust to my new surroundings.

Other than telling them what my needs were and providing required documents,  I had nothing else to do;  no endless phone calls and voice mails,  no confusing form letters from the bank.    I had complete faith in South Beaches Real Estate Professionals from the very beginning and they never disappointed or misled me.

They kept their word, always did exactly what they promised and showed much care and sensitivity to my needs and concerns.   How often can you say that about the people you deal with every day?

Whether you are a buyer or seller,  save  your valuable time and money, by contacting South Beaches Real Estate Professionals to discuss your real estate needs.  You’ll be treated with a level of expertise and individual attention that is rarely found in today’s world.

Regards, Frances!

Thank you for reading this. If you have questions or want to make an appointment for a consultation please call us at  727 410 7777 or fill out the form below

Thank you

Anne & Manny

Click here to see the current Short Sale listings in Pinellas County

10 Tips to Sell Your Condo or House as a  Short Sale.

short-sale-sign     A short sale is when a homeowner needs to sell the home for less than the amount owed on the mortgage, with all           the proceeds going to the lender. It is an alternative that most homeowners facing foreclosure turn to since it gets             them out of debt and has less damage to their credit score compared to a foreclosure.  The short sale process can be a     very frustrating and stressful one for the homeowner, not to mention a long one. It could take months before a lender     finally approves a short sale. If the complex and lengthy short sale process falls through, the end result could be a         foreclosure. But please do not let this encourage you, this can be avoided if you are prepared, organized, and armed         with the right knowledge and are working with a short sale agent with experience.  Here are some tips to help you         sell your short sale property fast.



  • 1. Check for references. Don’t just believe any real estate agent or lawyer that claims they have experience in short sales. Do your own research and background check, especially on their years of experience and number of short sales they have closed. Remember that short sales are very different from regular sales and it is important that your agent is knowledgeable and experienced in short sales in your area, since rules and regulations differ in every state.
  • 2. Communication. You should have regular and constant communication with your  short sale agent, your local real estate/ foreclosure attorney, and a CPA. Each state will have different laws and regulations about short sales which change constantly. Keeping constant contact with these experts will ensure that you always stay in the loop during the short sales process.
  • 3. Gather and organize all your documents. Short sale files can reach up to 80 pages. Consult with your short sale agent and your lender to determine the required documents you need to provide. Most short sale lenders will require you to submit your recent pay stubs, tax returns, bank statements, monthly mortgage statements, and a list of debts and expenses you have incurred.
  • 4. Be current with your HOA payments. Delinquent fees like Home Owner Association Fees can kill a short sale. Most short sale agents and buyers will not work with short sales where HOA payments are delinquent.
  • 5. Know the market value of your home. Most of the time, banks will lower the price of a home as much as they can to be able to unload it. But make sure you keep the price of your home at a reasonable level. You can do this by knowing the actual price or market value. You can ask the help of a local appraiser to determine your home’s current market value.
  • 6. Set the right price. Once you know the value of your home, set it at a price which is slightly above the market value to make room for negotiations.
  • 7. Expect the price of your home to decrease. As your property stays on the market for a longer period of time, then the price will inevitably go down. But first consult with your short sale agent, attorney, and CPA before lowering the price.
  • 8. Negotiate often. Since the lender would rather have the property sold than have it default, then you have some leverage in negotiating with them
  • 9. Patience is a virtue. A  short sale takes longer than a regular sale since there’s the extra paperwork and more parties involved compared to a normal sale so you must learn to be patient.
  • 10. Expect it to not be over yet after closing. There are instances when, after the closing of the short sale, the borrower will later be asked to pay the difference between the short sale and what the home was worth, which is called a deficiency judgment. One way to avoid this is to do the short sale through the HAFA. BUT again, if you work with us as your Short Sale agents we will help you get an approval letter from the bank that wipes out the deficiency once and for all.

With all these, as well as proper preparation and working with an experienced  short sale agent, your short sale should work out smoother and faster.

Call our office today to speak to Anne or Manny 727 410 7777  so you can get fast help and all the information you need about Short Sales and what to expect.

Or fill out form below and we will be happy to assist you with all your questions.

Thank you for taking the time to read this little post about 10 Tips to Sell Your Condo or House as a  Short Sale

Click here to see the current Short Sale listings in Pinellas County

Below please find a link to an actual Short Sale approval letter from Wells Fargo. We have wite out the name of our short sale seller, loan number and amounts.

I think this short sale approval letter might help you understand the Short Sale situation a little better.

This is pretty much the last step in the short sale process right before closing where the bank finally reveals what they would accept and what the terms and conditions are.

  • Listing a short sale with a realtor for sale
  • Getting an offer on the property
  • Sending all the paperwork to the bank
  • Having a BPO done
  • Negotiating with the banks
  • Getting a Short Sale approval letter from bank
  • Going to closing

Short sale approval letter

As always, contact us with all your questions

Anne 727 410 7777

Understand your Credit Score when facing a short sale or foreclosure

Let me present the bad news first.  In any short sale or foreclosure your credit score will be hurt, Short sale by about 200 points; in a foreclosure about 400 points.

Hopefully you have realized this website is not about how terrible short sales are, this site is designed to help you through a difficult and emotional time and we want to make sure you come out of this with enough knowledge to correct and repair your credit as soon as possible.
Please read this article to the end as our goal is for you to understand credit scores when facing a short sale and what you can do to increase your credit score as soon as the short sale is complete.

Short Sales in  St petersburg | money house

Now for the good news!
There ARE ways for you to improve your credit score after a short sale!
When creditors look at your credit report they are looking to determine if you are a high risk or low risk borrower. They are looking for people that are most likely to repay their debt on time.  Your goal is to return your credit score to a higher score as soon as you are able after the short sale.

To improve your credit score after the Short Sale: Understand your credit score and how it is calculated.
There are 3 major credit bureaus – Experian, Equifax and TransUnion.  These companies are continually updating your information.  They collect data from public records and all the companies that you have and do business with.  With this information they compile a report, which is your credit score.
Every year you are entitled to request a credit report from all three of these agencies without having to pay for it.  Request these reports annually, review for accuracy, and dispute any discrepancies immediately to all agencies.

There are several criteria that are used to measure your credit score:
Payment history
holds a lot of weight.  So, please strive to always pay your bills on time, as this criteria is the major criteria and carries the hugest weight in calculating and therefore increasing your credit score after the short sales. Set yourself reminders, open your mail each day, write checks a day earlier so it won’t matter if the post office takes a day longer.

Decrease your amount of debt compared to your available income. Just wait a few more month till you buy the new car or mattress or vacation and use these month and the money you have NOT spent to pay down you r credit cards.

Also, try to keep your credit card balances low and your credit limits high.  Call the card company every few month and see if they can increase your limits. a good rule of thumb is to keep your credit card balance less than 20% of your  credit limit it.

Length of your credit history is calculated by how many credit cards you have, how long you have used your credit cards taking into account your management of paying. Beware of opening too many cards because each time you do your creditors inquire and can affect your score negatively. Conversely closing credit cards can also affect your credit score as that decreases your available credit

After the short sale pay all your bills on time, have a written budget and try to stick to it as much as you can. Yes, again a Short Sale will hurt your credit score BUT it isn’t as bad as a foreclosure and it absolutely isn’t the end of the world ! Trust me, I have worked with a lot of people that went through a Short Sale situation and they were surprised how fast they got their credit score back up.

For more detailed information check out this website.  (be aware it has advertisements) BUT they are clearly marked as such.

Please give a quick call 727 410 7777 or send the form below with any questions you might have. When you list your property as a Short Sale with us, you are not alone. We will walk you through the short sale process step by step and we are always here for you to listen, give you feed back, bounce ideas around and give you helpful tips.

Coming to the conclusion to list my home as a short sale was not easy. I turned to Manny Baginski at South Beaches Real Estate Professionals for assistance. Manny showed me the process could be easy and less stressful – with Manny my short sale was a lot easier than I had ever dreamed!  She was thorough and maintained excellent communication for the duration of the process. Without her dedication and expertise, I would be experiencing the consequences of a foreclosure on my record.  My decision to have her as my agent was the best decision I could have made.  I HIGHLY recommend Manny Baginski! I’m grateful for a job well done!

If you are looking for more than just a Realtor, hire Manny Baginski!

Thanks, Manny!

Dina      10/1/13

What Is A  Short Sale and How Does It Benefit the Seller?
Short Sale St Petersburg Fl | House Supported by Money


Short sales happen when a home is sold for less than the mortgage owed by the homeowner on it. The proceeds of the short sales go to the lender. The lender will accept short sales even at a loss since having the property go into foreclosure will actually be a greater loss for both lender and seller. A  St. Petersburg short sale is therefore a better alternative to a foreclosure and has many benefits for the seller.


1. Avoiding Foreclosure. A short sale is an alternative to foreclosure. This helps lessen the damage to your credit. Although you must bear in mind that your missed and late payments will still reflect in your credit. Nevertheless, a short sale is still more beneficial to you than a foreclosure.
2. Avoiding Deficiency Judgments. In some states, your lender could require you and legally hold you liable to pay the amount you still owe after a foreclosure.This is called a deficiency judgment. In a short sale, it is possible to negotiate a release with the lender and have them agree not to pursue you for any deficiency as part of the short sale. This could be the biggest benefit to the seller of a  short sale.

3. You get to live in your home without having to pay your mortgage. At least for the duration of the short sale process, that is. Short sales usually take a long time since you have to prepare and organize your short sale package, submit it to the lender, wait for an approval, list the home as a short sale, wait for a buyer’s offer, and close the deal. The months it takes for this entire process equates to time you get to live in your home without having to pay any mortgage. This could be the perfect time to build up a financial reserve so you won’t fall into the same financial hardship in the future.

4. You get a sense of closure. Losing your home due to financial hardship can take its toll on you emotionally. One benefit of a St. Petersburg short sale is that it gives you a sense of closure to your home. During the months it takes to process the short sale, you will have enough time to adjust to your new financial status and you get a clear idea of when you will have to leave your St. Petersburg  home.

5. Leaseback Opportunity. A short sale may give you the chance to stay in your home in case you find a buyer who is willing to agree on a leaseback setting. In this deal, the buyer purchases the home at a discount as a short sale and leases it back to the seller at a lower payment. Some leasebacks even have a buy-back option which allows the tenant to buy back the home from the new homeowner.

These are just some of the benefits of a short sale over a foreclosure. If you need help with your  short sale, call us to speak with one of our highly skilled  short sale agents / realtors and we will help you through the entire process of the short sale.

Click here to see the current Short Sale listings in Pinellas County





St Petersburg Short Sales | Short Sale as a “strategic” move?

A lot of people have not heard that word before but then again, a lot of people actually do a strategic Short Sale here in St Petersburg.

handsThese are the people that still have a job, their finances are still in order but they are very frustrated that their property value has gone down so much over the last few years. In 2007 they bought a home for $800,000, paid $100,000 down and financed $700,000 at 7% interest only. Now at the end of 2011 their house is worth $500,000 they pay $5000 each month in mortgage, taxes and insurance alone.

These St Petersburg homeowner just don’t see how they can ever repay their mortgage or even recover the $100,000 down payment. They have tried to apply for a loan modification but the Bank just laughed at them, they have tried to refinance to get a lower interest rate but of course no bank would touch them and on top of everything else they see the lenders like Bank of American is offering St Petersburg homeowners up to $20,000 in cash if they do a Short Sale in St Petersburg.

Something is fundamentally wrong with our system and these people just have had it.  Yes, their credit rating  will go down for a little while, but than again, what do you really need a good credit rating for in this economy.

A good credit rating used to be worth a lot but now a days ?  So, we actually see a lot of strategic Short Sales in St Petersburg especially with Properties over $300,000. Pick up the phone now and call us at  727 410 7777. No strings attached, we make an appointment and talk aboutbuying or selling a St Petersburg Short Sale and the options you have.       We are St Petersburg Short Sale Agents and are glad to assist you.

Click here to see the current Short Sale listings in Pinellas County


St Petersburg Short Sales | Short Sale as a “strategic” move?