Tune in to ABC’s Shark Tank Friday Sept. 26 at 8/7c to see Joy Daniels, with Barbara Corcoran.

Tune in to ABC’s Shark Tank premiering on Friday Sept. 26 at 8/7c to see Joy Daniels of Joy Daniels Real Estate Group, side-by-side with real estate magnate Barbara Corcoran.

Corcoran is Shark Tank’s resident real estate mogul and a prominent self-made multi-millionaire. She is now endorsing a select few of the best real estate minds in the country, Daniels included. Joy Daniels will appear in a commercial airing during the Shark Tank season premier and in several additional episodes throughout the season.

Daniels’ company, Joy Daniels Real Estate Group, is a dominant leader in the real estate industry, providing phenomenal service and expertise to a wide base of clientele in Central Pennsylvania. A full time Realtor for nearly 25 years, Daniels started her own company in 2010 and is one of only a small number of agents with independent real estate companies to be endorsed by Barbara Corcoran.

In 2013 and again this year, the Joy Daniels Real Estate Group was named one of Central Penn Business Journal’s Top 50 Fastest Growing Companies. The company was also ranked in the top 100 real estate teams in the Real Trends/Wall Street Journal annual ranking. More details about the group, including its Guaranteed Sale Program, can be found at www.joydaniels.com or by connecting with the team on Facebook.

Daniels is also part of the exclusive Radio & Television Experts (RATE) group, an elite network of real estate rainmakers. The RATE group has worked with numerous celebrities in addition to Corcoran, including Glenn Beck, Sean Hannity, and John Tesh, to spread awareness of the group’s real estate endeavours.

Corcoran is an iconic figure in the New York real estate scene and nationally known as the real estate contributor to the NBC TODAY show. She has invested in more than two dozen businesses to date on Shark Tank, and has written several well-received books including Shark Tales: How I turned $1,000 into a Billion Dollar Business.

How can you know if a short sale is right for you?

There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Many people are unsure what a short sale really is - it does not mean it only takes a short time to sell your home. According to Wikipedia, a short sale is a sale of property in which the proceeds will fall short of the balance of the debts secured by leans against it. When the owner cannot afford to pay the full amount, the lean holders agree to release the lean on the real estate and accept less than the amount owed them. The amount that goes unpaid to the creditor is know as a deficiency.

That sure is a mouthful, but it's not hard to understand when put another way. Essentially, a short sale is when a bank agrees to sell a property for less than what is owed on the property. It is a legal process used by lenders to enforce payment of a mortgage debt. This is often used by homeowners as a means to avoid foreclosure. While both shorts sales and foreclosures will damage your credit score, shorts sales can have a less negative impact if reported to the bureau properly. 

The homeowner can ask for a clause in the short sale contract that stipulates that the lender will not report the short sale as a charged off account to the credit bureaus. The homeowner must list their home and find a buyer to do the short sale and some lenders will even require that a real estate agent be used in the sale. The short sale application involves the seller providing the lender with solid documentation, such as the borrower's pay stubs and proof of hardship. If the seller has a high paying job or assets, they may have a harder time doing a short sale with the lender. 

How do you know if you meet the qualifications for short sale help? If the following apply to your situation, you may be eligible:

• Financial hardship: Relocation, divorce, loss of income, major repairs needed without resources to make them, increased bills and living expenses, etc.
• Behind on mortgage payments.
• Facing default or foreclosure.
• Mortgage balance is greater than the value of your home.
• Depleted savings.

If you are experiencing any of the above difficulties, we can help. We have a knowledgeable short sale specialist on staff that is experienced at negotiating with lenders. If you have more questions about the process or need help getting the most of your short sale, don't hesitate to give us a call. We would like to make the experience as stress-free and smooth as possible!