What is a Short Sale?
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.
But to be technical, here's a more official definition:
For homeowners to qualify for a short sale, they usually must fall into all of the following circumstances:
This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. Together, we can identify all possible options and can assist you in the quick execution of a short sale transaction.
Please call me for a free no obligation consultation.
A-REO, CDPE, SFR, ABR
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RE/MAX Realty Unlimited
Office 813-661-8090, Cell 813-833-4901