A foreclosed property has already gone through the judicial process and is already owned by the lender. The selling process is not much different than a regular sale although the acceptance or rejection time may be somewhat longer.
A short sale is a situation where the home owner is trying to sell due to a hardship for less than the mortgage monies owed. In the case of a short sale, any offer accepted by the home owner must be approved by the lender and the process can be rather lengthy.
If you are considering a short sale purchase in Brevard County, Florida, keep in mind...
Short sale does not mean fire sale or any sale...Buyers must be realistic because there is no requirement for a lender to accept any offer!
If you are considering selling your Viera or Rockledge house as a short sale, call me at 321-693-3850 or email me.