Thursday, December 8, 2011

Short Sale- What it is and What it isn’t.

Short Sale - What it isn’t.  First of all, let me begin by saying what a short sale is not…
  1. A short sale is not a quick sale
  2. A short sale is not a fire sale
  3. A short sale is not a “take any offer” move out of desperation on the seller’s part.
Short Sale - What it is.  A short sale is a situation where a homeowner is selling a property for less than the mortgage monies owed.  In a short sale the seller can not derive any proceeds from the sale.
Short sale transactions are really no different than any other transaction  with the addition of a few wrinkles…
  • the lender approval of the transaction,
  • the unknown closing date and
  • the property is usually sold “as is.”
If you are a Brevard County, Florida homeowner and a short sale is a consideration, please contact me to discuss how we can get your home sold.  I can be reached by phone at 321-693-3850 or email me.