Short Sale - What it isn’t. First of all, let me begin by saying what a short sale is not…
- A short sale is not a quick sale.
- A short sale is not a fire sale.
- 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.
