Many homeowners across the nation, and especially here in the central Florida area are underwater in their home. If you purchased your home within the last few years, or refinanced, there is a good chance that you owe more than what your home is currently worth. If a seller must move because of a new job, or is just having financial problems and difficulty making a mortgage payment, a short sale may be the best alternative. This will help you avoid foreclosure, and its long term negative impact on your credit rating. If you think a short sale may be something you should consider, give me a call or email me. I can discuss the process with you, and help you determine if a short sale is right for you.
Currently lenders are improving their short sale process, and the time it takes to complete the entire transaction. This fact helps make short sale properties more attractive to buyers, and they are more likely to give them consideration when shopping for a home.
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