Avoid Foreclosure And Get Cash For Your Home Today!
The Benefits of a Short Sale In Fort Lauderdale
For Florida homeowners a short sale is an alternative real estate strategies for people who fear that their properties are losing value. In this time of economic uncertainty with unpredictable economic bubbles, it is difficult to tell when mortgage rates and value of properties will improve. When the value of your property is less than the outstanding loan, a homeowner can payout for a short sale instead of a foreclosure.
We are here to help...
This is especially beneficial when a homeowner does not intend to stay in the house for a while and also wants to avoid the credit ding of a foreclosure. Every action on the loan balance owed on the loan is negotiated with the lender. When a mortgage lender is satisfied with your reasons you will be allowed to sell the property for less than you owe on the mortgage.
This will not only help avoid embarrassment and inconveniences, but also works to avoid damaging marks on your credit that occur when going through foreclosure or bankruptcy. Once the house is sold the money received from the short sale is used to pay the loan balance. Most times the lender will forfeit the difference between the sale value in the mortgage loan balance providing the borrower with release of liability pursuant to the short sale and mortgage agreement.