Florida Short Sales – What is a Short Sale?
Florida Real Estate: A Short Sale is a transaction in which the bank (or banks) accepts a discount on their mortgage to allow a sale, and avoid foreclosure or bankruptcy. Just to show you one example: A homeowner, who is facing foreclosure, has a first mortgage of $450,000. The current market value of the home is $300,000. The Mortgage Bank agrees to wipe out $150,000 in mortgage debt, and accepts the offer for $300,000 and the home is SOLD. This process works for any price home regardless of location or condition. Please do not wait until it becomes too late. [..more..]
To see if your Florida house would qualify for our fast home purchase program, please complete our confidential home seller questionnaire on our website at 411WeBuyHomes.com
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If you have a home you can’t sell or need to sell fast, you can be assured that any of these companies listed have a solid reputation and education in buying and selling real estate.
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Filed under: We Buy Houses South Florida
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