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22 Μαΐ 2024 · We gather basic information about the sellers goals, situation, and lender (s), to determine whether a short sale is a viable solution to the sellers needs, and whether they would qualify for a short sale.
- Qualify for a Short Sale
There is a several month process and lots of documentation...
- Florida Short Sale FAQ
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- May Take a Few Months
Property Marketing: 2-8 weeks. Before your lender will...
- Foreclosure
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- Qualify for a Short Sale
19 Ιουν 2020 · Learn all you need to know about the short sale process in Florida for homeowners: full short sale process in Florida, short sale consequences, pros and cons, tax implications of the deficiency balance, and more.
5 Σεπ 2023 · 1. Initial Assessment and Qualification. The process begins with a homeowner who is struggling to meet their mortgage payments due to financial hardships. The homeowner reaches out to a realtor, seeking guidance on how to proceed.
Eligibility: Qualifying for a short selling typically requires you demonstrate a genuine financial hardship that’s preventing you from keeping up with your mortgage payments (e.g., job loss, medical issues, divorce, etc.). Fair Market Value: You can’t just sell your property for the lowest possible amount.
20 Απρ 2019 · A homeowner uses a short sale when they sell their property for less than the outstanding mortgage. A homeowner may consider a short sale if the value of the property falls significantly. Lenders will often consider a 20 percent drop in home price to qualify as a significant change in value.
6 Φεβ 2024 · Short sales in Florida offer a solution for homeowners facing financial hardship. In a short sale, the homeowner and mortgage company agree to sell the property for less than the amount owed on the mortgage.
15 Ιουλ 2019 · To be considered a short sale, the total of the costs of selling the property and the payment of all liens on the property must be less than the proceeds from the sale. The short sale process allows both the lender and the homeowner to avoid foreclosure.