Sellers
Short Sale Sellers
Selling a property on for less than you owe
If a lender forecloses on a house that you owe, you may face a deficiency judgment. A deficiency judgment is a liability that may haunt you for several years. When a lender accepts a short sale, we strive to negotiate the deficiency judgment away.
Short Sale and Lease Back
it is possible to sell your property on short sale to an investor who will lease it back, usually for much less than your current payment. The period of the lease is always one year. It may also be possible to repurchase the home down the road.
Hardships
You must be able to show a significant hardship before a lender will accept a short sale. Hardships may include divorce, medical, job loss, business failure, loss of income or any other situation that results in your inability to pay your mortgage.
If you are interested in selling your home as a short sale, please contact Jules@TarponCoastRealty.com
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