In some cases the mortgage holder may be willing to accept less than is owed on the mortgage in order to avoid foreclosure, which is a benefit to the homeowner.
A short sale situation takes time to process so a buyer and seller will need to be prepared and patient as the lender looks over the documents before making a counter of giving full approval of the deal. Those short sale transactions that are successful and end up at the closing table can provide the seller needed financial relief and offer a buyer and opportunity to purchase a home at a price that fits into their budget.
I am including a list of homes being offered as short sales in Kissimmee that were listed over the past few days.
Related Florida real estate views:
- Greg Staker - Watson Realty Corp. - 407-304-0255
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