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Short sales are a significant part of the listing inventory in Orlando with nearly 3000 homes currently listed for sale indicating that they are subject to third party approval or a short sale contingency. Selling short indicates that the home owner does not have enough equity to pay off their mortgage should they sell their home at fair market value.
Home buyers view short sales in Orlando as a chance to purchase a home and receive a good deal. The time frame for closing these transaction can be lengthy. Buyers must be prepared to wait for weeks often before finding out that their offer/contract has been approved by the seller's lender.
We are closing short sale transactions weekly. Contact me if you would like to buy or sell a home in Orlando subject to a short sale contingency.
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Short sale needs bank approval
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