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Short Sale Properties

For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale."

What is a short sale? It is when a home owner has become financially distress and the lender agrees to accept an amount that is less than the mortgage payoff amount than is owed in order to facilitate a sale of the property. Not all lenders or banks will accept short selling or agree to discounted payoffs, especially if it would make more financial sense for them to foreclose on your property; In addition, not all sellers nor all properties qualify for short sales.

These kinds of properties will usually bring you great price but patience must be a virtue as the process can take from 2 to 3 months. In addition, all of these properties are always sold as is so you must do all the necessary inspections and due diligence research to make sure you are not buying a property that will be a burden to you.

Here at Road House Realty we specialize in helping sellers and buyers with the process of selling or buying short sale properties. Please call us at 407-392-4663 for immediate help.

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