What Is A Short Sale?

What is a short sale? It’s a method for selling your property for less than the loan amount owed. A buyer agrees to a price and the bank approves it. Then the mortgage lien is released on the property at closing so you are no longer financially responsible. Short sales in Miami FL, and the surrounding areas, are more popular than ever. Why? It can help all three parties involved - you, your buyer and your lender. So, are you having payment issues regarding your...

Brickell real estate,
Coconut Grove realty,
Pinecrest real estate, Kendall homes,
Coral Gables realty
Miami or South Miami real estate?

If so, I may be able to help you with your south Florida short sales issues. First, though, let’s look into what is a short sale and what you can expect.

What Is a Short Sale?... Possibly a New Start...

Again, when it comes to a short sale Miami FL, and the cities nearby, are no stranger to the concept. The question most people ask after “What is a short sale?” is “Why would a lender take less than what is owed?”

The short answer is economics. Regardless of any myths, the bank doesn’t want your home. Each day a lender owns a home, it’s costing them money. Plus, foreclosure is an expensive process in itself.

However, if you have a buyer, even one willing to pay less than the current mortgage, many banks consider the offer carefully. Why? Because selling your home is a wise decision for them economically. It’s important to note though that doing short sales in Miami FL does have side effects. Learn more by reading...

What a Short Sale Does to Credit
Why a Short Sale Might Be Better Than Foreclosure
Why Picking a Short Sale Realtor® Matters

If you’ve wondered, “What is a short sale?” now you know. Facing a foreclosure is stressful and burdensome to say the least. The good news is you might have a solution you didn’t realize existed. If you’re ready to take the next step, contact me, Liz Kenneally. I work with a team of professionals who are experienced in short sales negotiations, so you can put your confidence in us. There’s no obligation, no cost, and all your information is confidential so let’s work to uncover a solution that suits you by contacting me today.