What is a Short Sale? A
Short sale is a sale of real estate in which the sale price
falls short of the balance owed on a loan or loans secured by the property. In a
short sale, the bank or mortgage lender agrees to discount the loan balance due
to an economic or financial hardship on the part of the homeowner. This
negotiation can take months and can be very difficult without proper guidance
and help. At the Jacksonville Short Sale Team, we work with
your bank's loss mitigation team or legal department to make the process fast
and easy. When the home owner sells the property for less than the outstanding
balance of the loan(s), and turns over the all proceeds of the sale to the
lender, sometimes (but not always) this satisfies all remaining debt to the
lender or bank. Extenuating circumstances influence whether or not banks will
discount a loan balance. These circumstances are usually related to the current
real estate market and the borrower's financial situation. The
Jacksonville Short Sale Team will negotiate with your lender
all while protecting your rights. For more information on how a short sale could
benefit you please call Jacksonville Short Sale Team at
(904) 312-5255 for a FREE consultation. That
is (904) 312-5255 for a free consultation on how a short sale
can help solve your mortgage problems. Advantage One Realty 10151
Deerwood Park Blvd, Suite 250, Building 200 Jacksonville, FL
32256
Avoid
Foreclosure