What is a short sale?
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. With the housing market as slow as it is today, short sales in Florida are becoming a very common option for those home owners that need help getting their home sold fast.
Do not let your Home go into Foreclosure because of an inexperienced company and or Attorney touting they have the ability to prolong your foreclosure and wipe away your Mortgage with an Audit of the Loan. It simply doesn’t happen and you would fall victim to individuals who are just looking to make money on your distress . When it comes to closing deals and saving families from Foreclosure, La Playa’s longevity and experience matter the most.
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