In a nutshell, without all the legalize and yadda yadda yadda…
- owe more than house is worth
- life changes such as job loss,transfer,death in family create real financial hardship
- put house for sale
- get offer that is acceptable to seller then
- see if bank will accept seller
- walks away with no money lender may or may not write off the difference.
For more information on the short sale process, drop me an email at email@example.com
Gary L. Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region. Whether your interest lies in a 55+ community such as Heritage Isle, a golf course community such as Baytree National Golf Links or water front, give me a call!