There are 444 active short sale listings today in Brevard County. There are over 1,500 short sales under contract awaiting approval or closing. There were 222 short sale closings in Brevard County in August 2012.
The below chart shows the percentage of Brevard County closings that were lender mediated (short sales, foreclosures) over the past three plus years through July 2012.
|Provided By Florida Realtors®|
In these cases the lender(s) must approve any offer a seller accepts. Because of the additional steps involved with lender approval short sales typically take longer than a standard transaction – up to six months or longer!
Sellers who are facing a hardship should consider if a short sale is an appropriate step.
If foreclosure is inevitable I can’t think of any time a short sale would not be the best action. I am not an attorney or C.P.A. so I am not giving legal or financial advice here. Consult the appropriate professional.
If you own a house or condo in Brevard County and can no longer afford your payments due to job loss, divorce, death in the family, a job transfer, or some other hardship, call or email me to discuss whether a short sale may be in order.
I can be reached by phone at 321-693-3850 or email me.