Foreclosure sales continue to be a major part of the Brevard County, Florida residential real estate market as we enter 2014.
In December 2013 about 25% of all single family home sales were foreclosed houses. Another 10% of single family home sales were short sales.
Although the real estate market is recovering about one of every three sales in December 2013 were other than normal sales.
What does it mean "Act now or react later?"
Before a house is foreclosed there is a period where options exist to preclude the foreclosure. It may involve a deed in lieu of foreclosure. It may involve a loan modification. It may involve selling your home as a short sale. What is a short sale?
The key is to act now before you are forced to react through a foreclosure sale.
I am not an attorney. I do not offer legal advice.
With the above said I offer the below advice.
Contact your lender and discuss possible acts to preclude a foreclosure. It may involve a loan modification. They may suggest a deed in lieu. If the topic of a short sale comes up - call me at 321-693-3850 or email me.
I would welcome a chance to assist you in any way possible in selling your Brevard County, Florida home.
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