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Short Sales - Do They Still Exist? Emerald Coast, Florida

Do you think short sales are over on the Emerald Coast of Florida? They are not. In 2017, I’ve helped sellers from Sandestin, Destin, Miramar Beach, Florida to Navarre, Niceville, Crestview and more short sale their homes or investment properties, with prices ranging from $100,000 to almost $1,000,000!  The market has recovered, but not completely. Many homeowners are still experiencing mortgage rate re-sets where their  mortgage payments increase, relocation for employment, business failure, military PCS from Eglin AFB or Hurlburt Field, loss of rental income, divorce, job loss, etc. These hardships make paying their mortgages difficult or impossible, and their home’s value has not increased sufficiently to cover their first or second mortgage balances should they pursue a traditional sale. In these cases, short sale is still an option. Lenders are somewhat easier to work with than in years past, but not always. It depends on your particular situation.
Don’t stick your head in the sand if you’ve been receiving calls and notices from your mortgage lender because you are behind on your payments.  You may be able to recover, save your credit and avoid foreclosure through short sale. I recently helped a couple who had about a $100,000 in credit card debt that they had ... more

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