I just closed a short sale for a family that did not have a serious hardship. They owed 185k and the sales price was 103k. They wanted to move because they wanted a bigger home in a nicer neighborhood (which they found and the rent is equal to their mortgage payment). At closing my clients were current on their mortgage and were required to bring $3000 to closing and sign an interest free note for $5500.
If you have any questions about a short sale or would like to know if you qualify please contact me at:
Steve Capen
727-348-2211 / steve.capen@gmail.com / www.pinellascountyshortsales.com / www.stevecapen.com
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