We hear very often that Short Sales do not close. Our office is in Orlando, Florida and we have successfully negotiated all of our short sale listings. This is not an easy process. We select our sellers based on having a true hardship and the necessity to short sale in Orlando. We educate the buyer on the process so they know what to expect.
A short sale is a complicated process and requires hiring a team that is organized and diligent. Understand with a foreclosure there can be future garnishment of wages. A short sale is negotiated and in many instances a lender will waive the right to pursue the loss in the future. In addition, a primary resident may receive between $3,000 and $20,000 in relocation money from the lender. The lender pays the real estate agent and the closing costs associated with the sale. A primary residence falls under the Debt Forgiveness Act of 2007. Understand this expires December 31, 2012. This definitely changes the tax consequences of a sale. More information can be found at www.irs.gov.
Understand the process and protect your rights!
Click this link to view the steps necessary to complete a successful short sale.
Call Torey Eisenman today at 321-422-4729 for a confidential phone interview regarding your options.
Please seek legal advice and accounting. This information is for informational purposes only.
Contact Torey Eisenman, CSSA, CDPE, Realtor®, Benchmark Real Estate Inc. Licensed Realtors® in Florida at 321-422-4729 to list your property for sale or to purchase a property in Orlando, Heathrow, Lake Mary, Winter Springs, Oviedo, Altamonte Springs, Alaqua, Alaqua Lakes, Estates at Springs Landing, Sanford, Casselberry and the rest of Seminole County Florida, Orange County Florida and Osceola County Florida. We are accepting referrals.
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