This is a fact of life for many in South Florida in the towns of Coral Springs, Sunrise, Tamarac, Margate, Parkland and beyond. You as a homeowner are wondering how can I possibly get out of an upside down situation? There are ways...one of them being to sell your home-yes, sell your home.  You ask, "How can I sell my home when it is worth less than what I owe?"

Consider selling your home as a Short Sale.  A short sale is when you are approved by your lender to sell your home for less than the balance of your mortgage. For example, your home is worth $250,000 and you owe $350,000. You scratch your head and say to yourself, " So you tell me my lender will take $250,000 to satisfy my loan when I owe my lender $350,000? How can that be? That's amazing?" It's amazing, unfortunate and very common in today's South Florida real estate market.  However, if you contact a Realtor who is knowledgeable in handling such situations, you may well be on your way to selling your home and getting into a home that you can now afford and receive some much needed peace of mind.

Learn more about the requirements of selling your home as a short sale by contacting me via email at Info@MyShortSaleHome or call me at 954-464-1100 and I'd be glad to consult with you.