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Do I and does my property qualify for a Short Sale in Miami-Dade Florida?
We are saddened often to find homeowners who are in financial distress (including fellow real estate professionals), who believe that foreclosure is a predestined end result.  Either they stick their head in the sand and think the problem is just going to go away somehow, or they do want a better solution to foreclosure but don't think there is one or that they qualify for one.  The sad result is seeing many avoidable foreclosures.
If someone has a property they can no longer afford and the balance owed to the lender is more than the market value (or close to it) they may qualify for a Short Sale.  This is when the lender will allow the sale of the house to go through for less than full pay-off of the loan.  To qualify for a short sale, the property homeowner must prove some sort of financial hardship which shows that he/she can no longer make the payments and does not have the funds to make up the difference between sale price and loan balance at the closing table.  Most of our clients do not have a problem proving this hardship (via tax returns, bank balances, pay-stubs, household budgets and hardship letters).  ... more

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