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Short Sales vx. Foreclosures in Miami and Fort Lauderdale

By
Real Estate Agent with ONE Sotheby's International Realty

Miami Foreclosure Real Estate

If you are needing to sell your Miami home and find yourself in trouble financially, then there are two options available. One is to go through a Miami foreclosure, which you really do want to avoid at all costs possible, and the other is a Miami short sale. A short sale allows you to sell your Miami real estate without messing up your credit; however, you will still be responsible for the difference between the sold price and what you owe. Most of these conditions are set up by your particular lender and an expert Miami REALTOR can help you navigate the information..

 

Foreclosure Homes in Miami

While there were many homes that went through foreclosure across the country when the housing market nationwide tumbled, Miami homes for sale are not seeing quite as many as we did a few years ago. That is great news for the Miami housing market; however, that means for Miami home buyers that many of the rock bottom home prices will be disappearing as the last foreclosures and short sales are sold. Learn more at the Sunny Isles Miami real estate blog.