A "Short Sale" transaction occurs when a lender is willing to accept less than the loan amount and liens due. A short sale is often used as an alternative to foreclosure, which reduces certain fees & costs to both the lender and the seller. It is imperative to keep in mind that not all lenders will accept short sales, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify.
I like to inform my clients to be prepared and have a strong gut if entering a short sale transaction. Short sales are typically a transaction between the seller and their lender, the buyer is along for the ride.
I have closed many short sale transactions and they have taken anywhere from 3 months to over 9 months As a Certified Short Sale and Foreclosure Specialist with the National Association of Realtors, I can offer the proper guidance in any of these type of complex transactions.
If you would like additional information on the process, strategies involed, or a copy of my Short Sale & Foreclosure Resource Book, contact me
CLICK HERE to map view available Short Sales and Foreclosures in Jupiter and Northern Palm Beach County
