Archive for the ‘Central Florida’ Category

Will I Owe The Bank Funds Once A Short Sale Is Completed

Saturday, March 31st, 2012

Hello there everybody my name is Mark Alan Adams and I’m a licensed real estate agent right here within the state of Florida. My team and I specialize in short sales with within the Orlando area and I blog freqeuntly to offer relevant content to householders seeking to avoid foreclosure. We’re the authority on short sales within the Orlando area and want to help educate you on your real estate options. If my blog is useful right now, or if you are looking for more information, feel free to browse my library of videos or contact me directly to discuss your options.

For my weblog matter immediately I wanted to talk about whether you will owe your bank any money after finishing a short sale. This could be a difficult question as a result of the answer could be very far from black and white. :k1: is a recourse, or deficiency, state which means a lender has the right to sue you for any money owed after the sale of your property for the remaining balance on your mortgage. Having stated that are team has been able to get lenders to waive their right to a deficiency judgement in nearly ninety percent of all short sales we have closed. Occasionally a lender will desire a small contribution at closing from the seller however it is typically a small proportion of what’s truly owed. If your lender is prepared to forgive a hundred thousand {dollars} it is certainly worth it to hand over a number of thousand {dollars} to protect yourself within the future.

Getting these deficiencies waived is a part of what makes our workforce the authority on short sales in Central Florida. We wish to show you how to make the best real estate decision for you so pleace contact me as we speak to set up a free consultation. Thank you for your time and I look forward to hearing from you soon.

For more information on short sales and how to avoid foreclosure, or you can also and get started today.

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