LOOKING FOR A SHORT SALE IN THE SARASOTA AREA? My site is updated daily with all the new distressed properties from the Sarasota/Manatee MLS.
PURCHASING A SHORT SALE VS. A NORMAL HOME…Most buyers have heard the term short sale before, but don’t know exactly what it means. So what is a short sale?
What is a SHORT SALE?……A SHORT SALE is when the homeowner owes more on the home than what the home’s current market value is. A SHORT SALE process will help a homeowner avoid foreclosure, which is very expensive for the bank and will have the most dire effect on the credit report for the homeowner. The idea is for the homeowner to find a buyer for their home so they can avoid the foreclosure. The bank may decide that it is in their best interest to grant a SHORT SALE rather than foreclosing on the home. Don’t forget the bank still has to approve the SHORT SALE. You as a homeowner have to prove a true hardship to be able to be approved for a SHORT SALE from your lender. You cannot just simply stop paying your mortgage and sell your house short.
Please keep in mind the time frame is different when it comes to a short sale vs. a regular sale. With a regular sale certain things are completed in a specific time frame and you will be able to close and move in on a specific date. With a short sale property there are many question marks involved which affects when you will be closing and moving into your home.
If you are interested in the process of a short sale and would like to talk about the specifics in more detail please feel free to contact me.
Manatee County Short Sale Homes for Sale
Sorry, but we couldn't find any results in the MLS that match the specified search criteria.
Sarasota County Short Sale Homes for Sale
- List View
- Map View
- Grid View
See all Short Sale Homes for Sale in Sarasota County.
(all data current as of 12/5/2022)
Listing information deemed reliable but not guaranteed. Read full disclaimer.