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There are many home owners in Florida who are upside down on their home or can no longer make their house payment either because of job loss, divorce or financial struggles, whose only option was letting the home go back to the bank; otherwise known as foreclosure. If you are considering foreclosure, you may want to look into another option known as a Short Sale. Florida short sales are becoming more & more common among today's home sellers and can be the answer to your financial struggles allowing you to get out of your home and save your credit.
What is a Short Sale?
A short sales happens when an experienced realtor works with your bank to negotiate selling your home for less money. Many times in this case, the bank agrees to take a loss and forgives the remaining debt. With the housing market as slow as it is today, short sales in Florida are becoming a very common option for those home owners that need help getting their home sold fast.
What are the benefits to a short sale?
The benefits to a short sale v. foreclosure are distinct. Considering letting your Florida home go into foreclosure can be detrimental to your future credit and can cause you to not be able to buy another home for up to 5 years or more not to mention this flaw will be on your credit report for years to come. A short sale can be a much quicker process, less expensive and doesn't look as bad on your credit report as a foreclosure. It shows that you, as the home owner, did everything you could to avoid defaulting on your loan and in fact can be a big plus in the eyes of a future lender.
How does a short sale work?
Convincing your lender to sell your property at a loss can be very difficult. In addition you will also have to convince your realtor to take a smaller commission and the amount of the loan that the lender forgives in a short sale can become your responsibility. Using an experienced Realtor who has has success with short sales in Florida is the smartest decision you can make when going this route.
If you are considering a short sale in Florida then you need an expert like Melissa Godwin. Melissa is a Certified Distressed Property Expert and can help you with your Florida Short Sale. Contact Melissa for a confidential consultation to find out if you will be able to short sale your Florida home.
Osceola County is located in central Florida and encompasses the communities of St. Cloud (Saint Cloud), Kissimmee, Campbell, Champions Gate & more.
St. Cloud Florida is located in Osceola County just south of Orlando and east of Kissimmee. | 
