admin | March 21, 2008
Hi - Clearwater real estate, like so many other areas of the country are now experiencing a lot of short sales. We just did a short sale earlier this week and are working on another one.
Short sales are created when the seller decides to sell his home for less than is owed to the bank. This requires the approval of the bank as they are going to lose money on the deal.
It has the advantage for all parties involved:
The seller gets out from under a mortgage he or she can not afford and spares the liability of going bankrupt in the process.
The bank gets paid right away and does not have to get involved in legal action trying to evict the seller.
The buyer of course gets a below market deal on a home.
The is happening in Clearwater real estate as well as real estate throughout the Tampa Bay area, Florida and the rest of the United States.
Please visit our websites at Clearwater Real Estate and Tampa Real Estate
Short sales are created when the seller decides to sell his home for less than is owed to the bank. This requires the approval of the bank as they are going to lose money on the deal.
It has the advantage for all parties involved:
The seller gets out from under a mortgage he or she can not afford and spares the liability of going bankrupt in the process.
The bank gets paid right away and does not have to get involved in legal action trying to evict the seller.
The buyer of course gets a below market deal on a home.
The is happening in Clearwater real estate as well as real estate throughout the Tampa Bay area, Florida and the rest of the United States.
Please visit our websites at Clearwater Real Estate and Tampa Real Estate
Posted 2 years, 7 months ago on March 21, 2008
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