How to do a Short Sale
The housing crisis has left countless homeowners “underwater” on their mortgage, meaning that they owe more than what their home is currently worth. While many of these families may be facing foreclosure, there are other potential options to get out from underneath such a burden, one of which is a short sale. A short sale is when the lender agrees to accept a sale price on the home, at fair market value, that is less than what is owed on the mortgage. However, getting a lender to agree to such a scenario and performing a short sale can be a complicated task. However, Yesner & Boss, P.L. can show you how to do a short sale and guide you at every step of the process, no matter whether you’re located in Tampa, St Petersburg, Lakeland, Bradenton, Pasco, Clearwater, or anywhere in Florida. We have experience handling these types of situations, and pride ourselves on courteous, caring service through difficult times such as these.
If you are interested in learning how to do a short sale as an alternative to foreclosure, we can help. There are a number of steps involved, some of which can be very complex, including:
- Negotiating with lender to agree to a short sale
- Offer
- Sale
- Submission of proceeds to bank
- Any further legal or tax consequences
- Making sure that the lender does not hold you responsible for the original mortgage, even after the short sale
- And more
If you are trying to avoid foreclosure, a short sale is a possible alternative. At Yesner & Boss, P.L., we’ll take the time to research your situation and guide you through this process, or another possible solution. We focus on our clients and their specific needs, rather than simply pushing you into the easiest possible outcome.
Contact us today to schedule a free consultation and learn more about how to do a short sale.
