Everbody has heard this term but nobody really knows what it is.
Owners that need to sell their property fast because they have to move
or can’t make the payment anymore sometimes only
have the option of foreclosure or short sale.
A short sale is a process where the bank or lender accepts less
that the payoff on the mortgage and forgives the balance.
In Tampabay St Petersburg Fl the market is not what it used
to be and sales prices have come way down.
If you are in a position where you need to do something
and nothing else is working, talk to you bank,
or ask your Realtor or accountant for help, do not wait until it is too late.
A short sale might be your way out.