Winter Spring FL Short Sale
The city of Winter Springs
is a flourishing community that features a strong local economy and countless benefits for residents. But even this popular destination in the greater Orlando area has not been immune to the economic downturn, and the number of available foreclosures has increased. Recently, more and more distressed homeowners and interested homebuyers have found a mutually beneficial way to avoid foreclosure - the Winter Springs FL short sale
A short sale
occurs when a homeowner – who is in danger of foreclosure – proposes to their lender to sell the property to a third party for less than the amount of the outstanding mortgage. When successful, a short sale allows the distressed homeowner to avoid foreclosure, the lender to recover as much of the remaining mortgage as they can, and the buyer to purchase a home at a great discount. Added benefits for buyers include having the ability to inspect the property beforehand as well as being able purchase a short sale with their own mortgage – important qualities not offered by foreclosures.
Short Sale in Winter Springs FL
While a Winter Springs FL short sale
is attractive in theory, the challenges that both homeowners and buyers
face are much more complex than a traditional sale. It is important to partner with a Realtor® that has unparalleled experience with short sales and can navigate the process, from managing the expectations of all parties involved to executing all of the necessary requirements on time and correctly.
Are you a homeowner in danger of floreclosure or a homebuyer looking for the right Winter Springs FL short sale
? Contact The Core Group