Daytona Beach Short Sales
Is the property value of your home less than the mortgage obligations? If it is, you may be a candidate for a Daytona Beach real estate short sale. The sale of your home may not net enough money to pay off your loan, including closing costs, property taxes, transfer taxes, and broker’s commission. If you cannot pay off your loan with additional cash or proceeds from the sale of your property, then it may be a good idea to consider a short sale.
Port Orange Short Sales
In order to complete a short sale, there must be some type of financial hardship. Some hardships include a job relocation, a divorce, loss of job, and a sudden change in health. The lender will require some evidence in order to consider this sale option. A mortgage company or bank may accept a short sale for the following reasons:
- New construction homes selling faster than resale homes
- The area has depreciated in value
- The home is in poor condition
- Avoid increasing its home inventory
- Avoid the expensive cost of foreclosure
It is important to work with a short sale professional. There are important steps to follow and disclosures that should be make in order to complete a short sale successfully. For more real estate short sale information, contact Kevin Kling. He can assist and provide information for sellers in the Port Orange and Daytona Beach real estate market.
Short Sale Real Estate Form
Please fill out the form and provide as much information as possible. Kevin may be able to help you unload your property with a short sale.
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