Short Sale - This is when the lender agrees to accept less than what is owed on the mortgage to facilitate the sale of the property and avoid a foreclosure. This can be a win-win solution for all parties because, the borrower gets out of their over-encumbered property and the lender does not have to foreclose.
Troy Funk, CDPE, SFR, Sarasota Short Sale & Real Estate Expert
Sarasota Short Sale Real Estate Broker specailizing in Sarasota Downtown, Bird Key, Lido Key, Longboat Key, Lakewood Ranch, Palmetto, Parrish, Siesta Key, University Park, Bradenton, Nokomis, Osprey, Venice and Southwest Florida
