Just a few years ago, the term "short sales" was a relatively unheard of term in the real estate market. Now they are as mainstream as a traditional real estate sale, if not more so.
What is a short sale?
A short sale is when a seller attempts to sell the property for less than what they owe on the property. Some lenders will consider a short sale of the property if certain criteria are met. Important factors to consider when purchasing a short sale listing are:
Has the lender approved a short sale process for the property?
Are you willing to wait through the process?
If you are in need of moving quickly, a short sale circumstance is probably not going to be the best route for you. The short sale process can be long and exhausting and will require a lot of patience from both you and your Realtor.
Click here to view potential short sale properties in the Upper Keys
Condo / Townhomes - Potential Short Sales