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What is a short sale?

Quite simply put, a short sale can take place when a seller owes more on their house than what they can sell it for. Their lender (bank) may negotiate a lower sales price than the current mortgage. The bank does this 1) if the seller has a hardship 2) to avoid foreclosure costs. There are tax & legal issues to research when attempting a short sale. You should speak with your attorney & CPA prior to beginning any negotiations with the bank to make sure that this is your best option. We’d be more than happy to speak with you…






November 7, 2008 / No Comments / More

Cape Coral Short Sale

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The-Extreme-Team.com is a website created by licensed real estate agents of Florida Future Realty, Inc. to assist homeowners considering short selling their home or property in Cape Coral or Ft Myers. Florida Future Realty, Inc is a licensed real estate brokerage in the state of Florida located in SW Florida. Florida Future Realty, Inc is NOT associated with the government, and our service is not approved by the government or your lender. Even if you accept to use our service, your lender may not agree to a short sale. If you stop paying your mortgage you could lose your home and damage your credit. Please seek proper legal and tax advice prior to listing your house as a short sale or hiring any company for assistance.