Short Sales

BENEFITS OF A SHORT SALE

Short sales can be beneficial for all parties involved. They provide greater investment opportunities for buyers, and minimize the financial repercussions that both lenders and sellers would face if the properties went into foreclosure. Let’s take a closer look at the benefits for both buyers and sellers.

short sale

fav

Foreclosure prevention

A short sale will prevent a seller’s home from going into foreclosure.

short sale

fav

Debt absorption

The majority of a seller’s debt will be paid off by the home buyer.

short sale

fav

Savings on fees

In a typical sale, a seller would have to pay for agents’ commissions, but in a short sale, the lender pays these fees.

short sale

fav

Potential debt forgiveness

It’s possible that the lender will accept the proceeds of the short sale and write off the remaining debt as a loss.

Miami-top

Drawbacks Of A Short Sale

Despite the benefits involved, there are still quite a few drawbacks that come with short sales. The process is complex and drawn out, which can increase the riskiness of the transaction and negatively impact buyers, sellers and lenders financially.

Here’s a list of some of the issues that both buyers and sellers face when involved in a short sale.

Short Sale Listings

No listings found.

Connect With us