The Benefits of a Loxahatchee Short Sale.
There are many benefits in opting for a Loxahatchee short sale to avoid a foreclosure. In a short sale transaction, the bank will allow you to sell your home for less than what you owe. You will need an experienced Loxatchee short sale agent to help you through the process and the negotiation. The idea is for you to be able to sell the home, often on a significant discounted price, while your lender recovers the majority of what you owe.
Although this may not totally absolve you from the debt you owe from your mortgage, this is still a better option than a full-on foreclosure and here’s why:
1. You may protect your credit with a short sale. A Florida short sale allows both you and the lender to be ultimately in a better position because the lender, too, will prefer to recoup only part of the mortgage amount than to absorb a total loss from a foreclosure. More often than not, the bank will be willing to cut its losses from the difference in the amount that was paid and the amount of the loan than go through a costly deficiency judgement litigation.
2. You can prevent a foreclosure. It will be in the best interest of everyone involved if a foreclosure will be avoided as this affects not only you as the homeowner, but also the housing market and the lender.
3. You can have more control. While short sales will also involve negotiations, meetings and a lot of paperwork, the process will still be more like a regular sale as compared to the laborious and stressful process of foreclosures. You can have an active role in dealing with the bank, the buyer, and your Loxatchee short sale agent throughout the process.
4. You can have peace of mind. Remember that a short sale is at no cost to you. While it is true that short sales may not guarantee that there will be no financial implications on you credit, it will open the door to possible solutions as compared to a litigious foreclosure. It will not only leave you in a more positive position, it will also decrease your financial woes and salvage your credit to a degree.
Keep in mind that every cloud has a silver lining, and that may be a Loxahatchee short sale in your case. Let us walk you through the process, give you all the information you need, and provide you with all the necessary tools with our Loxahatchee short sale services. Call Katerina Gasset at 561-502-1577 today to get all your Loxahatchee short sales questions answered.