The Law Offices of Midler & Kramer, P.A.
(954) 567-0300 / (561) 929-3051

120 East Oakland Park Blvd, Suite 203 – Fort Lauderdale, FL 33334
2385 NW Executive Drive, Suite 100 – Boca Raton, FL 33431

SHORT SALE

 

SHORT SALE: A SALE OF YOUR HOME FOR LESS THAN WHAT YOU OWE IS CALLED A SHORT SALE.  IF YOUR LENDER AGREES TO A SHORT SALE, YOUR HOME WILL BE SOLD PAYING OFF YOUR MORTGAGE AT A REDUCED AMOUNT.  A SHORT SALE IS AN ALTERNATIVE TO A FORECLOSURE. 

IT IS IMPORTANT TO WORK WITH AN EXPERIENCED TEAM  INCLUDING AN ATTORNEY AND REAL ESTATE AGENT WHO UNDERSTAND THE NUANCES OF SHORT SALES.  MOST LENDERS ARE NOW REQUIRING A SHORT SALE PACKAGE BE SUBMITTED AT LEAST 35 DAYS PRIOR TO A SALE DATE OTHERWISE THEY WON’T PROCESS THE APPLICATION.