Shorts Sellers Video
This video is the companion video to the Short Sale Buyers video.
The Daytona Beach homes market has been very much affected by dropping home values. In many cases the value of the home or condo has fallen below the amount owed on the mortgage or mortgages. Sellers in this situation cannot sell their homes without spending money out of their own pockets to close.
Many of these properties are headed to foreclosure because, on top of the value being less than the mortgage, the home owner is unable to make the mortgage payments.
There is an alternative to foreclosure for eligible homeowners. It is to the advantage of both the lender and the homeowner to pursue a short sale in many cases. A short sale means that the bank is willing to accept an offer from a new buyer that is less than the mortgage value . The lender saves the cost of foreclosure.
If you are a home owner thinking about selling using a short sale, this is the video you need to watch. It will explain the process and help you determine if you are eligible and if a short sale is right for you.
Please feel free to call me at 386-566-7503 if you have any questions about the short sale process. I’ve completed short sale transactions successfully and I’ve taken training on the process.