Video Consultation
Your Answers to:
Top 20 Questions about Orlando Short Sales
Video Answers to your Questions:
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What is a Short Sale?
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2. Who pays the difference between the loan amount owed and the sales price sold?
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3. Will I owe the difference to the lender?
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4. Will I owe taxes on the forgiven debt?
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5. Why would a lender want to accept a short sale?
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6. How long will it take to do a short sale?
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7. Do I need to move when I start a short sale?
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8. If I make my payments on time during a short sale will my credit still be affected?
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9. Is it true that I may not qualify for a short sale?
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10. Who pays the closing costs to sell my home?
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11. Will I be able to buy a home after a short sale?
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12. Can I lose my home to foreclosure during a short sale?
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13. Who sets the price of my home?
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14. Would I be eligible for a government short sale aka HAFA short sale?
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15. Can my spouse or a relative who’s not on the loan buy my house at todays value?
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16. Does it make sense for me to do a short sale?
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17. What paperwork and financial information do I need to provide to the bank for a short sale?
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18. How will a short sale affect my credit and score?
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19. Can I use any realtor to do a short sale?
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20. Can you personally Help me with my short sale?
Dear Jerry,
I have a income property in Orlando which is up side down and I need to short sale it.
I have contacted to the my lender Green Tree and they took some intial survay and gave me 45 days to find a realtor.
The property address is in Orlando FL, Orange County.
My tenant might be interested as she was when the price of the property was $400.000 but she couldn’t buy it at that time.
Please help me out to short sale my propety.
Thank you and best regards
Fred Pardis