A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.
How DaVinci Can Help
DaVinci handles the short sale process for local attorneys and have our own expert, in-house processor to complete the process for you, in as fast as three weeks in some cases. We even have the capacity to purchase your short sale if the buyer does not close the transaction.
The key to a successful short sale is knowing the process inside and out and attention to detail, and we are well-equipped in both regards. If you’re considering a short sale for your property, we are South Florida’s top office for making sure that you’re chance of success is as high as possible.
The Short Sale Process
This is a paragraph about the basic steps in the short sale process, just to outline for the reader what to expect when moving forward with a short sale. Below we will create a few simple bullet-points to cover the steps for our readers:
- You do this so that something else can happen
- We take the thing and make it better for everyone involved
- Someone somewhere takes what we’ve done and adds more to it
- You end up getting what you want because we’re awesome
- Everyone makes tons of money and lives happily ever after
We believe we are the top Real Estate company in South Florida for handling worry-free short sales. Get in touch for more details!
[button link="http://davincirealtygroup.com/?page_id=46" type="icon" icon="paper"]Get in Touch![/button]