A Short Sale Can Help You Avoid Foreclosure in Tampa, St Petersburg, Clearwater & Beyond
A Short Sale Can Help You Avoid Foreclosure in Tampa, St Petersburg, Clearwater & Beyond
You may not know that a short sale can help you avoid foreclosure, but they have become a popular choice for many homeowners who can no longer afford to pay their mortgage. A short sale is a type of transaction where a homeowner facing foreclosure or some other hardship makes an agreement with the lender to sell the home for less than the remaining mortgage balance. The lender then agrees to accept the amount of money from the sale to satisfy the balance.
While you will not make any money off a short sale of your home, you may be able to avoid some of the common pitfalls that a foreclosure might cause, including:
- Significant damage to your credit rating
- The inability to finance and purchase another home
- The potential humiliation of a publically recorded foreclosure proceeding
- The mental and emotional toll of dealing with the loss of your home
If you are considering a short sale, you should begin by speaking with a real estate agent or REALTOR ® to find out whether he or she has specialized training in handling short sale transactions. It is important to find someone with the proper qualifications, as the overall short sale process can be quite difficult and time consuming.
Residents who want to avoid foreclosure in Tampa, Clearwater, Downtown St Petersburg, Brandon, Ruskin, Valrico, and other communities throughout the Tampa Bay area can depend on the highly experienced real estate professionals at Nathan Bangs & Associates. As a Certified Distressed Property Expert (CDPE), Nathan Bangs has helped many homeowners avoid the hassle, pain, and frustration of a foreclosure. Don’t trust your livelihood to just any real estate agent. Call the short sale specialist you can turn to for results at Nathan Bangs & Associates.
