What is a Short Sale?
In a short sale is when the servicer allows the homeowner to list and sell the mortgaged property and agrees to accept the net proceeds from the sale, even if the proceeds are less than the total amount due on the mortgage.
Under HAFA, after a short sale or deed-in-lieu is successfully completed, a homeowner is cleared of all remaining debt and obligations on their first lien mortgage to their mortgage servicer, and is eligible for $3,000 to help with moving expenses. For many homeowners, these solutions are the safest way to transition to more affordable housing
For many homeowners,
To learn more about the potential impact of a short sale or a deed-in-lieu on your credit report, visit: http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.shtm.
call 407-683-0106 and ask for Clark the short sale specialist or email @ Kendrick.clark@floridamoves.com
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