Florida Short Sale Lawyer Boynton Attorney Foreclosure Loan

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Updated: 08-Aug-08
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Added: 28-Jul-08

www briankortepl com 866 322 2164 What is a Short Sale A short sale is the process by which a homeowner can sell a house for less money than he actually owes on the mortgages This is done by the buyer or investor providing proper documentation to the mortgage lenders to convince them to reduce the mortgage balance to allow the sale The mortgage loan lender or bank actually takes a loss or write off on the mortgage because the value of the home has fallen below the mortgage balance AND the homeowner is in a poor financial condition that will not allow him to continue to pay on time If the bank approves the discount on the mortgage the home can be sold for a lower pri