Short Sales

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Short Sales in the Sarasota and Bradenton area

Wednesday, February 3rd, 2010 at 1:13pm. 255 Views, 0 Comments.

Short Sales can be great buys if you have a lot of time and patience!  We have several short sale listings in the Sarasota and Bradenton area.  I receive calls daily from clients who have questions regarding the process of a short sale transaction.  Well finally have good news with respect to the short sale process.  Mortgage Servicers participating in the Hafa program effective April 5th, 2010 will allow borrowers to receive pre-approved short sale terms, such as the minimum acceptable net proceeds, before listing the property.  The program requires borrowers to be fully released from future liability for the first mortgage debt with no deficiency judgments.  Mortgage servicers participating in the program will be required to use standard processes,…

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