Florida Living Will Templates
Short Sale?
Hello all,
I’m currently am going on foreclosure. Due to a recent job loss I put my house on the market to try to avoid foreclosure. I tried refinancing no luck there due to my recent late payments and income loss and I live in Florida where the market has slumped. Someone offered me to do a short sale on my property, I contact my bank and the told me to write a letter and send to them, since me and the potential buyer don’t want to involve realtor in the deal because it will be more expensive we are going to do everything by our self
I would like to know if anyone can help me or let me know where I can find a template short sale letter, so that way I will have an idea what to write and send it to my lender.
What is your advice? Any suggestions you can provide me?
Thanks in advance!
you need to use a competent real estate brokeror real estate lawyer. You are going to have a shortfall that you will still have to work out and pay to the lender. You do not need legal issues with the purchase also chasing you. These types of deals need all the i’s dotted and t’s crossed.
The lender is less likely to even entertain any offer if something like that is written on the backside of a napkin with bad spelling.
in florida the chances of the lender filing for a judgment are very good because it is easy to obtain and will stay with you for 20 years and can be renewed for another 20.
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