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Short Sales In Central FloridaJune 1, 2011 12:44 pmWhat is a Short Sale?Simply put, a Short Sale is used to describe the sale of a home in which the homeowner owes the bank more than the home is worth. The bank agrees to allow the home to be sold for less than what is owed (AKA “Short Sale”). Would I qualify for a Short Sale?Yes. Contrary to popular belief, it is not difficult to qualify for a Short Sale. A good Short Sale candidate has no equity in their home. They are not able to sell their home and pay off all of the outstanding loans/debt that are secured against their property. If you owe more against your home than it is currently worth and want or need to sell it but can’t or won’t bring cash to closing to make up the difference between what you owe and what your home is worth, then you are a prime candidate. Apopka, Mt. Dora, Tangerine, Zellwood Real Estate Sales – Denny Shiver, Realtor I Can help you buy or sell your dream home in many of the fast growing Central Florida communities including Apopka, Zellwood, |