Short Selling Your Home

Short Selling Your Home Florida Foreclosure Defense Free Consultation

There are many reasons why you might be interested in short selling your home. Financial issues can strike at any time to almost anyone. Whether your finances have changed because of a divorce, family death, unexpected medical issue, etc. you may want to short sell your home. This can help you say goodbye to your mortgage and get you on a new path. Please keep reading to learn more and then give our Florida foreclosure defense lawyers for help. Call to set up a free consultation today.

What is Short Selling?

If you are going to short sell, that means your lender has agreed to take a payoff that is less than what you owe on the house because you are in financial duress. The remainder of your loan will be forgiven in a short sale. This was more common between 2008-2012 and is much less common today. It is a way to help you out of a financial crisis. It does not come without consequences, but short selling has been the best option for many people.

Should I Short Sell My Home?

You may be interested in short selling your home because it will allow you to get out of your mortgage without going through foreclosure. There are consequences that you do want to consider. For example, if you ever want to own a home again, a future lender might not want to take a risk on you.

If they see that you went through with a short sale, they might see you as a bad risk. It could make it very tricky to find another lender willing to look past this.

That should not mean that you cannot go through with it, but it is important to note that if you do want to get another house in your future.

Call Our Florida Foreclosure Defense Lawyers Today

If you want to know more about short selling your home, please do not hesitate to get in touch with our Florida foreclosure defense lawyers right away. We can help you determine the best way forward for you based on your financial situation. Set up your first free consultation with us right away.

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