No Sir, that’s not the case at all. It can be, but certainly not always. Short sales are a symptom of property values in Davenport being lower than what they were when the home was mortgaged, nothing more.
Let’s say your employer transfers you to a different state. You move your family and all your possessions to your new home and now you are covering two mortgages, or one mortgage and one rent payment. There may not have been a hardship before you moved, but there certainly may be now. If this is putting you in a financial hardship then the property would need to be sold as a short sale without being in foreclosure.
You may not be behind on payments yet, but if it’s eating into your savings, then it could be a hardship at some point and you might miss payments then. That doesn’t mean you are in pre-forclosure, it means you are stuck with a home that is putting a strain on you and your family.
This is an example of a short sale that is not in pre-foreclosure. Don’t let the rumor mill guide you in a vitally important decision. Do your own research and get professional help when it’s needed. Happy selling folks.
Image courtesy of katietegtmeyer at Flickr
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Mortgage Assistance Relief Services Disclosure
Tutas Towne Realty, Inc is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
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Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales, Orlando Florida Short Sales, Celebration Florida Short Sales, Winderemere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.
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