How To Buy A Short Sale Home In Florida ●

: An attorney can negotiate deficiency waivers to protect the seller and ensure all Florida legal requirements are met during the closing process. 3. Make a Strategic Offer What is a short sale? - DeLoach, Hofstra & Cavonis, P.A.

: Ask the listing agent if the seller has already submitted their "short sale package" (hardship letter, financial statements, etc.) to the bank. If not, the process has not truly started. how to buy a short sale home in florida

Because of the legal and procedural nuances in Florida, specific expertise is highly recommended: : An attorney can negotiate deficiency waivers to

: Hire an agent who specializes in Florida short sales to manage the mountain of paperwork and lender communication. - DeLoach, Hofstra & Cavonis, P

Short sales are typically listed on the MLS with specific language indicating they are "subject to lender approval".

Buying a short sale home in Florida is a complex process where a lender agrees to accept a purchase price lower than the outstanding mortgage balance. While it can offer a lower price point and less competition, it typically requires a significantly longer timeline and a high level of patience. 1. Identify and Verify the Property

: Use public records to find out how much is owed to the lender and if there are multiple lienholders.