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Short sale VS. Foreclosure Most consumers and many agents are confused about the difference between a short sale and a foreclosure.  Here is a simple comparison:   Short sales are properties where more money is owed then the property is worth.  In order to sell the property, the price will be less than the mortgage, […]

What is a Short Sale?  An Orlando Short Sale is a property that has more debt on the property than the market value of the home.  In order to be sold, the  bank or lender will have to approve taking a “short  payoff ” by agreeing to accept less for the mortgage than is owed. […]