Oviedo Real Estate - Short Sales in October 2009

These smart homeowners didn’t have to lose their house to foreclosure. Instead, they hired a real estate agent to help them sell their house as a Short Sale.

Street	Date Sold	Original List Price	Sold Price	Beds	Baths	Sq Ft	Pool
Abell	10/14/09	$170,000	$120,000	2	2	1126	N
Covington	10/09/09	$165,900	$121,000	3	2	1125	N
State Road 426	10/09/09	$450,000	$170,000	4	2	2024	N
Lake Claire	10/29/09	$219,000	$202,000	4	2	1922	N
Oak Hammock	10/16/09	$200,000	$185,000	3	2	1652	N
Rochester	10/14/09	$279,900	$218,900	4	2	2312	N
Bullbush	10/13/09	$225,000	$225,000	4	3	2243	Y
Radisson	10/14/09	$325,000	$342,000	4	3	2798	Y
Ellington	10/15/09	$489,000	$425,000	5	3	3632	N
Wembley	10/02/09	$599,000	$416,000	5	3	4220	Y
Bear Stone	10/08/09	$499,888	$430,000	4	4	3795	Y

Properties have been listed and sold by various MLS members.

Data drawn from the My Florida Regional Multiple Listing Service.

Because the payoff of a loan will be ‘shorted’ by a significant amount, the mortgage lender must approve a Short Sale. Handled properly, the likelihood of successfully selling your house as a Short Sale is high. Once the Short Sale is behind you, you can often get on with your life with hardly a backward glance.

A Short Sale is nothing more than putting your house up for sale in the usual manner, waiting for a qualified buyer just like any other home seller would, facing a few extra hurdles, filling out additional paperwork, waiting a bit longer for the closing to take place, and finally moving out and moving on.

Real benefits come with selling your house as a Short Sale. Among them are: 1) substantially reducing or completely eliminating financial liability, 2) minimizing damage to your credit rating, 3) emerging from bad credit quicker than you would with a foreclosure, and 4) having a sense of satisfaction that you’re taking care of the problem proactively and responsibly.

Posted Wednesday Nov 04