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Oviedo Short Sales in November 2009

12-10-09
Judy Chapman
Judy Chapman: Real Estate Agent in Northbrook, IL

Don’t lose your home to foreclosure. These smart homeowners didn’t. Instead, they put their home on the market as a Short Sale.

Street

Date Sold

Original List Price

Sold Price

Beds

Baths

Sq Ft

Pool

MAGNOLIA

11/02/09

$174,900

$80,000

3

2

842

N

KINGSBRIDGE

11/03/09

$355,500

$260,000

4

3

2582

Y

WINDING LAKE

11/10/09

$325,000

$280,000

5

3

3562

N

SUGARBERRY

11/18/09

$189,800

$145,000

3

2

1310

N

ASHLAND

11/23/09

$199,900

$187,000

4

2

1970

N

ROCKY BLUFF

11/11/09

$349,900

$300,000

5

3

3039

N

JORDON

11/12/09

$167,000

$165,000

3

2

1525

N

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.