Broker Bryant www.CentralFloridaShortSales.com
Well OK then. BUT…..did you know getting it removed is not enough? “What ya talkin’ ’bout Willis?” Having the deficiency language removed from a Florida Short Sale approval letter don’t mean squat.

Of course, I am NOT an Attorney nor do I play one on TV. So you need to seek legal advice if this is a big deal. But here’s my opinion. Not only would they have to remove the deficiency language BUT they would have to add a clause stating that they will NOT go after you for a deficiency. AND I personally don’t think this would make a difference either.

So you have to ask yourselfIs going ahead with the short sale better than being foreclosed on?” (Insert the NOT an attorney language). My opinion is “YES”. Yes a Short Sale is better than being foreclosed on. At least with a Short Sale you have tried to do the right thing. However a Short Sale is NOT a free walk in the park. There are consequences.

  • Your credit may be messed up.
  • You may have difficulties getting a mortgage for a few years.
  • You could be liable for some taxes.
  • Maybe that deficiency will come back to haunt you.
  • You will have to move out of your house.

These are pretty much the  same consequences you will have if you get foreclosed on. So why do a Short Sale? In my opinion, it’s the better of two bads.

I guess my point is that you need to take this stuff serious. Do your research. Seek the advice of a competent Attorney and tax professional. Then after all of your questions have been answered to your satisfaction….sleep on it. When you are ready to go the path of the Florida Short Sale, call me. I’ll be able to help. OK? 

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

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I am a licensed real estate Broker in the state of Florida. My opinions on real estate have been formed from my experiences and 15 years of working in the business. My opinions are in line with Florida Real Estate laws and the REALTOR(R) Code of Ethics. Your State’s laws may differ. So do your own homework before implementing any of my business practices into your business.