Frequently Asked Questions
1. What is a "Short Sale" ?
A short sale is when the lien holder (lender) accepts less than the amount owed on the existing mortgage.
2. What are some of the qualifing factors for a "Short Sale" ?
1) A hardship has occurred
2) You can't afford your payments
3) Your payments are behind or about to be behind
4) The current home value is not enough to pay all closing costs and satisfy the mortgage.
IMPORTANT NOTICE:
Northeast Florida Realty Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
