$200,000 forgiven

A client who had a property in Miami needed to short sale their home which they bought at the peak of the market. The value had gone down 50%. This was a hurdle to overcome but we completed the short sale and the property was sold for roughly $200,000. The property owner walked away from just over $200,000. The lender ate the loss and the owner walked away with a smile.

By: Florida Short Sales Help Team
2-24-09