Foreclosure Stopped in Tracks!

Client came to us with a condominiun in Orlando purchased for $985,000 with a 1st and 2nd mortgage. With the market value of the property at just over $500,000 we started the short sale process by listing the home for sale on the local MLS in Orange County Florida. Within a little over 2 months the condo was under contract and we started negotiations with the lender. We closed the sale of the property 2 months later and the owner walked away. Foreclosure prevented.

By: Florida Short Sales Help Team
2-8-08