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Deborah Puleo | The Oak Agency Blog

Friday, February 5, 2021   /   by Deborah Puleo

The Early Bird Gets the Worm...or in this case a successful Short Sale!

There are certainly a lot of factors when reviewing what it takes to have a successful short sale in real estate.  Before we go into those factors, let's first review what is a short sale.  A short sale is exactly as it sounds.  It is when the borrower owes more than what the property is worth and the lender accepts less than what is owed on the mortgage.  So when would a homeowner need to short sale?  That question is answered by looking at their hardships.  Was there a job loss, an illness, divorce, a disaster, pandemic, something that changed their ability to pay their mortgage and other expenses?  The answer should be some or all of these mentions and that question will be asked by the lender as they require a hardship letter with the short sale package. Click here to see what are some things NOT to say in a short sale hardship letter.  Click Here to learn on what is good to include in your hardship letter.  Be sure to take not ...

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The Oak Agency
Deborah Puleo
7750 Okeechobee Blvd , Ste 4-331
West Palm Beach, FL 33441
561-268-6200

All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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