Posts Tagged ‘Tampa short sale’

To Avoid Foreclosure, Tampa Short Sale of Home May Be the Answer

Saturday, June 27th, 2009

Tampa short saleA Tampa short sale is really about money and the fact that the bank does not want to foreclose on people’s property.  A short sale is a business deal in which the lender agrees to release its security hold or interest on the property for less than the amount owed on the loan to allow a third party buyer to purchase the property.  For example, when a homeowner is “upside down on the property” and owes the bank more on the loan then the property is worth.

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