Can I Short Sale In Fort Lauderdale If I Don’t Have A Normal Hardship?
By Annett T. Block, Your NextHome in Fort Lauderdale Beach
(NextHome Connect Realty)
Can I Short Sale in Fort Lauderdale If I Don’t Have A Normal Hardship? We recently received this question “Can I Short Sale in Fort Lauderdale If I Don’t Have a Normal Hardship?” at the Fort Lauderdale Foreclosure Institute from Chad. Here is Chad's Situation. Chaid said: "I own a condo in Fort Lauderdale, Florida. I purchased my unit in 2007, pre-construction for $375k and have a mortgage balance of $337k. For a while I have been trying to sell my unit for over two years with no success. I have been unable to refinance because my unit is worth much less than the balance on my mortgage. My request for a loan modification has been denied. I must move by this summer and do not want to make a penny on the sale. I just want to get rid of this property. I have been advised that I would no...
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