Short Sale Vs Foreclosure In Orlando FL
By Local Realty Service, Ocala Real Estate Agent
(Fontana Realty)
Buying a home is an investment for life, and there must be due diligence. Homeowners will find several ways to buy a home of their choice. They may choose ‘distressed’ homes available; those on a short sale or foreclosure as they are often available for 30 percent less compared to new ones. Ocala, Florida real estate agent Fred Franks of Local Realty Service and Katrina Barone of Housesforsaleinocalafl.com discusses more on the distressed homes for homeowners so that they can snag a deal short sale vs foreclosure in Orlando, Fl.Defining a Short SaleA short sale takes place when a borrower is unable to make payments towards the mortgage and owes more than it is worth in the market. It may take place when the homeowner may be current on their mortgage payment. Even if the homeowner is rea...
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