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Orlando Short sale on second home February 5, 2009

Posted by orlandoshortsalefl in orlando foreclosure, Orlando pre foreclosure, Orlando real estate, Orlando Short Sale.
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2 comments

This is a question I get asked quite a bit. The answer is Yes, you can do a short sale on a second home, vacation home or investment property. You must be able to claim and show hardship. This is done the same way as if this was your primary residence.

We must do a financial statement, Hardship letter signed, authorization letter to the lender(s), allowing me to speak to them on your behalf. We will provide the listing agreement, purchase and sale contract, bank statements and W2’s. On this type of short sale you must consult with a tax professional. Your income reporting will be different than on your primary residence.

Remember as long as we can prove hardship for you on your Orlando short sale, you can avoid foreclosure. You can also short sale your second home and not have to sell your primary residence. Most of my clients who have a second home bought it for an investment. When the market turned in Orlando, they either lost their tenants or had their income decrease. Either way if we can prove you are upside down on your debts VS. your income, we can do a short sale.

I have said this before foreclosure is the last resort….. I can help you short sale your primary residence or your secondary residence. Contact me at www.scottnwendy.com. I will help you avoid foreclosure and do an Orlando short sale.

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