Much like the rest of South Florida, there are several foreclosures in Davie Florida. Many houses are ‘underwater’, meaning the debt to the lender is more than the market value of the property.
If you are behind on payments, and facing foreclosure you might want to consider doing a short sale on your house. This process can prevent the foreclosure from further damaging your credit, thus allowing you to get back on your feet much quicker.
A foreclosure can stay on your credit for approximately seven (7) years, while a short sale basically shows your late payments, and that the property was sold in a short sale. There are a few issues you should discuss with your CPA or financial analyst prior to committing to doing a short sale on your Davie house.
BUYERS – There is no better time to purchase real estate in Davie Florida than right now. There are many bank owned homes, foreclosures and short sales making home prices some of the most affordable in years. Whether you are a first time homebuyer, a homeowner looking to upgrade your existing home or real estate investor looking for a great investment, we have the perfect deal for you. Current interest rates are at record lows, combined with great government programs and tax breaks make it a great time to enter the Davie real estate market. Just complete the form on the Right, and one of our professional Real Estate agents will contact you.
Don’t be another Foreclosure in Davie statistic, call our office today to talk to one of our Foreclosure/Short Sale professionals.
Complete this form, and one of our Davie Short Sale professionals will contact you shortly.
