1. What is a Short Sale? In a short sale, the lender agrees to settle the debt owed on the property for less than the full amount. “Settled” means that the lender is writing off the debt (which is why you get a 1099 after a short sale for the amount of debt forgiven) and… [Read More]
It has just been announced that Sarasota’s Mid-Florida Regional MLS has been selected by Fannie Mae to launch a Pilot Program designed to speed up short-sale transaction times. Learn more and search Sarasota short sales and Sarasota foreclosures now!