This is obviously not a time to sell a property in Orlando as most people are well aware it is a buyer’s market and there are thousands of homes available to compete with. If you need to sell your property now, this could be due to many different reasons, please contact us to discuss how we can help you in more detail.

If you are looking at owing a mortgage debt that is higher than the property is now worth most people think they will be facing foreclosure (repossession). This is not necessarily the case. A foreclosure may leave you with an outstanding debt that could be followed up by debt collectors until it is paid off. It could also affect your credit rating to have this debt and foreclosure on your credit history. It may be possible to sell your property as a short sale which means the property will be sold for a minimal amount and this could be offered to the bank to relieve you of your mortgage debt.

It may be a possible solution. It is also a good idea to contact your mortgage provider and explain your situation. They may offer a lower interest rate or offer to hold your mortgage payments for a few months to be added to the end of the loan. We can help you look at ways of increasing your rental income to ease the difficulties you may be facing at this time if you find your personal circumstances have changed since you first purchased your Orlando property. We will work diligently to help you find a solution if you find you have no alternative than to look at selling your property.