Mandalay Beach Club Short Sale Information on Clearwater Beach, Florida
We can help you with the entire short sale process for your Mandalay Beach Club condo. Our short sale specialists know that the short sale process is not pleasant and that is is overwhelming to the condo owner, but we can help make the process much easier.
There are countless reasons why condo owners are losing their homes here on Clearwater Beach and the most common reason is that the owner can no longer afford their mortgage payment. Let us tell you up front, you are not alone. A large percentage of condo sales here on Clearwater Beach have been short sales. The biggest reason for this is due to the bad loans that were being issued in 2004-2006 and the tremendous number of investors that purchased condos as an investment at inflated prices. Many of those investors have had to let their properties go into foreclosure because of the sever price drops.
We can help you salvage you credit and avoid losing your condo to foreclosure using the short sale process.
The Process: Mandalay Beach Club Short Sales
Below are the steps to completing a successful short sale, we are here to help you if needed.
1. Contact the Lender / Mortgage Holder
2. Submit Letter of Authorization
3. Create a Preliminary Net Sheet
4. Hardship Letter to Lender
5. Proof of Income and Assets
6. Bank Statements
7. Comparative Market Analysis
