Short Sale In Florida

[Maggoty]

We have just found out that our property in Florida had not completed the Foreclosure process and we are still officially the owners. Long story.

Anyway, we have been advised that we should go for a short sale on the property. What are the pros and cons for the SELLER ie us. I have googled it but it is mainly adverts from firms trying to get the business so it all looks rosy-ish.

It was a holiday rental property
The management company rented it out and after a year stopped paying us the rent, which meant we couldn't pay the mortgage.
We haven't paid the mortgage for 5-6 years now and since we spoke to them about foreclosure.
Their is a lien on it from the Home Owners Association.
We live in the UK

Sorry if I look as if I'm relying on you guys but I thought it can't hurt to ask

Thank you in advance

Alison

x

[themas]

I'd suggest that, if you can, you find a USA site similar to this one & post your question there.

[Buenchico]

>>>find a USA site similar to this one & post your question there

Excellent advice. Here are the two biggest sites:
http://answers.yahoo.com/

http://www.answerbag.com/